Integrated Annual Review 2012 Annual Financial Report 2012 Mineral Resources and Mineral Reserves Regional overview  

6.2 Expanding our growth pipeline

In 2012, Gold Fields invested US$415 million in exploration and growth, including:

  • Near-mine exploration: US$65 million (2011: US$75 million)
  • Greenfields exploration: US$129 million (2011: US$115 million)
  • Feasibility and evaluation US$44 million (2011: US$17 million)
  • Capital expenditure on growth projects: US$56 million (2011: US$70 million)
  • Mergers and acquisitions: US$121 million (2011: US$1.06 billion)

During 2012, we saw the following net changes to our managed gold Mineral Resources and Mineral Reserves:

  • Mineral Resources rose by 16 million ounces (excluding Sibanye Gold) to 149 million ounces
  • Mineral Reserves fell by 1 million ounces (excluding Sibanye Gold) to 59 million ounces