M E D I A
R E L E A S E
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Dir +27 11 644-2460
Fax +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
williej@goldfields.co.za
Gold Fields Completes Purchase of Cerro Corona
Project In Peru
Johannesburg, January 12, 2006: Gold Fields Limited (Gold Fields)
(NYSE and JSE: GFI) is pleased to announce that it has completed
the acquisition of the Cerro Corona Project in Northern Peru.
Completion of this acquisition means that Gold Fields now owns 92%
of the voting interest (80.7% of the economic interest) in Sociedad
Minera La Cima SA, which owns the Cerro Corona Project and other
mineral properties in the Cajamarca district.
Construction of the Project is expected to commence in February
2006, leading to first production towards the end of calendar 2007.
Nerina Bodasing
Tel +27 11 644-2630
Fax +27 11 484-0639
Nerina.Bodasing@goldfields.co.za
The Project involves the development of a 91 million ton gold/copper
porphyry deposit at a capital cost of US$277 million. The project has
reserves of some 2.9 million ounces of gold and 480,000 tons of
copper, or approximately 5.4 million ounces of gold equivalent.
The Project is expected to produce approximately 2.3 million ounces
of gold and 412,000 tons of copper over its 15-year life, averaging
some 300,000 ounces per year of gold equivalent. However,
production in the initial years of the project will be closer to 400,000
ounces per year.
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
camartin@gfexpl.com
The Cerro Corona deposit is located within a well-endowed
mineralised trend in the Hualgayoc mining district, about 35 kilometres
north of the well known Yanacocha mine and approximately 90
kilometres by road north of the Departmental capital of Cajamarca in
the western Cordillera of the Andes Mountains.
Gold Fields is one of the world’s largest unhedged gold producers,
with annual gold production of approximately 4.2 million ounces from
mines in South Africa, Ghana and Australia as well as a developing
mine at Cerro Corona in Peru. The Company has reserves of 64.8
million ounces and mineral resources of 174.5 million ounces. Gold
Fields has its primary listing on the Johannesburg Securities
Exchange and secondary listings on the NYSE, LSE, Euronext in Paris
and Brussels, and on the Swiss Exchange. All of Gold Fields’
operations are ISO 14001 certified.
-ends-
Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, G J Gerwel, A Grigorian°, N J Holland
†
(Chief Financial
Officer), J M McMahon
†
, R L Pennant-Rea
†
, P J Ryan, M A Sosnovski°, S Stefanovich°,T M G Sexwale, C I von Christierson
†
British,
#
Ghanaian, °Russian
Corporate Secretary: C Farrel