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Positioning Gold Fields For Continued Success DIGGERS AND DEALERS MINING FORUM 1 August 2016 KELLY CARTER VICE PRESIDENT: LEGAL AND COMPLIANCE, AUSTRALIA

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Page 1: Positioning Gold Fields For Continued Successdiggersndealers.com.au/wp-content/uploads/2016/08/diggers-and... · Positioning Gold Fields For Continued Success | Kelly Carter –Vice

Positioning Gold Fields For Continued SuccessDIGGERS AND DEALERS MINING FORUM

1 August 2016KELLY CARTER – VICE PRESIDENT: LEGAL AND COMPLIANCE, AUSTRALIA

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Forward looking statements

Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of

1933 and Section 21E of the US Securities Exchange Act of 1934.

In particular, the forward looking statements in this document include among others those relating to the Damang Exploration Target

Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest

rate expectations; exploration and production costs; levels of expected production; Gold Fields’ growth pipeline; levels and expected

benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost

efficiencies and savings to be achieved. Such forward looking statements involve known and unknown risks, uncertainties and other

important factors that could cause the actual results, performance or achievements of the company to be materially different from the future

results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other

important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere;

the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and

development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining;

labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and

environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the

availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial

action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other occupational

health risks experienced by Gold Fields’ employees.

These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or

release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the

occurrence of unanticipated events.

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

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Overview

● Overview of the Gold Fields group

● Consistent delivery from our operations

● Commitment to the future:

deliver an efficient, aggressive and accountable exploration programme

create and embed an authentic safety culture

harness the ‘untapped resource’

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Positioning Gold Fields for continued success

Continuing our strong performance into the future

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Snapshot of Gold Fields

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

A global gold producer

● World’s 7th largest gold producer, with 8 operations in 4 countries

● In 2015, the company produced 2.2Moz (attributable) at AISC of US$1,007/oz and AIC of US$1,026/oz, generating net cash flow of US$123m

● As at 31 December 2015, Gold Fields had total attributable mineral resources of 102.2Moz and mineral reserves of 46.1Moz

As at 28 July 2016

Share price (JSE/ADR) R88.29/$6.23

Market capitalisation ($m) 5,118

Enterprise value ($m) 6,318

Average daily value traded ($m) 29.2

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Australia Region Performance

A key region for the Group

US

$/o

z

Ko

z

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

0

200

400

600

800

1000

1200

1400

0

50

100

150

200

250

300

350

400

2014 2015 2016F 2014 2015 2016F 2014 2015 2016F 2014 2015 2016F

St Ives Agnew/Lawlers Darlot Granny Smith

Production AIC

Tonnes

(Mt)

Grade

(g/t)

Gold

(Moz)

Resources 62.4 5.00 11.3

Reserves 26.3 4.28 3.6

2015 2016F

Production (koz) 988 900

AISC (US$/oz) 912 970

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Efficient, Aggressive and Accountable Exploration

●Baseline spend of A$92M in 2015

●75%+ of spend in the ground

●31% of all gold exploration expenditure in Australia

●A$90-100M per annum commitment for next 3-5 years

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Exploration overview

Significant ongoing commitment to exploration in the region

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Granny Smith: Wallaby

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Wallaby Underground – continues to grow

Resources and reserves continue to grow

Zone 150

Zone 140

Z135

Zone 110/120

Zone 100

Zone 90

Zone 80

Zone 70Present

mining

Zone 60250 lode

North

View West

Zone 140

1.82m @ 10.19g/t

1.5m @ 7.23g/t

3.60m @ 3.89g/t

Zone 150

8.96m @ 19.98g/t

Zone 135/135HW

9.95m @ 4.04g/t

8.40m @ 7.07g/t

Zone 130

Low grade within

intrusive

Zone 125

15.03m @

12.22g/t

N

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Granny Smith: Northern Fleet – Lake based exploration

