MINERAL RESOURCE & MINERAL RESERVE STATUS AS AT 31 DECEMBER 2016 Tim Rowland – Group Competent Person 12 th April 2017 Market Presentation
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 among others those relating to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations; exploration and production costs; levels of expected production; Gold Fields ’ growth pipeline; levels and expected benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other occupational health risks experienced by Gold Fields ’ employees. These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. GFI Mineral Resources and Mineral Reserves | Tim Rowland | 12 th April 2017 2
Mineral Resource and Mineral Reserve Headline numbers 1 – 31 December 2016 Gold Prices: Resource US$1,400/oz (1,500), A$1,850/oz (1,750), ZAR 650,000/Kg (550,000) Reserve US$1,200/oz (1,300), A$1,600/oz (1,550), ZAR 550,000/Kg (500,000) 2015 2015 31 December 2015 Managed Attributable Gold Mineral Resource 121.5 Moz 102.2 Moz 50.1 Moz Gold Mineral Reserve 46.1 Moz Production depletion Managed Attributable Gold Mineral Resource 2.4 Moz 2.3 Moz 2.3 Moz Gold Mineral Reserve 2.2 Moz Additions 2016 Managed Attributable Gold Mineral Resource 1.3 Moz 1.6 Moz 4.3 Moz Gold Mineral Reserve 4.2 Moz 31 December 2016 Managed Attributable Gold Mineral Resource 120.4 Moz 101.5 Moz 2016 2016 52.1 Moz 48.1 Moz Gold Mineral Reserve Resource: International 57.4 Moz South Deep 63.0 Moz 1 Group total figures are gold only ounces and Reserve: International 14.8 Moz include Operating Mines and Growth Projects South Deep 37.3 Moz 2 Numbers in brackets are for December 2015. Additions have offset depletion and grown the Reserve GFI Mineral Resources and Mineral Reserves | Tim Rowland | 12 th April 2017 3
Resource and Reserve – Key Messages Group Company strategy has delivered a strong headline Reserve position, despite US$100/oz lower gold price for planning and with 2.3 Moz depletion Au Resources have decreased by ~1% (Mines + Projects) – 120.4Moz (121.5 Moz) Au Reserves have increased by ~4% (Including Gruyere) – 52.1Moz (50.1 Moz) Reserve figure includes Gruyere but excludes Salares Norte – PFS in progress Region Australia R&R shows strong increase (+37% Resource and +62% Reserve, with Gruyere included) West Africa R&R stable (Resources steady and +1% Reserve) South Deep Reserves flat but Resources down -8% due to MSO / minimum mining width exercise America’s Gold Resource & Reserve +2% and -16% respectively, due to Cerro Corona depletion and inclusion of Salares Norte, where the Gold Resource is up 13% Despite lower metal prices, Group Reserves have increased by 4% YOY GFI Mineral Resources and Mineral Reserves | Tim Rowland | 12 th April 2017 4
Mineral Resource and Mineral Reserve 2016 Materiality, Transparency and Competency Corporate Governance Compliance with all relevant regulatory codes: - SAMREC 2016 - JSE Section 12 listing requirements - US SEC / Industry Guide 7 - SOX Minimum 3-year external audit coverage for operating assets and major growth projects 2016 Audit compliance certificates issued for: South Deep: Shango Solutions (Geology), Optiro (Mineral Resource) and RPA (Mineral Reserve and LoM plan) Cerro Corona: AMC (Mineral Reserve and LoM plan); AMEC conducted Resource review in 2015 Comprehensive information on all Group mining assets and projects is provided in the Resource and Reserve Supplement to the Integrated Annual Report and is available on the Gold Fields website Creating value from the fundamental asset in the ground GFI Mineral Resources and Mineral Reserves | Tim Rowland | 12 th April 2017 5
2016 Strategy In Action Positive Developments underpin robust R&R – and OPPORTUNITIES remain Damang Re-investment Tarkwa evaluating new hydrothermal deposits HIGHLIGHTS and UG potential South Deep Re-base OPPORTUNITIES Agnew focused on Gold Road Gruyere JV Resource to Reserve conversion and extension / discovery Granny Smith Resource and Reserve growth Cerro Corona LoM expansion project Australia Exploration assessing all options strategy bearing fruit St Ives continuing to explore Invincible camp Salares Norte moving to potential maiden Reserve Commitment to Exploration, Reinvestment, M&A, Growth Projects and Business Optimisation has retained a positive outlook GFI Mineral Resources and Mineral Reserves | Tim Rowland | 12 th April 2017 6
Mineral Resource and Mineral Reserve Managed Gold Mineral Resources change per Region Australia Region West Africa Region 18,0 16,0 0.7 16,0 14,0 0,7 14,0 5.2 12,0 12,0 Gold (Moz) Gold (Moz) 10,0 10,0 8,0 1,0 15,1 15,1 8,0 15,5 6,0 6,0 11,3 4,0 4,0 2,0 2,0 0,0 0,0 Dec 2015 Mined Growth Dec 2016 Dec 2015 Mined Growth Dec 2016 Depletion Depletion Americas Region (gold only) South Africa Region 80,0 7,0 0.4 70,0 6,0 0,3 60,0 0,3 5,0 5,2 Gold (Moz) 50,0 Gold (Moz) 4,0 40,0 6,3 68,4 3,0 6,1 63,0 30,0 2,0 20,0 1,0 10,0 0,0 0,0 Dec 2015 Mined Growth Dec 2016 Dec 2015 Mined Growth Dec 2016 Depletion Depletion Changes driven by Resource (mining) depletion (2.4Moz), as well as: GFA: Acquisition of Gruyere (3.3Moz); growth at Granny Smith UG (1.4Moz); decrease at Agnew due to updated modelling (0.3Moz) South Deep – 5m minimum block width applied to resource model (-7.3Moz) offset by in-design material (+2.6Moz) Americas: Growth at Salares Norte GFI Mineral Resources and Mineral Reserves | Tim Rowland | 11th April 2016 7
Mineral Resource and Mineral Reserve Managed Gold Mineral Reserve change per Region Australia Region West Africa Region 7,0 9,0 0.8 3.2 8,0 6,0 7,0 5,0 0,7 6,0 Gold (Moz) Gold (Moz) 4,0 5,0 4,0 3,0 7,7 7,8 5,8 3,0 1,0 2,0 3,6 2,0 1,0 1,0 0,0 0,0 Dec 2015 Mined Growth Dec 2016 Dec 2015 Mined Growth Dec 2016 Depletion Depletion South Africa Region Americas Region (gold only) 40,0 2,0 0,3 1,8 0,3 35,0 1,6 30,0 1,4 0,0 25,0 Gold (Moz) Gold (Moz) 1,2 0,2 20,0 1,0 37,3 37,3 0,8 15,0 1,5 1,3 0,6 10,0 0,4 5,0 0,2 0,0 0,0 Dec 2015 Mined Growth Dec 2016 Dec 2015 Mined Growth Dec 2016 Depletion Depletion Changes driven by Reserve (mining) depletion (2.3Moz), as well as: GFA: Acquisition of Gruyere (+1.8Moz); growth at Granny Smith UG (+0.7Moz); discovery & cost reduction at St Ives (+0.5Moz) Ghana: Reinvestment plan at Damang excluding Rex & Huni (+0.9Moz) and the US$100/oz lower Au price at Tarkwa (-0.8Moz) South Deep: inclusion of two additional corridors – one in Current Mine and the other in SoW GFI Mineral Resources and Mineral Reserves | Tim Rowland | 11th April 2016 8
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