South America Region Cerro Corona Investor Visit Cajamarca, Peru - - PowerPoint PPT Presentation

Investor Visit – Cajamarca, Peru

South America Region – Cerro Corona

Day 2 | 15 November 2011

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. 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

• r 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 environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS crisis in South Africa. These forward looking statements speak only as of the date of this document. The company 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. 2

Safety First

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Cerro Corona: Project Location

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Cerro Corona: Project Location

The Cerro Corona orebody is a copper-

gold porphyry

Cerro Corrona mining operation is

located 1.5km west-northwest of the village of Hualgayoc

600km north-northwest of Lima and 80km

by paved road from Cajamarca

Concentrates are transported 400km to

the Salaverry Port

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Salaverry Port TRC Concentrate warehouse 250 Km

400 km TRC Concentrate Warehouse Salaverry Port Location Map

Key Milestones

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Delivered a world-class project in record time

26 July 2008

• Start-up:
• First rock to plant

Jul - 08 Aug - 08 Sep - 08 2009 Jan - 06 January

• Project acquisition

completed

31 August

• End Transition

from Construction to Operation

30 September 2008

• First shipment

December

• ISO Dec 2009
• OHSAS Jun 2010
• Integrated System Aug 2011

Dec - 08

• Ramp up

completed

Certifications 2009, 2010,2011

• Peru’s safest open

pit operation

2010 2011

Cerro Corona Operation Layout

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Lif of Mine Reserves (December 2010)

Tons (Mt) Gold Grade (g/t) Copper Grade (%) Gold (koz) Copper (Mlb)

Proved 42.2 1.04 0.56 1,405 520 Probable 44.1 0.89 0.46 1,267 444 TOTAL 86.3 0.96 0.51 2,672 965 8

CRUSHING GRINDING FLOTATION

CONCENTRATE 400 t/d (21% Cu, 1oz/t Au)

Tails TAILING DAM

TONNAGE 20K t/d (0.5% Cu, 1g/t Au)

OPEN PIT

Process Flow Sheet

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Utilities

Power

220 MW Power line from Cajamarca Norte to Cerro Corona sub-stations. Cerro Corona consumption: 20 MW

Water

Water for process: Recycling from TMF. Water-balance: Rainfall & Diversion channels

Permitting – Approved in 2010/2011

EIS permitting: 4th Modification. Closure plan: 2nd Modification. Salaverry Port EIS amendment.

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1 1 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11

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

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23 18 16 15 15 8 7 12 13 12 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 3 1 3 2 1 1 1 1 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11

1508 1397 1180 1412 808 1629 1003 565 993 1081

Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11

Lost Time Injuries Medically Treated Injuries Minor Injuries Hazards Reported

Safety Statistics

KPI - Throughput

Throughput (tph)

615 729 777 800 775 775

600 650 700 750 800 2008 2009 2010 2011 YTD Actual (tph) Design (tph)

________________________ Note: 2011 YTD for the 10 months ending October 2011

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KPI – Plant Availability

Plant Availability (%)

________________________ Note: 2011 YTD for the 10 months ending October 2011 80.81 95.42 91.09 95.17 91.32 91.32

80 82 84 86 88 90 92 94 96 98 100 2008 2009 2010 2011 YTD Actual (%) Design (%)

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KPI – Gold Head Grade

Au Head Grade (g/t)

(*)

1.22 1.16 1.24 1.20 1.20 1.08 1.01 1.01

0.95 1.00 1.05 1.10 1.15 1.20 1.25 2008 2009 2010 2011 YTD Actual (g/t) Base Case (g/t)

________________________ Note: 2011 YTD for the 10 months ending October 2011

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KPI – Copper Head Grade

Cu Head Grade (%)

0.74 0.80 0.84 0.74 0.75 0.65 0.63 0.54

0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 2008 2009 2010 2011 YTD Actual (%) Base Case (%)

________________________ Note: 2011 YTD for the 10 months ending October 2011

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KPI – Gold Recovery

Au Recovery (%)

54.0 63.7 64.4 65.2

50 52 54 56 58 60 62 64 66 68 70 2008 2009 2010 2011 YTD Actual (%)

________________________ Note: 2011 YTD for the 10 months ending October 2011

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KPI – Copper Recovery

Cu Recovery (%)

60.9 80.2 82.9 82.7

58 63 68 73 78 83 88 2008 2009 2010 2011 YTD Actual (%)

________________________ Note: 2011 YTD for the 10 months ending October 2011

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KPI – Gold Production

Au produced (oz)

32,937 115,618 127,278 132,420 65,635 119,563 115,030 118,648

30 000 50 000 70 000 90 000 110 000 130 000 150 000 2008 (Aug-Dec) 2009 (Jan-Oct) 2010 (Jan-Oct) 2011 (Jan-Oct) Actual (oz) Base Case (oz)

