Gold Fields Announces Total Attributable Mineral Resources of 251.7 Million Ounces and Ore Reserves of 93.8 Million Ounces
June 06 2007 - 6:15AM
PR Newswire (US)
JOHANNESBURG, South Africa, June 6 /PRNewswire-FirstCall/ -- Gold
Fields Limited ("Gold Fields") (NYSE:GFI; JSE: GFI; DIFX: GFI)
today published its Mineral Resource and Ore Reserve Statement for
the 12 month period to 31 December 2006. Total attributable
precious metal Mineral Resources, inclusive of Ore Reserves,
increased by 40% to 251.7 million ounces and total attributable Ore
Reserves increased by 44% to 93.8 million ounces. Both numbers are
net of 12 months' depletion and include the acquisition of South
Deep gold mine. Ian Cockerill, Chief Executive Officer of Gold
Fields said: "We are pleased to be able to announce such a strong
Resource and Reserve Statement that significantly increases our
overall position, not only replacing the Reserves that we have
mined but also helping to grow Gold Fields and underpin our
strategic focus on securing the future." "Guided by our commitment
to Corporate Governance, the consistency in reporting among our
operating mines and compliance with public and internal regulatory
codes of practice are paramount. The Mineral Resource Management
processes utilised by the Group continue to improve through
enhanced competent persons reporting. Gold Fields' Resource and
Reserve Statement has been audited by a leading independent global
mining consultancy and is SAMREC compliant and aligned to the
requirements of the Sarbanes-Oxley Act." Mineral Resources were
calculated using a gold price of R135,000/kg in South Africa;
A$875/oz in Australia; and US$650/oz in Ghana, Venezuela and Peru.
Ore Reserves were calculated using a gold price of R100,000/kg in
South Africa; A$650/oz in Australia; and US$500/oz in Ghana,
Venezuela and Peru, as per SEC guidelines. The full Mineral
Resource and Ore Reserve declaration Supplement is available on the
Gold Fields website at http://www.goldfields.co.za/ DATASOURCE:
Gold Fields Limited CONTACT: Gold Fields Limited, Reg.
1968/004880/06, 24 St Andrews Road, Parktown, 2193, Postnet Suite
252, Private Bag X30500, Houghton, 2041, South Africa, Tel
+27-11-644-2400, Fax +27-11-484-0639, http://www.goldfields.co.za/;
Enquires, South Africa, Andrew Davidson, Tel: +27-11-644-2403, Fax:
+27-11-484-0639, ; Nerina Bodasing, Tel: +27-11-644-2630, Fax:
+27-11-484-0639,
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