/SECOND AND FINAL ADD -- LNM003 -- Gold Fields Limited: Q2 F2005
Results/ Operating and Financial Results International Operations
SA Rand Total Operating Results Ore milled/treated (000 tons)
December 2004 7,810 September 2004 7,064 Financial year to date
14,874 Yield (grams per ton) December 2004 1.6 September 2004 1.6
Financial year to date 1.6 Gold produced (kilograms) December 2004
12,128 September 2004 11,281 Financial year to date 23,409 Gold
sold (kilograms) December 2004 12,128 September 2004 11,281
Financial year to date 23,409 Gold price received (Rand per
kilogram) December 2004 85,274 September 2004 81,624 Financial year
to date 83,515 Total cash costs (Rand per kilogram) December 2004
51,839 September 2004 53,488 Financial year to date 52,634 Total
production costs (Rand per kilogram) December 2004 66,013 September
2004 67,618 Financial year to date 66,786 Operating costs (Rand per
ton) December 2004 84 September 2004 95 Financial year to date 89
Financial Results (Rand million) Revenue December 2004 1,034.2
September 2004 920.8 Financial year to date 1,955.0 Operating costs
December 2004 653.8 September 2004 672.2 Financial year to date
1,326.0 Gold inventory change December 2004 (32.5) September 2004
(87.1) Financial year to date (119.6) Operating profit December
2004 412.9 September 2004 335.7 Financial year to date 748.6
Amortisation of mining assets December 2004 180.0 September 2004
177.6 Financial year to date 357.6 Net operating profit December
2004 232.9 September 2004 158.1 Financial year to date 391.0 Other
income/(expenses) December 2004 33.0 September 2004 7.4 Financial
year to date 40.4 Profit before taxation December 2004 265.9
September 2004 165.5 Financial year to date 431.4 Mining and income
taxation December 2004 113.7 September 2004 71.6 Financial year to
date 185.3 - Normal taxation December 2004 60.3 September 2004 37.3
Financial year to date 97.6 - Deferred taxation December 2004 53.4
September 2004 34.3 Financial year to date 87.7 Net profit December
2004 152.2 September 2004 93.9 Financial year to date 246.1 Capital
expenditure (Rand million) December 2004 335.9 September 2004 574.3
Financial year to date 910.2 Planned for next six months to June
2005 504.4 International Operations SA Rand Ghana Tarkwa Damang
Operating Results Ore milled/treated (000 tons) December 2004 4,919
1,354 September 2004 4,091 1,342 Financial year to date 9,010 2,696
Yield (grams per ton) December 2004 1.1 1.5 September 2004 0.9 1.6
Financial year to date 1.0 1.6 Gold produced (kilograms) December
2004 5,221 2,067 September 2004 3,882 2,148 Financial year to date
9,103 4,215 Gold sold (kilograms) December 2004 5,221 2,067
September 2004 3,882 2,148 Financial year to date 9,103 4,215 Gold
price received (Rand per kilogram) December 2004 85,980 85,148
September 2004 81,942 81,564 Financial year to date 84,258 83,321
Total cash costs (Rand per kilogram) December 2004 44,168 44,461
September 2004 50,618 48,743 Financial year to date 46,919 46,643
Total production costs (Rand per kilogram) December 2004 56,120
49,057 September 2004 61,669 53,631 Financial year to date 58,486
51,388 Operating costs (Rand per ton) December 2004 46 67 September
2004 53 72 Financial year to date 49 70 Financial Results (Rand
million) Revenue December 2004 448.9 176.0 September 2004 318.1
175.2 Financial year to date 767.0 351.2 Operating costs December
2004 226.4 91.0 September 2004 217.4 96.9 Financial year to date
443.8 187.9 Gold inventory change December 2004 3.7 (1.4) September
2004 (20.0) 5.7 Financial year to date (16.3) 4.3 Operating profit
December 2004 218.8 86.4 September 2004 120.7 72.6 Financial year
to date 339.5 159.0 Amortisation of mining assets December 2004
64.2 9.4 September 2004 42.1 10.2 Financial year to date 106.3 19.6
Net operating profit December 2004 154.6 77.0 September 2004 78.6
62.4 Financial year to date 233.2 139.4 Other income/(expenses)
December 2004 2.5 0.3 September 2004 2.5 0.1 Financial year to date
5.0 0.4 Profit before taxation December 2004 157.1 77.3 September
2004 81.1 62.5 Financial year to date 238.2 139.8 Mining and income
taxation December 2004 64.0 33.0 September 2004 34.5 22.6 Financial
year to date 98.5 55.6 - Normal taxation December 2004 17.1 33.0
September 2004 11.3 14.6 Financial year to date 28.4 47.6 -
Deferred taxation December 2004 46.9 - September 2004 23.2 8.0
Financial year to date 70.1 8.0 Net profit December 2004 93.1 44.3
September 2004 46.6 39.9 Financial year to date 139.7 84.2 Capital
expenditure (Rand million) December 2004 118.4 19.2 September 2004
193.6 10.4 Financial year to date 312.0 29.6 Planned for next six
months to June 2005 145.0 29.8 International Operations SA Rand
Australia # St Ives Agnew Operating Results Ore milled/treated (000
