Gold Fields Limited · JSE:GFI
Gold Fields — Investor Presentation (2009)
20 slides from Gold Fields's investor presentation, 2009
Slide 1: South America Region
200 SOUTH AMERICA REGION Juancho Kruger Head: South America Region
Slide 2: Introduction: Cerro Corona a strong launch pad in region
201 SOUTH AMERICA REGION Introduction Highly endowed and prospective geological g region. Focused mainly in Peru and Chile. Cerro Corona. CERRO CORONA • First phase at full production. production CERRO CORONA The image cannot be display ed. Your computer may not hav e enough memory to open the image
Slide 3: Regional Strategy
202 SOUTH AMERICA REGION Regional Strategy • “If we can not mine safely, we will not mine” • “Building the base” for the future S Secure Th The F Future t • Social Development / Community Relations • Talent / Human Resources • Strong franchise with government and stakeholders • Production optimizati
Slide 4: Social Development Strategy
203 SOUTH AMERICA REGION Social Development Strategy Social Development Role: R l catalysts t l t off development d l t Local Sustainable Employment Infrastructure Development & Projects P j t Training BUILDING RELATIONSHIPS OF TRUST 9 Roads 9 Direct / indirect 9 Self-sustaining 9 Electrification em
Slide 5: Cerro Corona Mine: a strong cash generator
204 SOUTH AMERICA REGION Cerro Corona Mine EqKoz GoldProduced Steady State 100 80 C Cerro C Corona – att steady t d production d ti – Copper tons 30,000 60 – Gold ounces 140,000 40 – Gold equivalent ounces 320,000 20 0 LOM production ~320 eq koz p.a. Q1F09 Q2F09 Q3F09 Q4F09 Q1F10 Steady State Produc
Slide 6: Indicative Production and Cost Profile (LOM)
205 SOUTH AMERICA REGION Cerro Corona Mine INDICATIVE PRODUCTION and COST PROFILE 400 600 550 300 500 450 200 400 Ounce $/O Equiv.Koz 350 100 300 250 0 200 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 F2009 F2010 F2011 F2012 F2013 F2014 F2015 F2016 F2017 F2018 F2019 F2020 F2021 F2022 F2023 F2024 GoldProduced(koz
Slide 7: Cerro Corona: sweating the asset for higher cash flow
206 SOUTH AMERICA REGION Cerro Corona Mine Production Optimization – Our Priority Maximize throughput g p – above 750tn/hr • Preventive maintenance • Increased utilization • Increase production +10% Increase recoveries – Cu >85% 85% / Au >65% 65% • Optimize blending • Hypogene ore • Iron removal pro
Slide 8: Production Optimization: ore blending vs recovery
207 SOUTH AMERICA REGION Cerro Corona Mine Production Optimization – Our Priority Ore Blending g vs Recovery y Production P dTons T Pti rocessedd(kt) kt) (Th Throughput h t Cu and Au 100 800 738 734 721 753 750 736 90 709 701 677 659 80 618 70 623 600 549 540 60 520 496 496 Recovery, % 499 499 502 5
Slide 9: Converting Resources to Reserves
208 SOUTH AMERICA REGION Cerro Corona Mine Converting Resources To Reserves 140 Potential to increase reserves by ~28Mt 120 117 Key constraint is tailings storage capacity: 100 • Social license and environmental permitting 89 ntons Million Cerro Corona Phase II feasibility analysis underway 80 60 Dr
Slide 10: Tailings and Waste Capacity Key for Expansion
209 SOUTH AMERICA REGION Cerro Corona Mine Tailings and Waste Storage Infrastructure Engineering and construction under evaluation Aguilas and Gordas Phase II on track • Potential for cost reductions and higher capacity • Gordas at 3,732 level • Optimum construction sequencing • Aguilas at 3,732 lev