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Northern Fleet

View south across Wallaby open

pit and Lake Carey toward

Northern Fleet

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St Ives

Areas Being Explored

● Invincible and Invincible South

● Incredible

● Retribution

● Palaeochannel Project

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Invincible &

Invincible South

Incredible

Palaeochannel

Project

Retribution

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EM Survey – 400m

spaced lines

Neptune

EM Test

Drilling

80X20 drilling

All assays returned

Modelling in progress

Argo North Ext

APN

EM Survey – 400m

spaced lines

Neptune

Argo North

N

APN

Argo

Hole ID From (m) Length (m) Grade Au g/t Comment

CD18999 63 5 15.0 Supergene

WPD3897 61 10 5.5 Supergene

CD19089 65 1 32.0 Palaeochannel

TD13177 52 1 30.3 Palaeochannel

CD19106 62 1 29.8 Palaeochannel

TD13160 65 1 23.1 Palaeochannel

CD19119 63 1 23.0 Palaeochannel

WPD3893 61 1 22.4 Palaeochannel

TD13163 61 1 22.3 Palaeochannel

CD19149 62 2 9.9 Palaeochannel

TD13125 58 5 4.8 Palaeochannel

CD19092 61 3 6 Palaeochannel

CD19023 63 5 3.3 Palaeochannel

CD19089 64 4 8.5 Palaeochannel

CD19119 61 3 11.1 Palaeochannel

St Ives: Palaeochannel Project

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

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Q2 2016

Agnew – Waroonga North

Waroonga –

GNH Complex

Lawlers / Great Eastern

Eastern Limb

EMSD1374W3 780.66-785.36 m

4.7 m @ 33.16 g/t AuStrong results continuing from exploration

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

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Metzke

Burswood

Moses

Dacent

CDA Oval Extensional &

Resource conversion project

Darlot: CDA Oval Extension

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Moses -(CDRCD0023) -0.3 m @ 94.0 g/t gold from 126.4 m

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VB

Fit for purpose,

simple and consistent systems

Behaviour Based

Programme

Injury Prevention Strategy

Visible Felt Leadership

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Creating an Authentic Safety Culture

“If we cannot mine safely, we will not mine”

●350 workshop sessions – 94% workforce

●Appointed opinion leaders across the

organisation

●Trained 543 supervisors and leaders in

Visible Felt Leadership

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14Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Creating an Authentic Safety Culture

12

14

16

18

20

22

24

26

28

Gold Fields Australia TRIFR 12 Month Moving Average: 2012 - 2016

2012 2016

“If we cannot mine safely, we will not mine”

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The ‘untapped resource’

● 3.5%* of CEOs of ASX 500 companies and 27.4% of key management

personnel are women

● WA – half national average of female directors, less than half female

CEO’s*

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Creating a diverse and inclusive workplace – the start of a journey

*Fitzsimmons, T.W., & Callan, V.J. (2015) Filling the Pool. Perth: The Committee for Perth.

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The ‘untapped resource’

“The diversity of our management team has contributed

towards a culture that includes an exceptionally strong focus on

safety, wellbeing, Gold Fields’ values, and the ability to hold

courageous conversations. This is caring about our people and

finding meaning in what we do”Andrew Bywater, General Manager, Darlot gold mining operations

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Creating a diverse and inclusive culture

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Conclusion

● Reliable and consistent producer – delivering against plan

● Substantial commitment to ongoing exploration – getting significant results

● Continued improvement in safety and sustainability performance –

exceeding targets

● Harnessing the untapped diversity opportunity

Positioning Gold Fields For Continued Success | Kelly Carter – Vice President: Legal and Compliance | 1 August 2016

Positioning Gold Fields for continued success

Gold Fields Australia – a golden future

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Investor Relations Contacts

Avishkar Nagaser

Tel: +27 11 562 9775

Mobile: +27 82 312 8692

E-mail:

[email protected]

Francie Whitley

Tel: +27 11 562 9712

Mobile: +27 82 321 7433

E-mail:

[email protected]

Thomas Mengel

Tel: +27 11 562 9849

Mobile: +27 82 315 2832

E-mail:

[email protected]