IN THIS SECTION
Overview

 

Growing Gold Fields

Overview

4
Major resource
development and
feasibility projects
  US$150m
Group exploration
budget for C2011
  18%
Increase in Mineral
Reserves at South
Deep (June 2010 to
December 2010)

“We are discovering new gold at US$10 per resource ounce, considerably lower than the majority of our peers”
Tommy McKeith, Executive Vice President, Exploration, Gold Fields

‘Growing Gold Fields’ does not only mean achieving our goal of 5 million quality ounces in production or development by 2015. It also means pursuing growth in profitable production, earnings and returns to shareholders on a per share basis. Whilst doing so, we are also ‘internationalising’ our production base to establish a truly global presence beyond our historical base in South Africa. This strategy is taking us into new and promising growth environments, where we are able to leverage our expertise and capital to expand our production, as well as our Mineral Resources and Mineral Reserves.

This growth and diversification is based on three key activities:

  • Successful greenfields exploration, both within our established Australasia, South America and West Africa Regions, and in highly prospective locations beyond this in Canada and Kyrgyzstan
  • Leveraging off our large Mineral Resource and Mineral Reserve base through successful near-mine exploration, for example at Damang in Ghana, St Ives in Australia and Cerro Corona in Peru
  • Advancing development at our four resource development and feasibility projects in Finland, Mali, Peru and the Philippines