By Tapan Panchal
LONDON--Gold Fields Limited (GFI.JO) Monday reported an 8%
decline in 2013 gold mineral resources primarily due to the impact
of gold prices and mining depletion during the year.
For the year ended Dec. 31, 2013, the company's managed gold
mineral resources totaled 136.7 million ounces, compared with 149.3
million ounces a year ago. Mineral reserves for the period totaled
52.6 million ounces, versus 59.4 million ounces.
The gold producer said the decline in mineral reserves is mainly
attributable to a gold price of $1,300/oz, compared with $1,500/oz
gold price in December 2012. Other than price impacts, the company
said the main contributor to the change in mineral reserves was a
mining depletion of 2.3 million ounces.
Write to Tapan Panchal at tapan.panchal@wsj.com
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