·
To ensure that you benefit directly from the premium share rating typically given
to North American listed gold companies. We have already seen that premium rating come through in the share prices of both Gold Fields and IAMGold (which is now a proxy for Gold Fields International); and
·
To let you benefit from the potential value creation derived from a company that
is staffed and focused towards aggressive growth, that is domiciled at the centre of the international deal flow, has ready access to the international capital markets and the ability to respond rapidly to opportunities as they arise.
The transaction is well thought through, robust and creates an exciting growth vehicle:
·
Gold Fields will fully CONSOLIDATE and CONTROL Gold Fields
International, thereby enabling Gold Fields shareholders to benefit from future growth and value creation. We will have:
o 70% ownership of Gold Fields International
o 7 out of 10 board members
o Gold Fields proven management team
o Top-up rights to mitigate dilution
· Anticipated production of approximately 2 million ounces in 2005 is projected
to increase to approximately 3.5 million gold equivalent ounces in 2007 through our existing organic growth projects and our exciting, high impact and fully funded project pipeline.
· Proven and probable attributable gold reserves of 19.2 million ounces, measured
and indicated resources (including reserves) of 25.9 million ounces, and additional inferred resources of 9.1 million ounces.
· Strong pipeline of near-term development projects and an extensive portfolio of
attractive advanced-stage exploration projects.
· Unhedged production and reserves giving direct and full exposure to the gold
price.
· Geographically diversified asset base including operations and projects in
Australia, West Africa, China, Europe and the Americas.
· Strong balance sheet with anticipated operating cash flow in financial year 2005
of approximately US$251 million (assuming a gold price of US$400 per ounce).
· Experienced management team drawn from Gold Fields Limited and IAMGold
with a well-established international mine development and operating track record.