GOLD FIELDS - Quarter ended 30 September 2011

Total cash cost
Gold Industry Standards Basis

Figures are in South African rand millions unless otherwise stated

		Total Mine Operations	South Africa Region					West Africa Region			South America Region	Australasia Region


								Ghana			Peru	Australia
				Total	KDC	Beatrix	South Deep	Total	Tarkwa	Damang	Cerro Corona	Total	St Ives	Agnew
				Total	KDC	Beatrix	South Deep	Total	Tarkwa	Damang	Cerro Corona	Total	St Ives	Agnew
Operating costs⁽¹⁾	Sept 2011	(5,450.4)		(3,131.1)	(1,952.4)	(628.3)	(550.4)	(1,010.3)	(771.4)	(238.9)	(289.6)	(1,019.4)	(752.1)	(267.3)
	June 2011	(5,250.7)		(3,074.0)	(1,915.4)	(625.2)	(533.4)	(957.0)	(735.5)	(221.5)	(254.7)	(965.0)	(734.9)	(230.1)
	Year to date	(15,660.1)		(8,987.8)	(5,588.7)	(1,802.9)	(1,596.2)	(2,978.7)	(2,242.6)	(736.1)	(832.4)	(2,861.2)	(2,162.0)	(699.2)
Gold-in-process and	Sept 2011	34.1		-	-	-	-	58.3	42.6	15.7	0.2	(24.4)	(28.8)	4.4
inventory change*	June 2011	114.7		-	-	-	-	107.1	115.7	(8.6)	8.9	(1.3)	(3.9)	2.6
	Year to date	224.4		-	-	-	-	298.8	288.8	10.0	(2.5)	(71.9)	(77.0)	5.1
Less:	Sept 2011	(26.4)		(17.2)	(12.4)	(3.5)	(1.3)	(3.7)	(3.2)	(0.5)	(0.9)	(4.6)	(3.7)	(0.9)
Rehabilitation costs	June 2011	(27.3)		(17.3)	(12.4)	(3.6)	(1.3)	(4.8)	(4.2)	(0.6)	(0.8)	(4.4)	(3.5)	(0.9)
	Year to date	(77.8)		(51.8)	(37.2)	(10.7)	(3.9)	(10.1)	(8.5)	(1.6)	(2.6)	(13.3)	(10.7)	(2.6)
General and admin	Sept 2011	(160.4)		(53.3)	(36.8)	(8.0)	(8.5)	(70.5)	(64.2)	(6.3)	(4.3)	(32.3)	(19.1)	(13.2)
	June 2011	(119.0)		(39.8)	(28.3)	(5.3)	(6.2)	(61.0)	(54.5)	(6.5)	5.2	(23.4)	(15.3)	(8.1)
	Year to date	(456.0)		(161.1)	(111.4)	(24.9)	(24.8)	(193.1)	(173.5)	(19.6)	(14.7)	(87.1)	(54.6)	(32.5)
Plus:	Sept 2011	(304.7)		(80.7)	(71.5)	(5.3)	(3.9)	(141.1)	(108.3)	(32.8)	(30.7)	(52.2)	(34.7)	(17.5)
Royalties	June 2011	(236.4)		(42.3)	(33.3)	(5.1)	(3.9)	(122.1)	(93.1)	(29.0)	(30.4)	(41.6)	(28.0)	(13.6)
	Year to date	(705.7)		(158.3)	(132.9)	(14.0)	(11.4)	(333.7)	(255.3)	(78.4)	(81.0)	(132.7)	(92.3)	(40.4)
TOTAL CASH COST⁽²⁾	Sept 2011	(5,534.2)		(3,141.3)	(1,974.7)	(622.1)	(544.5)	(1,018.9)	(769.7)	(249.2)	(314.9)	(1,059.1)	(792.8)	(266.3)
	June 2011	(5,226.1)		(3,059.2)	(1,908.0)	(621.4)	(529.8)	(906.2)	(654.2)	(252.0)	(280.6)	(980.1)	(748.0)	(232.1)
	Year to date	(15,607.6)		(8,933.2)	(5,573.0)	(1,781.3)	(1,578.9)	(2,810.4)	(2,027.1)	(783.3)	(898.6)	(2,965.4)	(2,266.0)	(699.4)
Plus:	Sept 2011	(1,327.4)		(679.8)	(410.1)	(127.4)	(142.3)	(228.4)	(176.8)	(51.6)	(102.3)	(316.9)
Amortisation*	June 2011	(1,229.2)		(665.9)	(401.1)	(139.0)	(125.8)	(186.9)	(150.4)	(36.5)	(115.2)	(261.2)
	Year to date	(3,754.8)		(1,994.6)	(1,224.2)	(364.0)	(406.4)	(610.5)	(479.0)	(131.5)	(320.1)	(829.6)
