Slide 1: Mineral Resources & Mineral Reserves, Status as at 31 December 2014
MINERAL RESOURCES & MINERAL RESERVES STATUS AS AT 31 DECEMBER 2014 Tim Rowland – Group Competent Person 7th April 2015 Market Presentation
Slide 2: Forward looking statements
Forward looking statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include
Slide 3: Mineral Resources and Mineral Reserves 2014: Strategically Positioning the Group for Cash
Mineral Resources and Mineral Reserves 2014 Strategically Positioning the Group for Cash Focus on Quality, Cash • Group LoM plan delivers a 15% Free Cash Flow (FCF) Generative ounces consolidated margin based on Reserves at US$1,300/oz • Positioning our assets to protect viability under fluctuating
Slide 4: Linking Strategic, Business and LoM planning
Linking Strategic, Business and LoM planning Gold Fields Revised Annual Planning Cycle 1 2 Cash flow vs. Strategic Scenario Planning per 3 LoM/Reserve Deliver the Operation/Region & trade-off Strategy Investments/Divestments Corporate Strategy studies - not restricted by LoM Review Panel Capit
Slide 5: Mineral Resource and Mineral Reserve Headline numbers
Mineral Resource and Mineral Reserve Headline numbers1 – 31 December 2014 Managed Attributable Gold Mineral Resource 136.7 Moz 113.4 Moz 31 December 2013 . Gold Mineral Reserve 52.6 Moz 48.6 Moz Production Depletion from Managed Attributable Mineral Resource 2.4 Moz 2.3 Moz 12 Months Production Depl
Slide 6: Managed Gold Only Mineral Resources (Change per Region)
Mineral Resource and Mineral Reserve Managed Gold Only Mineral Resources (Change per Region) Resource Change per Region (Moz) -4.4 Growth Projects 28.7 24.3 -0.3 Variance Americas Region 3.3 3.0 Dec-13 -1.5 Australia Region 11.5 Dec-14 10.0 -2.0 West Africa Region 16.9 14.8 -0.2 South Africa Region
Slide 7: Managed Gold Only Mineral Reserves (Change per Region)
Mineral Resource and Mineral Reserve Managed Gold Only Mineral Reserves (Change per Region) Reserve Change per Region (Moz) -0.3 Americas Region 2.0 1.8 Variance -0.3 Australia Region 4.0 Dec-13 3.6 Dec-14 0.4 West Africa Region 8.3 8.7 -0.2 South Africa Region 38.2 38.0 -5.0 0.0 5.0 10.0 15.0 20.0
Slide 8: West Africa Region
West Africa Region Regional Overview Key Site Developments • Mineral Reserves increased by 3% net of depletion Tarkwa • Tarkwa expanded processing from 12.3 • Mine continues to deliver world-class mining and Delivering Value 9.6 Moz Mtpa to ~13.5 Mtpa for under $10m processing costs Resource - • Low
Slide 9: West Africa Region: 2015 Key Exploration Targets – Damang
West Africa Region 2015 Key Exploration Targets – Damang • Review of Geology models • Build lease wide 3D Geology model to Delivering value enhance exploration targeting • Re-optimise old mined out areas • Develop pipeline of projects to replace LoM depleted reserve ounces Extension • Place emphasis
Slide 10: Americas Region
Americas Region Regional Overview Key Site Developments • Standout gold-copper mine delivering consistent results Delivering value • Remained lowest cost (AIC/oz) producer in Cerro Corona • Salares Norte project continues to Gold Fields, producing high-margin Au & Cu show good potential Resource 3.0
Slide 11: South Africa Region
South Africa Region Regional Overview Key Site Developments • World class ore body Delivering Value • Need to transition the mine to bottom line delivery South Deep • Ore body is well understood and key infrastructure 76 Moz is now installed Resource • Pillar study & comprehensive peer review to det
Slide 12: Australia Region
Australia Region Regional Overview Regional Highlights • Consolidated portfolio of prospective, • Successful & rapid integration of new Yilgarn orogenic greenstone style ore bodies Region assets Delivering value • Demonstrated management 10 Moz capability in WA • GFI process and protocols installed
