Gold Fields publishes Integrated Annual Report for the year ended 31 December 2015
Johannesburg, 31 March 2016 - Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) today published its Integrated Annual Report 2015 and a number of associated reports on its website, namely the Notice to Shareholders of the Annual General Meeting (AGM), the statutory Annual Financial Report 2015, the 2015 Mineral Resource and Mineral Reserve Supplement and the Global Reporting Initiative (GRI) G4 Content Index. The Integrated Annual Report is also being posted to shareholders today.
The Integrated Annual Report and the Annual Financial Report incorporate all aspects of the Group’s business, including reviews of the South African, West African, Australian and South American operations, the Group’s project activities, as well as detailed financial, operational and sustainable development information.
KPMG Inc. have audited the financial statements for the year ended 31 December 2015 included in the Annual Financial Report and their unmodified audit report is open for inspection at the Company’s offices.
These financial statements contain modifications from the preliminary condensed consolidated financial statements for the year ended 31 December 2015 published on 18 February 2016 due to an amendment to the Statement of Financial Position. The amendment arose from a reclassification of US$42 million of debt under a revolving senior credit facility from non-current to current liabilities. Accordingly an abridged report will be published on SENS following this announcement.
The Integrated Annual Report (plus supporting online information), the Notice to Shareholders of the AGM, the Annual Financial Report, the Mineral Resource and Mineral Reserve Supplement and the GRI G4 Content Index are available at www.goldfields.com.
Mineral Resource and Mineral Reserve Supplement 2015
The Gold Fields Mineral Resource and Mineral Reserve Supplement 2015 contains a comprehensive overview of Gold Fields’ Mineral Resource and Mineral Reserve status as well as a detailed breakdown for its operations and projects.
As at 31 December 2015, Gold Fields had attributable gold Mineral Reserves of 46 million ounces and gold Mineral Resources of 102 million ounces (90 million ounces exclusive of projects). In addition, the attributable copper Mineral Reserves totalled 532 million pounds and Mineral Resources 5,912 million pounds (910 million pounds exclusive of growth projects).
Stated figures are net of production depletion. The SAMREC Code compliant Mineral Reserves are based on short term (2016 and 2017) gold and copper prices of US$1,200/oz and US$2.7/lb respectively and long term prices (2018 and thereafter) of US$1,300/oz for gold and US$3.0/lb for copper. Relevant tonnes, grades, classification, reconciliations and Competent Persons are detailed in the Supplement.
Notice of Annual General Meeting
Notice is given to Shareholders of the AGM of the Company to be held at 150 Helen Road, Sandown, Sandton, on Wednesday, 18 May 2016 at 09:00. The AGM will transact the business as stated in the Notice of that meeting, a copy of which can be found with the Integrated Annual Report on the company’s website at www.goldfields.com.
In terms of section 59(1) (b) of the Companies Act, 71 of 2008, the record date for the purpose of determining which shareholders are entitled to participate in and vote at the AGM (being the date on which a shareholder must be registered in the Company’s securities register in order to participate in and vote at the AGM) as Friday, 13 May 2016. Therefore the last day to trade in order to be registered in the Company’s securities register as at the record date is Friday, 6 May 2016.
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