Rehabilitation	Sept 2011	(26.4)		(17.2)	(12.4)	(3.5)	(1.3)	(3.7)	(3.2)	(0.5)	(0.9)	(4.6)
	June 2011	(27.3)		(17.3)	(12.4)	(3.6)	(1.3)	(4.8)	(4.2)	(0.6)	(0.8)	(4.4)
	Year to date	(77.8)		(51.8)	(37.2)	(10.7)	(3.9)	(10.1)	(8.5)	(1.6)	(2.6)	(13.3)
TOTAL PRODUCTION	Sept 2011	(6,888.0)		(3,838.3)	(2,397.2)	(753.0)	(688.1)	(1,251.0)	(949.7)	(301.3)	(418.1)	(1,380.6)
COST⁽³⁾	June 2011	(6,482.6)		(3,742.4)	(2,321.5)	(764.0)	(656.9)	(1,097.9)	(808.8)	(289.1)	(396.6)	(1,245.7)
	Year to date	(19,440.2)		(10,979.6)	(6,834.4)	(2,156.0)	(1,989.2)	(3,431.0)	(2,514.6)	(916.4)	(1,221.3)	(3,808.3)
Gold sold	Sept 2011	921.9		428.3	279.2	84.7	64.4	234.4	180.0	54.3	90.5	168.7	115.0	53.7
– thousand ounces	June 2011	944.3		446.5	272.5	98.0	76.1	237.2	180.8	56.3	101.5	159.1	108.7	50.4
	Year to date	2,791.4		1,286.0	814.3	257.1	214.4	715.0	546.9	168.1	304.2	486.2	344.1	142.0
TOTAL CASH COST	Sept 2011	851		1,040	1,003	1,041	1,199	617	606	651	494	891	978	704
– US$/oz	June 2011	816		1,010	1,033	935	1,027	564	534	660	408	909	1,015	679
	Year to date	806		1,001	986	998	1,061	566	534	671	426	879	949	709
TOTAL CASH COST	Sept 2011	192,997		235,780	227,395	236,002	271,842	139,797	137,446	147,456	111,865	201,849	221,638	159,461
– R/kg	June 2011	177,934		220,261	225,133	203,871	223,922	122,841	116,302	143,836	88,882	198,080	221,367	147,929
	Year to date	179,768		223,352	220,033	222,718	236,717	126,361	119,157	149,799	94,959	196,111	211,716	158,307
TOTAL PRODUCTION	Sept 2011	1,060		1,271	1,218	1,260	1,516	757	748	787	655	1,161
COST – US$/oz	June 2011	1,013		1,236	1,257	1,150	1,274	683	660	757	576	1,155
	Year to date	1,004		1,230	1,209	1,208	1,337	691	662	785	578	1,129
TOTAL PRODUCTION	Sept 2011	240,210		288,096	279,048	285,660	343,535	171,605	169,589	178,284	148,526	263,126
COST – R/kg	June 2011	220,714		269,451	273,923	250,656	277,642	148,827	143,787	165,011	125,626	251,758
	Year to date	223,911		274,517	269,836	269,567	298,231	154,265	147,813	175,253	129,061	251,856

DEFINITIONS
Total cash cost and Total production cost are calculated in accordance with the Gold Institute Industry standard.
⁽¹⁾ Operating costs – All gold mining related costs before amortisation/depreciation, changes in gold inventory, taxation and non-recurring items.
^{(2 )}Total cash cost – Operating costs less off-mine costs, which include general and administration costs, as detailed in the table above.
^{(3 )}Total production cost – Total cash cost plus amortisation/depreciation and rehabilitation provisions, as detailed in the table above.
* Adjusted for amortisation/depreciation (non-cash item) excluded from gold-in-process change.
Average exchange rates were US$1 = R7.05 and US$1 = R6.78 for the September 2011 and June 2011 quarters respectively.