GOLD FIELDS LIMITED - Salares Norte Receives Environmental Approval

Salares Norte Receives Environmental Approval

Gold Fields Limited
Incorporated in the Republic of South Africa
Registration number 1968/004880/06
Share code: GFI
Issuer code: GOGOF
ISIN-ZAE000018123


MEDIA RELEASE

SALARES NORTE RECEIVES ENVIRONMENTAL APPROVAL

Santiago de Chile, 18 December 2019: Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) is pleased to announce that the Atacama
Environmental Assessment Commission today approved the
environmental impact study for its Salares Norte project in Chile.

The environmental approval for the project is a crucial step for Gold
Fields as it evaluates a construction decision. “The company will now
formulate a funding plan, update the feasibility study completed earlier
this year and proceed to a construction decision during H1 2020,” says
Nick Holland, CEO of Gold Fields.

The potential mine would present a boost for the regional economy
with respect to job creation, procurement of goods and services as
well as payments of taxes and royalties. It is estimated that about
2,700 jobs would be created during construction of the mine, which –
if given the go-ahead by Gold Fields – would be completed by end-
2022. About 900 workers would be employed once the mine is
operational.

Operational parameters for Salares Norte
The Salares Norte project is located in the Diego de Almagro
municipality in the Atacama Region in northern Chile, at between
3,900m and 4,700m above sea level.

Key findings of the feasibility study, announced in February 2019,
were:
   • Capital cost of US$834m for construction
   • A maiden Mineral Reserve of 3.5Moz of gold and 39Moz of
       silver was declared in December 2018. The gold-equivalent
       Mineral Reserve is 4.0Moz.
   • Initial 12-year life-of-mine
   • Annual throughput of 2Mt of ore
   • Life-of-mine production of 3.7Moz gold-equivalent
   • Average annual production of 450koz gold equivalent for the first seven years at AISC of
          US$465/oz




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

Group - Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.com

Chile – Constanza Pantaleon
Tel: + 56 2 2352 6417
Mobile: +56 9 9318 2013
Email: Constanza.Pantaleon@goldfields.com

                                                                   ends

Notes to editors

About Gold Fields

Gold Fields Limited is a globally diversified gold producer with nine operating mines (including our Asanko Joint Venture) and one project in
Australia, Chile, Ghana, Peru and South Africa, with total attributable annual gold-equivalent production of approximately 2Moz. It has
attributable gold Mineral Reserves of around 48.1Moz and gold Mineral Resources of around 96.6Moz. Attributable copper Mineral Reserves
total 691 million pounds and Mineral Resources 4,816 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).

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

Date: 18-12-2019 03:54:00
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