JOHANNESBURG, South Africa, October 25 /PRNewswire-FirstCall/ -- Gold Fields Limited (NYSE, JSE & DIFX: GFI) today announced earnings for the September 2007 quarter of R429 million compared with R528 million in the June 2007 quarter and R698 million for the September quarter of 2006. In US dollar terms net earnings for the September 2007 quarter were US$60 million compared with US$74 million in the June 2007 quarter and US$98 million for the September quarter of 2006. September 2007 quarter salient features: - Attributable gold production maintained at over 1 million ounces; - Total cash costs increased 7 per cent from R92,273 per kilogram (US$405 per ounce) to R99,227 per kilogram (US$435 per ounce) due to higher labour costs at the South African operations and lower production at St Ives and Tarkwa; - Post quarter end an agreement was reached to sell our stake in Essakane for a consideration of US$200 million and our Venezuelan assets for an indicative amount of US$532 million; - Cerro Corona on track for production of concentrate during the March 2008 quarter. Statement by Ian Cockerill, Chief Executive Officer of Gold Fields: "Gold Fields delivered a steady quarter, with attributable gold production again above one million ounces. Production at the South African operations increased from 685,000 ounces to 689,000 ounces while attributable production at the international operations decreased from 330,000 ounces to 312,000 ounces. Despite known cost pressures due to wage settlements in South Africa and ongoing pressures on input costs throughout the Group, unit costs rose at an unacceptably high 7 per cent quarter on quarter. This was also influenced by the decline in production from both Tarkwa and St. Ives but improved performance from these two mines over the next few quarters should see a reversal in this trend. After the close of the quarter we announced that an agreement had been reached to sell our 60 per cent stake in the Essakane project to Orezone Resources Inc. for US$200 million, as well as an agreement for the sale of our assets in Venezuela to Rusoro Mining Ltd. for an indicative consideration of some US$532 million. This consideration is made up of mainly cash and shares in Rusoro Mining Ltd., the value of which is based on the prevailing share price in Rusoro Mining Ltd. at the time of the announcement. These disposals were made as part of our ongoing strategic evaluation of our capital asset portfolio aimed at maximising its underlying value and do not diminish our commitment to international growth. The proceeds from these sales will be used to create value for shareholders. A range of options are under consideration, including, inter alia, the reduction of debt and the funding of our extensive capital programme." The full results are available on the Gold Fields website: http://www.goldfields.co.za/ DATASOURCE: Gold Fields Limited CONTACT: Enquiries: Nerina Bodasing, Tel +27-11-644-2630, Fax +27-11-484-0639, ; North America, Willie Jacobsz, Tel +27-11-644-2460, Fax +27-11-484-0639,

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