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KPI – Copper Production

Cu produced (t)

7,007 30,079 35,132 32,206 15,465 26,791 25,954 22,867

5 000 10 000 15 000 20 000 25 000 30 000 35 000 40 000 2008 (Aug-Dec) 2009 (Jan-Oct) 2010 (Jan-Oct) 2011 (Jan-Oct) Actual (t) Base Case (t)

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KPI – Gold Equivalent Production

Equivalent Ounces Produced (oz)

73,977 268,415 341,982 312,395 152,768 274,607 250,922 238,377

60 000 110 000 160 000 210 000 260 000 310 000 360 000 2008 (Aug-Dec) 2009 (Jan-Oct) 2010 (Jan-Oct) 2011 (Jan-Oct) Actual (eq oz)

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KPI – Operating Expenditure

Operating expenditure (2008 – 2011)

38 156 158 123 514 470 388 406 23.2 26.0 25.6 24.7

50 100 150 200 250 300 350 400 450 500 550 20 40 60 80 100 120 140 160 2008 2009 2010 2011 YTD Operating Costs (US$m | LHS)) Operation Cost/Eq ounce (US$/oz | RHS) Operating cost/tonne milled (US$/t | RHS)

________________________ Note: 2011 YTD for the 9 months ending September 2011

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KPI – Captital Expenditure

Capital expenditure (2008 – 2011)

244 85 70 49 3292 257 172 162

400 800 1200 1600 2000 2400 2800 3200 3600 50 100 150 200 250 300 2008 2009 2010 2011 YTD Capex (US$m | LHS) Capex/Eq ounce (US$/oz | RHS)

________________________ Note: 2011 YTD for the 9 months ending September 2011

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Key financial metrics

KPI – NCE & NCE margin | Total Cash Cost & Operating margin

1560 626 532 557 380 361 363 426 43 62 71 72 35 56 61

10 20 30 40 50 60 70 80 200 400 600 800 1000 1200 1400 1600 1800 2008 2009 2010 2011 YTD NCE (US$m | LHS) Total Cash Cost (US$m | LHS) Operating Margin (% | RHS) NCE Margin (% | RHS)

________________________ Note: 2011 YTD for the 9 months ending September 2011

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Optimization Projects

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Optimization program launched Q4 2010

Actual results show a 2%-3% increase in recoveries

Metallurgical task team in place Main projects implemented

Improve reagent dosing and addition RST&CST characterization Expert control system – rougher flotation

Main projects underway

Improve mechanical slurry conditioning Gravimetric concentration Expert control system – cleaning flotation Automatic reagent dosing Pebble crusher Phase II Mine to Mill

Cerro Corona optimization projects underway

0.55 0.75 0.95 1.15 1.35 1.55 1.75 55 60 65 70 75 80 85 90 95 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Grade Recovery % Au Recovery Cu Recovery Au Grade Cu Grade

Recovery and Grades

Cerro Corona: Production Plan (2011-2024)

Ore Life of Mine

Tonnes (millions) 86.3 Au grade (g/t) 0.96 Cu grade (%) 0.51 Au recovery (%) 73.2 Cu recovery (%) 87.9

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Concentrate Life of Mine

Tonnes (‘000) 1,672 Au grade (g/t) 36 Cu grade (%) 23 Au ounces (‘000oz) 1,876 Cu tonnes (‘000t) 369 Au-eq ounces1(‘000) 4,197

____________________________

• 1. Au Price US$1,400/oz; Cu Price US$8,600/t

Direct / indirect employment Community contractors Training programs

Social Development

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Infrastructure Local Employment & Training Sustainable Development Projects

Roads Electrification Communications Health and Safety Potable Water Education Port infrastructure Self-sustaining “Economic circles” Dairy production Blueberries Pork and guinea pig farms Services Forestation

Social Development Role: catalysts of development BUILDING RELATIONSHIPS OF TRUST

Improved pastures

Sustainable Development

Improved pastures Improved cattle Potatoes Colza (bio-diesel)

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Cerro Corona: 5 Year Plan

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Strategic Objectives

Gold Fields’ best

• peration in

2015

To be the best place to work in the industry To be the leader in sustainable gold mining Target production of 500koz Au-Eq Increase reserves to 127Mt from 86Mt Consolidate

• perational

efficiency

Process Plant Optimization Implement Optimization Projects to increase recoveries & throughput Q2 2012 Sulphide plant Expansion Analyze feasibility of sulphide plant expansion Q4 2012 Leach Pad for Oxides Complete feasibility study for leach pad alternative Q4 2012 Consolidate Social stability Secure social stability for the sustainability of operations On going Convert resources to reserves Achieve potential reserve increase of ~40Mt Q1 2013 Talent / People Develop and retain key talent On going

Description Timeline

Optimise Our Operations Grow Gold Fields Secure our Future

Key Strategic Initiatives

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Questions?