Gold Fields Limited: Damang Reinvestment Plan

JOHANNESBURG, October 24, 2016 /PRNewswire/ --

Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the Reinvestment Plan for the Damang Gold mine in Ghana which will extend the life of mine (LOM) by eight years from 2017 to 2024. The Reinvestment Plan, entails Gold Fields investing US$1.4bn (operating and capital expenditure) over the LOM. It will enhance the Group's presence in one of its key operating regions and will result in significant social benefits for Ghana, including the creation and preservation of 1,850 direct jobs.

For more details, please visit our website at http://www.goldfields.com

Notes to editors  

About Gold Fields      

Gold Fields Limited is an unhedged, globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa with attributable annual gold production of approximately 2.0 million ounces. It has attributable Mineral Reserves of around 46 million ounces and Mineral Resources of around 102 million ounces. Attributable copper Mineral Reserves total 532 million pounds and Mineral Resources 5,912 million pounds. Gold Fields has a primary listing on the JSE Limited, with secondary listings on the New York Stock Exchange (NYSE) and the Swiss Exchange (SWX).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Enquiries 

Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email: [email protected]

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 82 315 2832
Email:[email protected]

Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email:[email protected]

SOURCE Gold Fields Limited, South Africa