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Last $3.41 USD
Change Today -0.05 / -1.45%
Volume 2.0M
GFI On Other Exchanges
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As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

150 Helen Road

Sandown

Sandton, 2196

South Africa

Phone: 27 11 562 9700

Fax: 27 11 562 9838

Gold Fields Limited is engaged in exploration, extraction, processing, and smelting of gold. The company holds gold reserves in South Africa, Ghana, Australia, and Peru. In Peru, the company also produces copper. The company also has an interest in a platinum group metal (and associated by-product metals) exploration project in Finland. Its South African operation is South Deep. The company also owns the Yilgarn South Assets in Australia and has a 90.0% interest in each of the Tarkwa gold mine and the Damang gold mine in Ghana. It also owns a 99.53% economic interest in the Cerro Corona mine. In addition, the company has gold and other precious metal exploration activities and interests in Africa, Eurasia, Australasia, and the Americas. As of December 31, 2013, the company had attributable proven and probable gold and copper reserves of approximately 48.6 million ounces of gold and 708 million pounds of copper. Mining Operations The company has eight producing mines located in South Africa, Ghana, Australia, and Peru. South African Operations South Deep Mine: South Deep is situated 45 kilometers south-west of Johannesburg, in the Gauteng Province of South Africa. South Deep is engaged in underground mining and comprises one metallurgical plant and two operating shaft systems, the older South Shaft complex and the newer Twin Shaft complex. The South Shaft complex includes a main shaft and three sub-vertical (SV) shafts, two of which are operational. The Twin Shaft complex consists of a single-barrel main shaft for hoisting personnel, rock materials and an adjacent bratticed ventilation shaft, used for both drawing used air and hoisting rock. West Africa Operations The West Africa operations (including the Ghana operations) comprise the Tarkwa and Damang gold mines in Ghana and the Yanfolila project in Mali. Gold Fields Ghana, which holds the interest in the Tarkwa mine, is owned 71.1% by the company, 18.9% by IAMGold, and 10.0% by the government of Ghana. Abosso, which owns the interest in the Damang mine, is owned 71.1% by the company, 18.9% by IAMGold, and 10% by the Ghanaian government, mirroring the shareholding structure of Gold Fields Ghana. Tarkwa Mine: The Tarkwa mine is located in southwestern Ghana, approximately 300 kilometers by road west of Accra. The Tarkwa mine consists of various open pit operations on the original Tarkwa property and the adjacent southern portion of the property. The Tarkwa mine operates under mining leases with a total area of approximately 20,800 hectares. Damang Mine: The Damang deposits are located in the Wassa West District in southwestern Ghana approximately 330 kilometers by road west of Accra and approximately 30 kilometers by road northeast of the Tarkwa mine. The mine exploits hydrothermal in addition to Witwatersrand-style palaeoplacer gold. The Damang mine consists of an open pit operation with a SAG and ball mill and CIL processing plant. Damang operates under a mining lease with a total area of approximately 8,100 hectares. Talas Copper-Gold Project: In northwestern Kyrgyzstan, the company owned a 100% interest in the Talas Copper-Gold Project. The Talas Copper-Gold Project covered four exploration licenses, which are prospective for copper-gold porphyry deposits. Arctic Platinum Project: APP is located approximately 60 kilometers south of the city of Rovaniemi in northern Finland. Yanfolila Project: In southwestern Mali, the company owns an interest in the Yanfolila gold project. Australasia Operations St. Ives: St. Ives is located 80 kilometers south of Kalgoorlie and 20 kilometers south of Kambalda, straddling Lake Lefroy in Western Australia. It holds exploration licenses, prospecting licenses and mining leases covering a total area of approximately 97,700 hectares. The gold deposits of St. Ives are located at the southern end of the Norseman-Wiluna greenstone belt of the West Australian Goldfields Province. Agnew/Lawlers: Agnew is located 23 kilometers west of Leinster, approximately 375 kilometers north of Kalgoorlie and 630 kilometers northwest of Perth, Western Australia. Together, Agnew and Lawlers hold exploration lice

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