Last updated on April 21, 2014 at 5:04 EDT

Record Quarterly Earnings of R2.1 Billion

November 10, 2011

JOHANNESBURG, November 10, 2011 /PRNewswire/ –

Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today
announced record net earnings for the September quarter of R2,055 million
compared with R1,267 million in the June quarter and earnings of R701
million in the September 2010 quarter. In US dollar terms net earnings for
the September quarter were US$293 million, compared with US$186 million in
the June quarter and earnings of US$95 million in the September 2010

September 2011 quarter salient features:

        - Group attributable equivalent gold production of 900,000
          ounces, 3 per cent higher than the June quarter;
        - Operating margin increased from 47 per cent to 51 per cent and
          NCE margin from 21 per cent to 29 per cent;
        - Loans repaid of US$195 million funded from operating activities;
        - Second down payment of US$66 million made in the Far Southeast
          project in the Philippines, on positive drilling results.

               The full results are available on the Gold Fields website:


Notes to editors

About Gold Fields

Gold Fields is one of the world’s largest unhedged producers of gold
with attributable annualised production of 3.5 million gold equivalent
ounces from eight operating mines in Australia, Ghana, Peru and South
Africa. Gold Fields also has an extensive and diverse global growth pipeline
with four major projects in resource development and feasibility, with
construction decisions expected in the next 18 to 24 months. Gold Fields has
total attributable gold equivalent Mineral Reserves of 76.7 million ounces
and Mineral Resources of 225.4 million ounces. Gold Fields is listed on the
JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ
Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).

Sponsor: J.P. Morgan Equities Limited


        Investor Enquiries
        Zakira Amra
        Tel +27-11-562-9775
        Mobile +27(0)79-694-0267
        email  Zakira.Amra@goldfields.co.za

        Willie Jacobsz
        Tel +508-839-1188
        Mobile +857-241-7127
        email  Willie.Jacobsz@gfexpl.com

        Media Enquiries
        Sven Lunsche
        Tel +27-11-562-9763
        Mobile +27(0)83-260 9279
        email  Sven.Lunsche@goldfields.co.za

SOURCE Gold Fields Limited

Source: PR Newswire