GFI - Gold Fields Limited - Media Release

GFI - Gold Fields Limited - Media Release                                       
Gold Fields Limited                                                             
(Reg. No. 1968/004880/06)                                                       
(Incorporated in the Republic of South Africa)                                  
Share Code:  GFI                                                                
ISIN Code:  ZAE000018123                                                        
MEDIA RELEASE                                                                   
Q1 2011 PRODUCTION IN LINE WITH GUIDANCE                                        
Johannesburg, 8 April 2011: Gold Fields Limited (Gold Fields) (JSE, NYSE,       
NASDAQ Dubai: GFI) today announced that attributable Group production for       
the March quarter (Q1 2011) is expected to be approximately 830,000oz,          
which is 5% higher than for the corresponding quarter a year ago                
(793,000oz). As expected production is lower than that achieved in the          
previous quarter (900,000 ounces), almost entirely due to the customary         
Christmas break in South Africa, when all mines close for two weeks.            
The guidance of between 3.5 and 3.7 million ounces for the full year            
2011, provided on 18 February 2011, takes account of the seasonal decline       
in production in South Africa which typically affects the March quarter.        
The higher year-on-year quarterly production is due to improvements at          
both the South African and international operations.                            
Total cash costs and notional cash expenditure (NCE) are expected to be         
approximately US$750/oz and US$1,090/oz respectively, and the NCE margin        
for the Group is expected to be approximately 21%.                              
This guidance is based on exchange rates of ZAR/US$6.98 and A$/US$0.99          
for Q1 2011.                                                                    
The full results for Q1 2011 will be published on Thursday, 19 May 2011.        
ends                                                                            
Notes to editors                                                                
About Gold Fields                                                               
Gold Fields is the world`s fourth largest gold producer with attributable       
production of 3.6 million gold equivalent ounces per annum from nine            
operating mines in Australia, Ghana, Peru and South Africa. Gold Fields         
also has an extensive and diverse global growth pipeline with four major        
projects at various stages of development. Gold Fields has total                
attributable gold equivalent Mineral Reserves of 77 million ounces and          
Mineral Resources of 225 million ounces. Gold Fields is listed on the JSE       
Limited (primary listing), the New York Stock Exchange (NYSE), the NASDAQ       
Dubai Limited, the Euronext in Brussels (NYX) and the Swiss Exchange            
(SWX).                                                                          
Sponsor: J.P. Morgan Equities Limited                                           
Date: 08/04/2011 08:09:02 Supplied by www.sharenet.co.za                     
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