JOHANNESBURG, July 31, 2018 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the completion of the Joint Venture transaction with
Asanko Gold (Asanko), with Gold Fields acquiring a 50% stake in Asanko's 90% interest in the Asanko Gold Mine in Ghana.
Gold Fields is expected to equity account its share in the Joint Venture, with attributable production and costs incorporated
into the Group numbers from completion. Asanko's published guidance for 2019-2023 is average annual production of 253koz (100%
basis).
Gold Fields and Asanko have established various working groups to ensure that the Asanko Gold Mine continues to operate in an
efficient manner.
Nick Holland, CEO, said: "The closing of the transaction with Asanko gives us exposure to a
great camp, with long-life, low-cost production, with significant exploration potential in a country we know well and have
operated in for 25 years."
"The Joint Venture bolsters the Ghana region, with Tarkwa providing the base load production
and Damang providing growth through the reinvestment plan currently underway. We look forward to working closely with our new
partners," he added.
Notes to editors
About Gold Fields
Gold Fields Limited is a globally diversified gold producer with seven operating mines in Australia, Ghana, Peru and South Africa, and a total attributable annual gold-equivalent production of approximately 2.2 million
ounces. It has attributable gold Mineral Reserves of around 49 million ounces and gold Mineral Resources of around 104
million ounces. Attributable copper Mineral Reserves total 764 million pounds and Mineral Resources 4,881 million pounds.
Gold Fields has a primary listing on the Johannesburg Stock Exchange (JSE) Limited, with secondary listings on the New York Stock
Exchange (NYSE) and the Swiss Exchange (SIX).
http://www.goldfields.com
Enquiries
Investors
Avishkar Nagaser
Tel: +27-11-562-9775
Mobile: +27-82-312-8692
Email: Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27-11-562-9849
Mobile: +27-72-493-5170
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email: Sven.Lunsche@goldfields.com
SOURCE Gold Fields Limited