tons) December 2004 1,255 282 September 2004 1,354 277 Financial
year to date 2,609 559 Yield (grams per ton) December 2004 2.6 5.4
September 2004 2.8 5.1 Financial year to date 2.7 5.3 Gold produced
(kilograms) December 2004 3,316 1,524 September 2004 3,831 1,420
Financial year to date 7,147 2,944 Gold sold (kilograms) December
2004 3,316 1,524 September 2004 3,831 1,420 Financial year to date
7,147 2,944 Gold price received (Rand per kilogram) December 2004
84,620 84,449 September 2004 81,493 81,197 Financial year to date
82,944 82,880 Total cash costs (Rand per kilogram) December 2004
68,486 51,903 September 2004 60,741 48,944 Financial year to date
64,335 50,476 Total production costs (Rand per kilogram) December
2004 83,926 September 2004 77,738 Financial year to date 80,706
Operating costs (Rand per ton) December 2004 208 267 September 2004
214 245 Financial year to date 211 256 Financial Results (Rand
million) Revenue December 2004 280.6 128.7 September 2004 312.2
115.3 Financial year to date 592.8 244.0 Operating costs December
2004 261.0 75.4 September 2004 290.1 67.8 Financial year to date
551.1 143.2 Gold inventory change December 2004 (39.4) 4.6
September 2004 (75.9) 3.1 Financial year to date (115.3) 7.7
Operating profit December 2004 59.0 48.7 September 2004 98.0 44.4
Financial year to date 157.0 93.1 Amortisation of mining assets
December 2004 106.4 September 2004 125.3 Financial year to date
231.7 Net operating profit December 2004 1.3 September 2004 17.1
Financial year to date 18.4 Other income/(expenses) December 2004
30.2 September 2004 4.8 Financial year to date 35.0 Profit before
taxation December 2004 31.5 September 2004 21.9 Financial year to
date 53.4 Mining and income taxation December 2004 16.7 September
2004 14.5 Financial year to date 31.2 - Normal taxation December
2004 10.2 September 2004 11.4 Financial year to date 21.6 -
Deferred taxation December 2004 6.5 September 2004 3.1 Financial
year to date 9.6 Net profit December 2004 14.8 September 2004 7.4
Financial year to date 22.2 Capital expenditure (Rand million)
December 2004 148.1 50.2 September 2004 330.3 40.0 Financial year
to date 478.4 90.2 Planned for next six months to June 2005 173.2
156.4 # As a significant portion of the acquisition price was
allocated to tenements of St Ives and Agnew on endowment ounces and
also as these two Australian operations are entitled to transfer
and then off-set tax losses from one company to another, it is not
meaningful to split the income statement below operating profit.
Operating and Financial Results Total Mine US Dollars Operations
Operating Results Ore milled/treated (000 tons) December 2004
11,823 September 2004 11,043 Financial year to date 22,866 Yield
(ounces per ton) December 2004 0.094 September 2004 0.096 Financial
year to date 0.095 Gold produced (000 ounces) December 2004 1,115.8
September 2004 1,062.9 Financial year to date 2,178.7 Gold sold
(000 ounces) December 2004 1,115.8 September 2004 1,062.9 Financial
year to date 2,178.7 Gold price received (dollars per ounce)
December 2004 431 September 2004 400 Financial year to date 416
Total cash costs (dollars per ounce) December 2004 330 September
2004 325 Financial year to date 327 Total production costs (dollars
per ounce) December 2004 382 September 2004 375 Financial year to
date 378 Operating costs (dollars per ton) December 2004 32
September 2004 33 Financial year to date 33 Financial Results ($
million) Revenue December 2004 480.2 September 2004 425.3 Financial
year to date 905.5 Operating costs December 2004 382.2 September
2004 367.3 Financial year to date 749.5 Gold inventory change
December 2004 (5.5) September 2004 (13.7) Financial year to date
(19.2) Operating profit December 2004 103.5 September 2004 71.7
Financial year to date 175.2 Amortisation of mining assets December
2004 57.7 September 2004 54.2 Financial year to date 111.8 Net
operating profit December 2004 45.8 September 2004 17.5 Financial
year to date 63.3 Other income/(expenses) December 2004 17.2
September 2004 13.9 Financial year to date 31.1 Profit before
taxation December 2004 62.9 September 2004 31.4 Financial year to
date 94.4 Mining and income taxation December 2004 20.3 September
2004 10.5 Financial year to date 30.8 - Normal taxation December
2004 9.8 September 2004 5.9 Financial year to date 15.6 - Deferred
taxation December 2004 10.5 September 2004 4.6 Financial year to
date 15.1 Net profit December 2004 42.6 September 2004 21.0
Financial year to date 63.6 Captial expenditure ($ million)
December 2004 82.2 September 2004 113.5 Financial year to date
195.7 Planned for next six months to June 2005 157.5 US Dollars SA
Operations Total Driefontein Operating Results Ore milled/treated
