Introduction
Aim of this report
This report provides key technical information on the Gold Fields (Group) Mineral Resource and Mineral Reserve statement to supplement the information summarised in the Integrated Annual Report and it is available on the company website at www.goldfields.com. This supplement is set out to provide relevant details on the Group's Mineral Resources and Mineral Reserves covering all business regions, operating mines and growth projects as at 31 December 2017. In addition to providing transparent and compliant information in accordance with the SAMREC Code, 2016 edition (SAMREC Code), this supplement highlights issues viewed as material to the reporting of Mineral Resources and Mineral Reserves per mining asset and growth project.
Headline numbers – Group overview December 2017
2017 has again seen the Group's strategy deliver a strong Mineral Resource and Mineral Reserve position net of 2.2Moz gold produced and the divestment of Darlot in Australia and the Arctic Platinum Project (APP) in Finland. The robustness of the Mineral Resources and Mineral Reserves is testimony to the quality of the assets in the portfolio and is the result of a rigorous annual planning process that enforces a strong linkage between strategic, business and life-of-mine (LoM) planning that underpins alignment with Group objectives.
31 DECEMBER 2017 |
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| Gold Mineral Resources | Copper Mineral Resources | |||
| MANAGED 123.1Moz |
ATTRIBUTABLE 103.8Moz |
MANAGED 10,838Mlb |
ATTRIBUTABLE 4,881Mlb |
|
| Gold Mineral Reserves | Copper Mineral Reserves | |||
| 53.1Moz | 49.0Moz | 767Mlb | 764Mlb | |
| - | Group total figures for 2017, inclusive of projects, are net of production depletion |
| - | The gold and copper prices used for the December 2017 Mineral Resources were US$1,400/oz and US$3.2/lb and for the Mineral Reserves US$1,200/oz and for copper a sliding scale from short to long-term of US$2.5/lb to US$2.8/lb were used |
| - | Measured and Indicated Mineral Resources are reported inclusive of those Mineral Resources modified to produce Mineral Reserves |
| GFI – managed Mineral Resource reconciliation (Gold – Moz) |
GFI – managed Mineral Reserve reconciliation (Gold – Moz) |
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| GFI – managed* Mineral Resource reconciliation (Copper – MIbs) |
GFI – managed* Mineral Reserve reconciliation (Copper – MIbs) |
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* Excludes FSE project.