Slide 13: The DNA of Orogenic Greenstone Mines and Camps
The DNA of Orogenic Greenstone Mines and Camps Ranking by Deposit Type – Global Au Endowment Rank Type Gold (Moz) (%) 1 Palaeoplacer gold 3,125 37 • Orogenic deposits account for 18% of the world’s known gold 2 Orogenic 1,523 18 (deposits > 500koz) 3 Porphyry 1,220 15 • Continue to be a very 4 Place
Slide 14: The Lag from Discovery to New Mine Production
The Lag from Discovery to New Mine Production Indicative Time Frame from Discovery to Operational Delivery for Brownfield projects 1-2 years lead <1 year lead >2 years lead ~1 year lead Resource to On Mine Project generation Local extensional Reserve Optimization Resources De-risked Broad framework
Slide 15: Australia Region: Granny Smith Overview
Australia Region Granny Smith Overview Key Site Developments • Flagship high grade, high margin • Very successful 2014 drilling campaign at Wallaby Granny Wallaby underground ore body Smith • Strong 1.4 Moz increase in Wallaby underground Delivering value Mineral Resource – strong capacity to replac
Slide 16: Granny Smith: Historical Exploration Delivery and Targets
Australia Region Granny Smith Overview Historical Exploration Delivery and Targets 2 000 15 • Flagship high grade, high margin Wallaby Underground Reserves, Mined Production, Exploration Wallaby underground ore body 1 500 Expenditure Delivering value 10 • World class ore body enjoys good geological
Slide 17: Australia Region: St Ives Overview
Australia Region St Ives Overview Key Site Developments • Well established mix of owner mined • Investing in next generation of mines with exploration open-pit and underground operations focussed on the Speedway trend, Eastern causeway Delivering value • Invincible open pit represents a St Ives zone
Slide 18: St Ives: Exploration Targets
Australia Region St Ives Overview Exploration Targets • Well established mix of owner mined open-pit and underground operations Delivering value • Invincible open pit represents a major new discovery to anchor the LoM plan • LoM based on current Reserves only extends to 2020 (6 years) LoM • ~A$42m e
Slide 19: Australia Region: Agnew and Darlot Overview
Australia Region Agnew and Darlot Overview Key Site Developments • Agnew’s new FBH ore body • FBH reflects improved Reserve at 348koz & development continues on plan Resource at 585koz – take over mining front ex. Kim Delivering value Agnew • Value creation at Darlot focussed on • Continued positive
Slide 20: Australia Region (2): Exploration Targets – Waroonga
Australia Region (2) Agnew and Darlot Overview Exploration Targets – Waroonga • Agnew’s new FBH ore body development continues on plan Delivering value • Value creation at Darlot focussed on discovery of a ‘game changer’ ore body • LoM based on current Reserves only at Agnew extends to 2019 (5 years
Slide 21: GFI Core Growth Projects
GFI Core Growth Projects Projects in Diverse Countries & Terrain Salares Norte - Chile FSE - Philippines Resource: 23Mt at 4.15 g/t Au for 3.1 Moz gold and 33.6 Moz silver Resource 19.8 Moz gold 9,921 Mlb copper Unchanged YOY Unchanged YOY Interim • Completed in 2014 • Application in Scoping FTAA* p
Slide 22: Materiality, Transparency and Competency
Mineral Resources and Mineral Reserves 2014 Materiality, Transparency and Competency Corporate Governance December 2013 R&R Supplement awarded SAMREC & JSE ‘Squirrel’ for best public reporting from a mining or exploration company Compliance with all relevant regulatory codes: - SAMREC - JSE listing
Slide 23: Questions
Questions MINERAL RESOURCES AND MINERAL RESERVES 2014