(000 tons) December 2004 4,013 1,647 September 2004 3,979 1,544
Financial year to date 7,992 3,191 Yield (ounces per ton) December
2004 0.181 0.175 September 2004 0.176 0.184 Financial year to date
0.178 0.179 Gold produced (000 ounces) December 2004 725.9 287.7
September 2004 700.2 283.5 Financial year to date 1,426.1 571.2
Gold sold (000 ounces) December 2004 725.9 287.7 September 2004
700.2 283.5 Financial year to date 1,426.1 571.2 Gold price
received (dollars per ounce) December 2004 430 432 September 2004
401 400 Financial year to date 415 415 Total cash costs (dollars
per ounce) December 2004 366 341 September 2004 358 330 Financial
year to date 362 335 Total production costs (dollars per ounce)
December 2004 407 376 September 2004 398 364 Financial year to date
402 370 Operating costs (dollars per ton) December 2004 69 62
September 2004 66 63 Financial year to date 67 63 Financial Results
($ million) Revenue December 2004 311.7 124.0 September 2004 280.5
113.3 Financial year to date 592.2 237.3 Operating costs December
2004 275.4 102.1 September 2004 261.6 97.8 Financial year to date
537.0 199.8 Gold inventory change December 2004 - - September 2004
- - Financial year to date - - Operating profit December 2004 36.2
21.9 September 2004 18.9 15.5 Financial year to date 55.2 37.5
Amortisation of mining assets December 2004 28.3 9.5 September 2004
26.3 9.2 Financial year to date 54.5 18.7 Net operating profit
December 2004 8.0 12.4 September 2004 (7.3) 6.4 Financial year to
date 0.6 18.7 Other income/(expenses) December 2004 11.8 4.0
September 2004 12.8 4.2 Financial year to date 24.6 8.1 Profit
before taxation December 2004 19.8 16.4 September 2004 5.4 10.5
Financial year to date 25.2 26.9 Mining and income taxation
December 2004 1.9 1.8 September 2004 (0.8) 2.7 Financial year to
date 1.1 4.5 - Normal taxation December 2004 - - September 2004 - -
Financial year to date - - - Deferred taxation December 2004 1.9
1.8 September 2004 (0.8) 2.7 Financial year to date 1.1 4.5 Net
profit December 2004 17.9 14.6 September 2004 6.2 7.8 Financial
year to date 24.2 22.4 Capital expenditure ($ million) December
2004 26.6 6.8 September 2004 23.2 4.8 Financial year to date 49.8
11.6 Planned for next six months to June 2005 69.0 23.0 US Dollars
SA Operations Kloof Beatrix Operating Results Ore milled/treated
(000 tons) December 2004 1,275 1,091 September 2004 1,259 1,176
Financial year to date 2,534 2,267 Yield (ounces per ton) December
2004 0.220 0.144 September 2004 0.212 0.128 Financial year to date
0.216 0.136 Gold produced (000 ounces) December 2004 280.6 157.6
September 2004 266.6 150.1 Financial year to date 547.2 307.7 Gold
sold (000 ounces) December 2004 280.6 157.6 September 2004 266.6
150.1 Financial year to date 547.2 307.7 Gold price received
(dollars per ounce) December 2004 430 429 September 2004 400 403
Financial year to date 415 416 Total cash costs (dollars per ounce)
December 2004 364 413 September 2004 359 410 Financial year to date
362 412 Total production costs (dollars per ounce) December 2004
421 439 September 2004 414 435 Financial year to date 417 436
Operating costs (dollars per ton) December 2004 83 62 September
2004 79 54 Financial year to date 81 58 Financial Results ($
million) Revenue December 2004 120.3 67.4 September 2004 106.6 60.6
Financial year to date 226.9 128.0 Operating costs December 2004
106.0 67.4 September 2004 100.0 63.8 Financial year to date 206.0
131.2 Gold inventory change December 2004 - - September 2004 - -
Financial year to date - - Operating profit December 2004 14.3 0.1
September 2004 6.6 (3.2) Financial year to date 20.9 (3.2)
Amortisation of mining assets December 2004 15.1 3.7 September 2004
13.7 3.4 Financial year to date 28.7 7.1 Net operating profit
December 2004 (0.8) (3.6) September 2004 (7.1) (6.6) Financial year
to date (7.9) (10.2) Other income/(expenses) December 2004 4.6 3.2
September 2004 4.6 4.0 Financial year to date 9.2 7.2 Profit before
taxation December 2004 3.9 (0.4) September 2004 (2.5) (2.6)
Financial year to date 1.4 (3.0) Mining and income taxation
December 2004 0.2 (0.1) September 2004 (2.5) (1.0) Financial year
to date (2.3) (1.1) - Normal taxation December 2004 - - September
2004 - - Financial year to date - - - Deferred taxation December
2004 0.2 (0.1) September 2004 (2.5) (1.0) Financial year to date
(2.3) (1.1) Net profit December 2004 3.7 (0.3) September 2004 -
(1.6) Financial year to date 3.7 (1.9) Capital expenditure ($
million) December 2004 10.3 9.5 September 2004 9.2 9.2 Financial
year to date 19.5 18.7 Planned for next six months to June 2005
17.6 28.4 Average exchange rates are US$1 = R6.12 and US$1 = R6.36
for the December 2004 and September 2004 quarters respectively.