Slide 11: Tailings Infrastructure Costs: capital costs decline after F2010
210 SOUTH AMERICA REGION Cerro Corona Mine Tailings Infrastructure Costs ($ Million) 80 400 60 300 40 200 20 100 Steady Production at 6.2 Mt per year 0 0 10 11 12 13 14 15 16 17 18 19 20 21 22 F201 F201 F201 F201 F201 F201 F201 F201 F201 F201 F202 F202 F202 TMFCost CumulativeTMFCosts CAPITAL COSTS D
Slide 12: Las Aguilas and Gordas TMF on Track
211 SOUTH AMERICA REGION Cerro Corona Mine Las Gordas and Las Aguilas TMF Rhyolite quarry LasGordasdam @3732 LasAguilas dam @3687 LasFlacas ridgedam Existing Jalca tailings LAS AGUILAS AND GORDAS TMF ON TRACK
Slide 13: Turning the Oxides to Account
212 SOUTH AMERICA REGION Cerro Corona Mine Turning The Oxides To Account 7,000 1.70 Significant value to be monetized 6,000 1.60 5,000 5,000 1.50 1.50 Total cumulative stockpile of 5.9M tons at 1.37 Au gr/ton 4,000 1.40 3,000 1.30 Total expected stock to be mined LOM • 7.5M tons at 1.37 gr/ton • ~30
Slide 14: Growth Strategy: Chucapaca Project
213 SOUTH AMERICA REGION Growth Strategy Peru Advanced Exploration: Chucapaca Project • 51% earn in JV with Buenaventura • US$ 8.1 million back-in investment Chucapaca • GFI operator as of Q1 F2010 • Au (Cu, Ag) - deposit hosted by breccias • Some intercepts with high grades (~8-9 gr/ton) • Latest d
Slide 15: Chucapaca Regional and Tacna Project
214 SOUTH AMERICA REGION Growth Strategy Peru Early Stage Greenfields Exploration Chucapaca Regional Project Tacna Project Early stage greenfields exploration Target definition project in Southern Peru • 94k hectares owned by GFI around Chucapaca • 100% Gold Fields exploration project • Successful c
Slide 16: Consolidada: Near Mine Potential for Growth
215 SOUTH AMERICA REGION Growth Strategy Near Mine Exploration - Consolidada de Hualgayoc • 50/50 joint venture with Buenaventura (BVN) • Gold Fields operates the JV • Highly prospective region – near mine Cerro Corona • g back to the 1700’s Mining • Cuadratura target drilled – no significant result
Slide 17: Chile: Pircas Project, Strong Pipeline
216 SOUTH AMERICA REGION Growth Strategy Chile Early Stage Greenfields: Pircas Project • JV with SBX • 5,700 hectares in 4 concessions SBX JOINT VENTURE 26° • Located in the Maricunga belt AC • GFI has option to acquire up to 100% at Pircas (and 90% at remaining properties) BA V VA MARICUNGA BELT 28
Slide 18: Regional Growth Strategy: High Growth Potential
217 SOUTH AMERICA REGION Regional Growth Strategy 1 moz in production or development within five years Early Stage Advanced stage Cerro Corona Cerro Corona Exploration Exploration Expansion Construction • Consolidada de Hualgayoc • Chucapaca Project • Increase CC reserve base •First shipment in Q1 F
Slide 19: Conclusion: Target 1 Mozpa Attributable Production
218 SOUTH AMERICA REGION Conclusion The Gap RegionalProductionTargets • Consolidada de Hualgayoc 225 • Chile JV’s 900 • Chucapaca & Tacna 800 Regional 700 250 600 500 170 400 775 300 200 355 100 219 0 F2009 Actual F2009Actual Q1F2010 Q1F2010 Steady State SteadyState Grow Grow F2015 Target F2015Targe
Slide 20: Conclusion: Target 1 Mozpa Attributable Production
219 SOUTH AMERICA REGION Conclusion The Gap RegionalProductionTargets • Consolidada de Hualgayoc 225 • Chile JV’s 900 • Chucapaca & Tacna 800 Regional 700 250 600 500 170 400 775 300 200 355 100 219 0 F2009 Actual F2009Actual Q1F2010 Q1F2010 Steady State SteadyState Grow Grow F2015 Target F2015Targe