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GFIELDS:  26,406   0 (0.00%)  01/01/1970 00:00

GOLD FIELDS LIMITED - Gold Fields clarifies temporary suspension of Chinchilla capture and relocation programme at Salares Norte project

Release Date: 17/05/2024 17:24
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Gold Fields clarifies temporary suspension of Chinchilla capture and relocation programme at Salares Norte project

Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
("Gold Fields" or the "Company")
JSE, NYSE, DIFX Share Code: GFI
ISIN Code:ZAE000018123

GOLD FIELDS CLARIFIES TEMPORARY SUSPENSION OF CHINCHILLA CAPTURE AND
RELOCATION PROGRAMME AT SALARES NORTE PROJECT – NO IMPACT ON CURRENT
PRODUCTION

Gold Fields confirms that its Salares Norte project in Chile has
received an urgent and transitionary measure ("MUT") from Chile's
Superintendence of Environment (the "SMA"). The MUT orders the
immediate suspension of dismantling Rocky Area No 3 (located at the
North waste dump of the mine). This rocky area is one of the areas
that had been identified as a possible location of the chinchillas
present on the Salares Norte property.

The temporary suspension of dismantling Rocky Area No 3 is not
affecting mining activities or production at Salares Norte and
therefore the guidance of 220,000 – 240,000 gold equivalent ounces (eq
oz) for 2024 remains unchanged.

In line with the chinchilla capture and relocation plan approved in
the environmental permit and the compliance programme approved by the
SMA, Rocky Area No 3 had been monitored extensively for the presence
of chinchillas. After the two mandatory monitoring campaigns and two
additional   monitoring   campaigns   (three   months   of   extensive
monitoring), there were only partial records of chinchillas passing
through the area, which gives verifiable evidence of the non-existence
of active chinchilla in Rocky Area No 3. The dismantling process, by
a team of internal and external environmental experts, then commenced
in accordance with the SMA's approved compliance programme.

The SMA has now requested, in the MUT, that Gold Fields ceases the
dismantling of Rocky Area 3 and submit complementary information
consisting of the endoscopic probe search and night camera recordings,
to further ensure the absence of chinchillas in Rocky Area No 3.

The team is compiling the required information, which will be submitted
to the SMA in the next few days for review. Once satisfied, the SMA
can give authorisation to lift the suspension which will allow Salares
Norte to continue with dismantling Rocky Area No 3, under the
parameters established in the compliance programme.

Operations at Salares Norte are continuing unaffected and the team is
working in collaboration with the SMA and independent environmental
experts in carrying out the capture and relocation plan for the
chinchillas.


17 May 2024

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

Investor enquiries:

Jongisa Magagula
Tel: +27 11 562 9775
Mobile: +27 67 419 9503
Email: Jongisa.Magagula@goldfields.com

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com

Media enquiries:

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

Date: 17-05-2024 05:24:00
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