Figures may not add as they are rounded independently. Operating
and Financial Results International Operations US Dollars Total
Operating Results Ore milled/treated (000 tons) December 2004 7,810
September 2004 7,064 Financial year to date 14,874 Yield (ounces
per ton) December 2004 0.050 September 2004 0.051 Financial year to
date 0.051 Gold produced (000 ounces) December 2004 389.9 September
2004 362.7 Financial year to date 752.6 Gold sold (000 ounces)
December 2004 389.9 September 2004 362.7 Financial year to date
752.6 Gold price received (dollars per ounce) December 2004 433
September 2004 399 Financial year to date 416 Total cash costs
(dollars per ounce) December 2004 263 September 2004 262 Financial
year to date 262 Total production costs (dollars per ounce)
December 2004 335 September 2004 331 Financial year to date 333
Operating costs (dollars per ton) December 2004 14 September 2004
15 Financial year to date 14 Financial Results ($ million) Revenue
December 2004 168.5 September 2004 144.8 Financial year to date
313.3 Operating costs December 2004 106.8 September 2004 105.7
Financial year to date 212.5 Gold inventory change December 2004
(5.5) September 2004 (13.7) Financial year to date (19.2) Operating
profit December 2004 67.2 September 2004 52.8 Financial year to
date 120.0 Amortisation of mining assets December 2004 29.4
September 2004 27.9 Financial year to date 57.3 Net operating
profit December 2004 37.8 September 2004 24.9 Financial year to
date 62.7 Other income/(expenses) December 2004 5.3 September 2004
1.2 Financial year to date 6.5 Profit before taxation December 2004
43.1 September 2004 26.0 Financial year to date 69.1 Mining and
income taxation December 2004 18.4 September 2004 11.3 Financial
year to date 29.7 - Normal taxation December 2004 9.8 September
2004 5.9 Financial year to date 15.6 - Deferred taxation December
2004 8.7 September 2004 5.4 Financial year to date 14.1 Net profit
December 2004 24.7 September 2004 14.8 Financial year to date 39.4
Capital expenditure ($ million) December 2004 55.6 September 2004
90.3 Financial year to date 145.9 Planned for next six months to
June 2005 88.5 International Operations Ghana Tarkwa Damang
Operating Results Ore milled/treated (000 tons) December 2004 4,919
1,354 September 2004 4,091 1,342 Financial year to date 9,010 2,696
Yield (ounces per ton) December 2004 0.034 0.049 September 2004
0.031 0.051 Financial year to date 0.032 0.050 Gold produced (000
ounces) December 2004 167.9 66.5 September 2004 124.8 69.1
Financial year to date 292.7 135.5 Gold sold (000 ounces) December
2004 167.9 66.5 September 2004 124.8 69.1 Financial year to date
292.7 135.5 Gold price received (dollars per ounce) December 2004
437 433 September 2004 401 399 Financial year to date 420 415 Total
cash costs (dollars per ounce) December 2004 224 226 September 2004
248 238 Financial year to date 234 232 Total production costs
(dollars per ounce) December 2004 285 249 September 2004 302 262
Financial year to date 292 256 Operating costs (dollars per ton)
December 2004 8 11 September 2004 8 11 Financial year to date 8 11
Financial Results ($ million) Revenue December 2004 72.9 28.7
September 2004 50.0 27.5 Financial year to date 122.9 56.3
Operating costs December 2004 36.9 14.9 September 2004 34.2 15.2
Financial year to date 71.1 30.1 Gold inventory change December
2004 0.5 (0.2) September 2004 (3.1) 0.9 Financial year to date
(2.6) 0.7 Operating profit December 2004 35.4 14.1 September 2004
19.0 11.4 Financial year to date 54.4 25.5 Amortisation of mining
assets December 2004 10.4 1.5 September 2004 6.6 1.6 Financial year
to date 17.0 3.1 Net operating profit December 2004 25.0 12.5
September 2004 12.4 9.8 Financial year to date 37.4 22.3 Other
income/(expenses) December 2004 0.4 - September 2004 0.4 -
Financial year to date 0.8 0.1 Profit before taxation December 2004
25.4 12.6 September 2004 12.8 9.8 Financial year to date 38.2 22.4
Mining and income taxation December 2004 10.4 5.4 September 2004
