Slide 1: Gold Fields South Deep Rebase Plan
Gold Fields South Deep Rebase Plan Media Site Visit Presentation March 2017
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: Overview of South Deep performance in 2016
Overview of South Deep performance in 2016 FY FY Q4 Q3 Production (koz) and AIC (US$/oz) 2016 2015 2016 2016 350 1800 Production koz 290.4 198.0 80.9 69.4 300 1600 1400 AISC US$/oz 1,207 1,490 1,097 1,289 250 1200 200 1000 AIC US$/oz 1,234 1,559 1,122 1,317 150 800 600 100 400 ● Strong safety perfor
Slide 4: Operational strategy and progress
Operational strategy and progress
Slide 5: Strategy and Progress
Strategy and Progress Fix the base - Business improvement Total Projects Program 2017 2018 Projects Completed People 9 7 2 - Health and Safety 5 3 2 - Fleet and Fleet Management 11 5 4 2 Infrastructure 16 6 6 4 Mining 15 2 8 5 Mineral Resource Management 10 5 4 1 Financial and Administration 2 1 1 -
Slide 6: Skills and fleet
Skills and fleet Critical skills Description 2017 2018 2019 2020 2021 2022 Management 22 23 23 23 23 23 Core 4 291 4 142 4 081 4 058 4 023 4 028 Services 1 262 1 276 1 212 1 212 1 212 1 212 SLP 574 574 574 574 574 574 Total 6 149 6 015 5 890 5 867 5 832 5 837 Trackless fleet schedule Description 201
Slide 7: Positive operating trends achieved
Positive operating trends achieved metres Development - monthly average m2 Destress - monthly average 700 3,000 600 2,500 20% 500 2,000 400 69% 1,500 300 1,000 200 500 100 - - 2014 2015 2016 2014 2015 2016 Development Linear (Development) Low Profile High Profile tonnes Longhole Stoping - monthly av
Slide 8: Rebase Plan strategy and objectives
Rebase Plan strategy and objectives • No compromise on safety and health Safety and • Infrastructure maintenance and renewal Health • Safe mining methods (mechanisation & automation, seismic controls, safe design) • Secondary support capacity designed to match requirement • Geology block model updat
Slide 9: Orebody, mine design and geotechnical considerations
Orebody, mine design and geotechnical considerations
Slide 10: A world class orebody
A world class orebody ● Corridors increased from 4 to 6 based on regional pillar changes ● 240m horizontal destress span decreased to CM 180m ● Converted from low (2.2m) to high (5.5m) 1,490 m profile destress stoping. Increased yield pillar VCR width from 2.5m (low profile) to 6.0m (high 610 m NoW
Slide 11: A world class ore body
A world class ore body High Profile Destress & Longhole Stoping Shaft Stope Access & Development Infrastructure Cut 1 : Mature slot Cut 2 : LHS Starts Drain Hole Twin Footwall Cross Cut Intake Ventilation Pass Return Ventilation Pass Cut 3 : Destress Ore Pass Starts Corridor progression 3 active cut
Slide 12: Capital infrastructure
Capital infrastructure Capital Development - 2016 - 2022 South Shaft 93 level Twin Shaft 2017 93 Level access to 1W (2018) 2018 2019 • Return air ways 100 level 2020 • Access to 93 level workshop 2021 workshop 2022 95 level 100 level conveyor 2W Main Crusher Feeds rock to 100 level and 105 level con
Slide 13: Geotechnical considerations: Seismicity
Geotechnical considerations: Seismicity Strong correlation with destress stoping volumes Seismicity (Events) vs Destress Production Crush pillars in LP Destress Stopped for Combined All HP Destress secondary support LP & HP 140 60,000 120 50,000 No. of Events Destress (tonnes) 100 No. of Events 40,0
Slide 14: Mine planning and production profile
Mine planning and production profile
Slide 15: Mine planning
Mine planning Longhole Stoping 44% 52% 47% 57% 54% 67% 68% 6 Rigs 8 Rigs 8 Rigs 9 Rigs 9 Rigs 11 Rigs 12 Rigs 15 Stopes 19 Stopes 26 Stopes 26 Stopes 30 Stopes 35 Stopes 35 Stopes 250 235 224 210 192 200 174 153 144 113 160 150 150 kt/mth 82 110 64 80 100 33 24 39 24 35 31 33 50 56 53 64 49 47 43 41
Slide 16: LoM tonnage profile: Average tonnes per month
LoM tonnage profile: Average tonnes per month 300 30 South of Wrench Steady state from (East and West) Current Mine and North of Wrench Destress starts in 2033 ≈ 63 years 2022 ≈ 10 years 250 25 230 Ore Production (kt/mth) 200 20 SoW West Au Production (t) t Au 150 kt/mth 150 15 NoW 100 10 50 5 SoW E
Slide 17: Production profile: Tonnes and ounces
Production profile: Tonnes and ounces ● 2016 saw a step change in production as the base was reset ● Production build up will be much steadier over the next six years as South Deep approaches full production ● Mining from North of Wrench increases from 36% to 73% at full production ● At steady state
Slide 18: Cost and capital profiles
Cost and capital profiles ● Most of the operating expenditure is in the cost base ̵ 70% - 80% of South Deep’s cost base is fixed ● Significant improvement in unit costs as volumes ramp up ● Total growth capital of R2,280m will be spent over the next six years – mainly on underground infrastructure (
Slide 19: Executive summary and risks
Executive summary and risks
Slide 20: Executive summary (in 2017 money terms)
Executive summary (in 2017 money terms) Description Unit 2016 2017 2018 2019 2020 2021 2022 Long Term Guide Tonnes Milled kt 2 249 2 452 2 868 2 733 2 687 2 766 2 861 1. Gold production remains at circa 500koz per annum from Underground Reef kt 1 634 1 829 2 085 2 300 2 518 2 691 2 815 2023 to 2031
Slide 21: Investor Relations Contacts Media Contact
Investor Relations Contacts Media Contact Avishkar Nagaser Thomas Mengel Sven Lunsche Tel: +27 11 562 9775 Tel: +27 11 562 9849 Tel: +27 11 562 9763 Mobile: +27 82 312 8692 Mobile: +27 72 493 5170 Mobile: +27 83 260 9279 E-mail: E-mail: E-mail: Avishkar.Nagaser@goldfields.co.za Thomas.Mengel@goldfie