5.4 3.6 Financial year to date 15.8 8.9 - Normal taxation December
2004 2.8 5.3 September 2004 1.8 2.3 Financial year to date 4.6 7.6
- Deferred taxation December 2004 7.6 - September 2004 3.6 1.3
Financial year to date 11.2 1.3 Net profit December 2004 15.1 7.2
September 2004 7.3 6.3 Financial year to date 22.4 13.5 Capital
expenditure ($ million) December 2004 19.6 3.1 September 2004 30.4
1.6 Financial year to date 50.0 4.7 Planned for next six months to
June 2005 25.4 5.2 International Operations Australia# St Ives
Agnew Operating Results Ore milled/treated (000 tons) December 2004
1,255 282 September 2004 1,354 277 Financial year to date 2,609 559
Yield (ounces per ton) December 2004 0.085 0.174 September 2004
0.091 0.165 Financial year to date 0.088 0.169 Gold produced (000
ounces) December 2004 106.6 49.0 September 2004 123.2 45.7
Financial year to date 229.8 94.7 Gold sold (000 ounces) December
2004 106.6 49.0 September 2004 123.2 45.7 Financial year to date
229.8 94.7 Gold price received (dollars per ounce) December 2004
430 429 September 2004 399 397 Financial year to date 413 413 Total
cash costs (dollars per ounce) December 2004 348 264 September 2004
297 239 Financial year to date 321 252 Total production costs
(dollars per ounce) December 2004 427 September 2004 380 Financial
year to date 402 Operating costs (dollars per ton) December 2004 34
44 September 2004 34 38 Financial year to date 34 41 Financial
Results ($ million) Revenue December 2004 45.9 21.0 September 2004
49.1 18.1 Financial year to date 95.0 39.1 Operating costs December
2004 42.7 12.3 September 2004 45.6 10.7 Financial year to date 88.3
22.9 Gold inventory change December 2004 (6.5) 0.7 September 2004
(11.9) 0.5 Financial year to date (18.5) 1.2 Operating profit
December 2004 9.8 7.9 September 2004 15.4 7.0 Financial year to
date 25.2 14.9 Amortisation of mining assets December 2004 17.4
September 2004 19.7 Financial year to date 37.1 Net operating
profit December 2004 0.3 September 2004 2.7 Financial year to date
2.9 Other income/(expenses) December 2004 4.9 September 2004 0.8
Financial year to date 5.6 Profit before taxation December 2004 5.1
September 2004 3.4 Financial year to date 8.6 Mining and income
taxation December 2004 2.7 September 2004 2.3 Financial year to
date 5.0 - Normal taxation December 2004 1.7 September 2004 1.8
Financial year to date 3.5 - Deferred taxation December 2004 1.1
September 2004 0.5 Financial year to date 1.5 Net profit December
2004 2.4 September 2004 1.2 Financial year to date 3.6 Capital
expenditure ($ million) December 2004 24.7 8.2 September 2004 51.9
6.3 Financial year to date 76.7 14.5 Planned for next six months to
June 2005 30.4 27.4 Australian Dollars Australia# St Ives Agnew
Operating Results Ore milled/treated (000 tons) December 2004 1,255
282 September 2004 1,354 277 Financial year to date 2,609 559 Yield
(ounces per ton) December 2004 0.085 0.174 September 2004 0.091
0.165 Financial year to date 0.088 0.169 Gold produced (000 ounces)
December 2004 106.6 49.0 September 2004 123.2 45.7 Financial year
to date 229.8 94.7 Gold sold (000 ounces) December 2004 106.6 49.0
September 2004 123.2 45.7 Financial year to date 229.8 94.7 Gold
price received (dollars per ounce) December 2004 572 571 September
2004 563 561 Financial year to date 567 567 Total cash costs
(dollars per ounce) December 2004 463 351 September 2004 420 338
Financial year to date 440 345 Total production costs (dollars per
ounce) December 2004 567 September 2004 537 Financial year to date
552 Operating costs (dollars per ton) December 2004 45 58 September
2004 48 54 Financial year to date 46 56 Financial Results ($
million) Revenue December 2004 60.9 28.0 September 2004 69.4 25.6
Financial year to date 130.3 53.6 Operating costs December 2004
56.7 16.4 September 2004 64.5 15.1 Financial year to date 121.1
31.5 Gold inventory change December 2004 (8.5) 1.0 September 2004
(16.9) 0.7 Financial year to date (25.3) 1.7 Operating profit
December 2004 12.7 10.6 September 2004 21.8 9.9 Financial year to
date 34.5 20.5 Amortisation of mining assets December 2004 23.1
September 2004 27.8 Financial year to date 50.9 Net operating
profit December 2004 0.2 September 2004 3.8 Financial year to date
4.0 Other income/(expenses) December 2004 6.6 September 2004 1.1
Financial year to date 7.7 Profit before taxation December 2004 6.9
September 2004 4.9 Financial year to date 11.7 Mining and income
taxation December 2004 3.6 September 2004 3.2 Financial year to
date 6.9 - Normal taxation December 2004 2.2 September 2004 2.5
Financial year to date 4.7 - Deferred taxation December 2004 1.4
September 2004 0.7 Financial year to date 2.1 Net profit December
2004 3.2 September 2004 1.6 Financial year to date 4.9 Capital
expenditure ($ million) December 2004 31.7 10.9 September 2004 73.4
8.9 Financial year to date 105.1 19.8 Planned for next six months
to June 2005 39.7 35.9 Average exchange rates are US$1 = R6.12 and
US$1 = R6.36 for the December 2004 and September 2004 quarters
respectively. The Australian exchange rates were A$4.60 and A$4.50
for the December 2004 and September 2004 quarters respectively. #
As a significant portion of the acquisition price was allocated to
tenements of St Ives and Agnew on endowment ounces and also as
these two Australian operations are entitled to transfer and then
off-set tax losses from one company to another, it is not
meaningful to split the income statement below operating profit.
Figures may not add as they are rounded independently. Underground
and Surface SA Rand and Metric Units Operating Results Total Mine
Operations Ore milled / treated (000 ton) - underground December
2004 3,569 September 2004 3,486 Financial year to date 7,055 -
surface December 2004 8,254 September 2004 7,557 Financial year to
date 15,811 - total December 2004 11,823 September 2004 11,043
Financial year to date 22,866 Yield (grams per ton) - underground
December 2004 7.0 September 2004 6.9 Financial year to date 7.0 -
surface December 2004 1.2 September 2004 1.2 Financial year to date
1.2 - combined December 2004 2.9 September 2004 3.0 Financial year
to date 3.0 Gold produced (kilograms) - underground December 2004
24,910 September 2004 24,212 Financial year to date 49,122 -
surface December 2004 9,795 September 2004 8,848 Financial year to
date 18,643 - total December 2004 34,705 September 2004 33,060
Financial year to date 67,765 Operating costs (Rand per ton) -
underground December 2004 517 September 2004 524 Financial year to
date 521 - surface December 2004 60 September 2004 67 Financial
year to date 64 - total December 2004 198 September 2004 212
Financial year to date 205 SA Operations Operating Results Total
Driefontein Kloof Ore milled / treated (000 ton) - underground
December 2004 2,891 952 923 September 2004 2,869 950 890 Financial
year to date 5,760 1,902 1,813 - surface December 2004 1,122 695
352 September 2004 1,110 594 369 Financial year to date 2,232 1,289
721 - total December 2004 4,013 1,647 1,275 September 2004 3,979
1,544 1,259 Financial year to date 7,992 3,191 2,534 Yield (grams
per ton) - underground December 2004 7.2 8.1 9.2 September 2004 7.1
8.1 9.1 Financial year to date 7.2 8.1 9.1 - surface December 2004
1.5 1.8 0.7 September 2004 1.3 1.8 0.6 Financial year to date 1.4
1.8 0.7 - combined December 2004 5.6 5.4 6.8 September 2004 5.5 5.7
6.6 Financial year to date 5.6 5.6 6.7 Gold produced (kilograms) -
underground December 2004 20,946 7,665 8,475 September 2004 20,371
7,741 8,076 Financial year to date 41,317 15,406 16,551 - surface
December 2004 1,631 1,284 252 September 2004 1,408 1,077 217
Financial year to date 3,039 2,361 469 - total December 2004 22,577
8,949 8,727 September 2004 21,779 8,818 8,293 Financial year to
date 44,356 17,767 17,020 Operating costs (Rand per ton) -
underground December 2004 557 602 678 September 2004 557 618 687
Financial year to date 557 610 683 - surface December 2004 69 75 66
September 2004 58 58 66 Financial year to date 64 67 66 - total
December 2004 420 380 509 September 2004 418 403 505 Financial year
to date 419 391 507 SA Operations International Operating Results
Beatrix Total Ore milled / treated (000 ton) - underground December
2004 1,016 678 September 2004 1,029 617 Financial year to date
2,045 1,295 - surface December 2004 75 7,132 September 2004 147
6,447 Financial year to date 222 13,579 - total December 2004 1,091
7,810 September 2004 1,176 7,064 Financial year to date 2,267
14,874 Yield (grams per ton) - underground December 2004 4.7 5.8
September 2004 4.4 6.2 Financial year to date 4.6 6.0 - surface
December 2004 1.3 1.1 September 2004 0.8 1.2 Financial year to date
0.9 1.1 - combined December 2004 4.5 1.6 September 2004 4.0 1.6
Financial year to date 4.2 1.6 Gold produced (kilograms) -
underground December 2004 4,806 3,964 September 2004 4,554 3,841
Financial year to date 9,360 7,805 - surface December 2004 95 8,164
September 2004 114 7,440 Financial year to date 209 15,604 - total
December 2004 4,901 12,128 September 2004 4,668 11,281 Financial
year to date 9,569 23,409 Operating costs (Rand per ton) -
underground December 2004 404 349 September 2004 389 369 Financial
year to date 396 358 - surface December 2004 36 59 September 2004
39 69 Financial year to date 38 63 - total December 2004 378 84
September 2004 345 95 Financial year to date 361 89 International
Operating Results Ghana Tarkwa Damang Ore milled / treated (000
ton) - underground December 2004 - - September 2004 - - Financial
year to date - - - surface December 2004 4,919 1,354 September 2004
4,091 1,342 Financial year to date 9,010 2,696 - total December
2004 4,919 1,354 September 2004 4,091 1,342 Financial year to date
9,010 2,696 Yield (grams per ton) - underground December 2004 - -
September 2004 - - Financial year to date - - - surface December
2004 1.1 1.5 September 2004 0.9 1.6 Financial year to date 1.0 1.6
- combined December 2004 1.1 1.5 September 2004 0.9 1.6 Financial
year to date 1.0 1.6 Gold produced (kilograms) - underground
December 2004 - - September 2004 - - Financial year to date - - -
surface December 2004 5,221 2,067 September 2004 3,882 2,148
Financial year to date 9,103 4,215 - total December 2004 5,221
2,067 September 2004 3,882 2,148 Financial year to date 9,103 4,215
Operating costs (Rand per ton) - underground December 2004 - -
September 2004 - - Financial year to date - - - surface December
2004 46 67 September 2004 53 72 Financial year to date 49 70 -
total December 2004 46 67 September 2004 53 72 Financial year to
date 49 70 Operating Results Australia St Ives Agnew Ore milled /
treated (000 ton) - underground December 2004 538 140 September
2004 484 133 Financial year to date 1,022 273 - surface December
2004 717 142 September 2004 870 144 Financial year to date 1,587
286 - total December 2004 1,255 282 September 2004 1,354 277
Financial year to date 2,609 559 Yield (grams per ton) -
underground December 2004 4.9 9.6 September 2004 5.4 9.4 Financial
year to date 5.1 9.5 - surface December 2004 1.0 1.2 September 2004
1.4 1.2 Financial year to date 1.2 1.2 - combined December 2004 2.6
5.4 September 2004 2.8 5.1 Financial year to date 2.7 5.3 Gold
produced (kilograms) - underground December 2004 2,617 1,347
September 2004 2,595 1,246 Financial year to date 5,212 2,593 -
surface December 2004 699 177 September 2004 1,236 174 Financial
year to date 1,935 351 - total December 2004 3,316 1,524 September
2004 3,831 1,420 Financial year to date 7,147 2,944 Operating costs
(Rand per ton) - underground December 2004 339 386 September 2004
361 397 Financial year to date 350 391 - surface December 2004 110
151 September 2004 132 104 Financial year to date 122 127 - total
December 2004 208 267 September 2004 214 245 Financial year to date
211 256 Development results Development values represent the actual
results of sampling and no allowance has been made for any
adjustments which may be necessary when estimating ore reserves.
All figures below exclude shaft sinking metres Driefontein December
2004 quarter Carbon Main VCR Reef Leader Advanced (m) 4,938 413
1,357 Advanced on reef (m) 576 59 93 Sampled (m) 519 108 150
Channel width (cm) 108 42 31 Average value - (g/t) 15.2 13.8 37.0 -
(cm.g/t) *1,645 580 **1,152 Driefontein September 2004 quarter
Carbon Main VCR Reef Leader Advanced (m) 5,310 554 1,647 Advanced
on reef (m) 590 154 170 Sampled (m) 549 99 132 Channel width (cm)
88 35 52 Average value - (g/t) 22.0 14.0 41.6 - (cm.g/t) 1,936 484
2,160 Driefontein Year to date F2005 Carbon Main VCR Reef Leader
Advanced (m) 10,248 967 3,004 Advanced on reef (m) 1,166 213 263
Sampled (m) 1,068 207 282 Channel width (cm) 98 39 41 Average value
- (g/t) 18.4 13.8 39.8 - (cm.g/t) 1,795 534 1,624 Kloof December
2004 quarter Reef Kloof Main VCR Advanced (m) 25 1,628 7,468
Advanced on reef (m) 5 190 1,344 Sampled (m) 5 194 1,191 Channel
width (cm) 14 71 91 Average value - (g/t) 30.2 10.3 21.2 - (cm.g/t)
423 730 1,921 Kloof September 2004 quarter Reef Kloof Main VCR
Advanced (m) 56 2,302 6,969 Advanced on reef (m) 46 365 1,256
Sampled (m) 44 363 1,125 Channel width (cm) 126 98 92 Average value
- (g/t) 6.3 8.2 19.3 - (cm.g/t) 790 801 1,777 Kloof Year to date
F2005 Reef Kloof Main VCR Advanced (m) 81 3,390 14,437 Advanced on
reef (m) 51 555 2,600 Sampled (m) 49 557 2,316 Channel width (cm)
115 89 91 Average value - (g/t) 6.6 8.8 20.2 - (cm.g/t) 753 776
1,851 Beatrix December 2004 quarter Reef Beatrix Kalkoenkrans
Advanced (m) 7,703 1,747 Advanced on reef (m) 1,542 417 Sampled (m)
1,332 432 Channel width (cm) 87 118 Average value - (g/t) 13.7 9.3
- (cm.g/t) 1,200 1,103 Beatrix September 2004 quarter Reef Beatrix
Kalkoenkrans Advanced (m) 8,286 1,678 Advanced on reef (m) 2,028
426 Sampled (m) 1,758 429 Channel width (cm) 80 109 Average value -
(g/t) 11.2 13.5 - (cm.g/t) 895 1,472 Beatrix Year to date F2005
Reef Beatrix Kalkoenkrans Advanced (m) 15,989 3,425 Advanced on
reef (m) 3,570 843 Sampled (m) 3.090 861 Channel width (cm) 83 114
Average value - (g/t) 12.4 11.3 - (cm.g/t) 1,026 1,287 *Carbon
Leader: The lower value experienced is due to the development of
lower grade carbon leader reef at 5 shaft on the 48-19 raise and on
the east side of the 'O' line, and at 1 shaft with lower values on
the 40-19 line and in 36-24 line where the reef is not fully
exposed because of the width of reef band. **VCR: The lower value
experienced is the combined effect of anticipated lower grade VCR
exposed and sampled in the synclinal axis area of 5 shaft, and
minimal high grade development in the 4 shaft pillar where focus
switched to waste cutting to overcome geological disturbances.
Values should improve in the March quarter. In the United States,
Gold Fields Limited ("Gold Fields") has filed a
Solicitation/Recommendation Statement with the Securities and
Exchange Commission (the "SEC") on Schedule 14D-9 and holders of
the Gold Fields Ordinary Shares and American Depositary Shares are
advised to read it as it contains important information. Copies of
the Schedule 14D-9 and other related documents filed by Gold Fields
are available free of charge on the SEC's website at
http://www.sec.gov/. Any documents filed by Harmony Gold Mining
Company Limited, including any registration statement on Form F-4
(including any prospectus contained therein) and related exchange
offer materials as well as its Tender Offer Statement on Schedule
TO, will also be available free of charge on the SEC's website.
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. 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; decreases in the market
price of gold; hazards associated with underground and surface gold
mining; labour disruptions; changes in government regulations,
particularly environmental regulations; changes in exchange rates;
currency devaluations; inflation and other macro-economic factors;
and the impact of the AIDS crisis in South Africa. These forward
looking statements speak only as of the date of this document. The
company 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. Gold Fields Limited
Incorporated in the Republic of South Africa Registration number
1968/004880/06 Share code: GFI Issuer code: GOGOF ISIN: ZAE
000018123 Website http://www.goldfields.co.za/
http://www.gold-fields.com/ Directors C M T Thompson = (Chairman) A
J Wright (Deputy Chairman) I D Cockerill * (Chief Executive
Officer) N J Holland * (Chief Financial Officer) G J Gerwel J M
McMahon * G R Parker # R L Pennant-Rea * P J Ryan T M G Sexwale B R
van Rooyen C I von Christierson = Canadian * British # USA
PRNewswire-FirstCall -- Jan. 31 END SECOND AND FINAL ADD
DATASOURCE: Gold Fields Limited
Copyright