Cerro Corona Info

Investor Visit – Cajamarca, Peru South America Region – Cerro Corona

Day 2 | 15 November 2011

Forward Looking Statements

Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US

Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934.

Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause

the actual results, performance or achievements of the company to be materially different from the future results, performance

or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important

factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and

elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions,

exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with

underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in

government regulations, particularly environmental regulations; and new legislation affecting mining and mineral rights;

changes in exchange rates; currency devaluations; inflation and other macro-economic factors, industrial action, temporary

stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS crisis in South Africa. These

forward looking statements speak only as of the date of this document.

The company undertakes no obligation to update publicly or release any revisions to these forward looking statements to

reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.

2

Safety First

3

Cerro Corona: Project Location

4

Cerro Corona: Project Location

� The Cerro Corona orebody is a copper-

gold porphyry

� Cerro Corrona mining operation is

located 1.5km west-northwest of the

village of Hualgayoc

� 600km north-northwest of Lima and 80km

by paved road from Cajamarca

� Concentrates are transported 400km to

the Salaverry Port

5

Salaverry Port

TRC Concentratewarehouse

250 Km400 km

TRC Concentrate Warehouse

Salaverry Port

Location Map

Key Milestones

6

Delivered a world-class project in record time

26 July 2008

� Start-up:

� First rock to plant

Jul - 08 Aug - 08 Sep - 08 2009 Jan - 06

January

� Project acquisition completed

31 August � End Transition

from Construction to Operation

30 September 2008

� First shipment

December � ISO Dec 2009 � OHSAS Jun 2010 � Integrated System Aug 2011

Dec - 08

� Ramp up completed

Certifications

2009, 2010,2011

� Peru’s safest open pit operation

2010 2011

Cerro Corona Operation Layout

7

Lif of Mine Reserves (December 2010)

Tons (Mt) Gold Grade (g/t) Copper Grade (%) Gold (koz) Copper (Mlb)

Proved 42.2 1.04 0.56 1,405 520

Probable 44.1 0.89 0.46 1,267 444

TOTAL 86.3 0.96 0.51 2,672 965

8

CRUSHING GRINDING FLOTATION

CONCENTRATE

400 t/d (21% Cu, 1oz/t Au)

Tails TAILING DAM

TONNAGE

20K t/d (0.5% Cu, 1g/t Au)

OPEN PIT

Process Flow Sheet

9

Utilities

� Power � 220 MW Power line from Cajamarca Norte to Cerro Corona sub-stations. � Cerro Corona consumption: 20 MW

� Water � Water for process: Recycling from TMF. � Water-balance: Rainfall & Diversion channels

� Permitting – Approved in 2010/2011 � EIS permitting: 4th Modification. � Closure plan: 2nd Modification. � Salaverry Port EIS amendment.

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0

1

0 0 0 0 0 0 0

1

Jun-

09

Sep-

09

Dec

-09

Mar

-10

Jun-

10

Sep-

10

Dec

-10

Mar

-11

Jun-

11

Sep-

11

“If we cannot mine safely, we will not mine”

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23 18 16 15 15

8 7 12 13 12

Jun-

09

Sep-

09

Dec

-09

Mar

-10

Jun-

10

Sep-

10

Dec

-10

Mar

-11

Jun-

11

Sep-

11

3

0 1

3

2

1 1 1 0

1

Jun-

09

Sep-

09

Dec

-09

Mar

-10

Jun-

10

Sep-

10

Dec

-10

Mar

-11

Jun-

11

Sep-

11

1508 1397 1180

1412

808

1629

1003

565

993 1081 Ju

n-09

Sep-

09

Dec

-09

Mar

-10

Jun-

10

Sep-

10

Dec

-10

Mar

-11

Jun-

11

Sep-

11

Lost Time Injuries Medically Treated Injuries

Minor Injuries Hazards Reported

Safety Statistics

KPI - Throughput

Throughput (tph)

615

729

777

800

775 775

600

650

700

750

800

2008 2009 2010 2011 YTD

Actual (tph) Design (tph)

________________________ Note: 2011 YTD for the 10 months ending October 2011

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KPI – Plant Availability

Plant Availability (%)


80.81

95.42

91.09

95.17

91.32

91.32

80

82

84

86

88

90

92

94

96

98

100

2008 2009 2010 2011 YTD

Actual (%) Design (%)

21

KPI – Gold Head Grade

Au Head Grade (g/t)

(*)

1.22

1.16

1.24

1.20

1.20

1.08

1.01 1.01

0.95

1.00

1.05

1.10

1.15

1.20

1.25

2008 2009 2010 2011 YTD

Actual (g/t) Base Case (g/t)


22

KPI – Copper Head Grade

Cu Head Grade (%)

0.74

0.80

0.84

0.74

0.75

0.65

0.63

0.54

0.50

0.55

0.60

0.65

0.70

0.75

0.80

0.85

0.90

2008 2009 2010 2011 YTD

Actual (%) Base Case (%)


23

KPI – Gold Recovery

Au Recovery (%)

54.0

63.7 64.4

65.2

50

52

54

56

58

60

62

64

66

68

70

2008 2009 2010 2011 YTD

Actual (%)


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KPI – Copper Recovery

Cu Recovery (%)

60.9

80.2

82.9 82.7

58

63

68

73

78

83

88

2008 2009 2010 2011 YTD

Actual (%)


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KPI – Gold Production

Au produced (oz)

32,937

115,618

127,278 132,420

65,635

119,563

115,030

118,648

30 000

50 000

70 000

90 000

110 000

130 000

150 000

2008 (Aug-Dec) 2009 (Jan-Oct) 2010 (Jan-Oct) 2011 (Jan-Oct)

Actual (oz) Base Case (oz)

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KPI – Copper Production

Cu produced (t)

7,007

30,079

35,132

32,206

15,465

26,791

25,954

22,867

5 000

10 000

15 000

20 000

25 000

30 000

35 000

40 000


Actual (t) Base Case (t)

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KPI – Gold Equivalent Production

Equivalent Ounces Produced (oz)

73,977

268,415

341,982

312,395

152,768

274,607

250,922 238,377

60 000

110 000

160 000

210 000

260 000

310 000

360 000


Actual (eq oz)

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KPI – Operating Expenditure

Operating expenditure (2008 – 2011)

38

156 158

123

514

470

388 406

23.2

26.0 25.6 24.7

0

50

100

150

200

250

300

350

400

450

500

550

0

20

40

60

80

100

120

140

160

2008 2009 2010 2011 YTD

Operating Costs (US$m | LHS)) Operation Cost/Eq ounce (US$/oz | RHS) Operating cost/tonne milled (US$/t | RHS)

________________________ Note: 2011 YTD for the 9 months ending September 2011

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KPI – Captital Expenditure

Capital expenditure (2008 – 2011)

244

85

70

49

3292

257 172 162

0

400

800

1200

1600

2000

2400

2800

3200

3600

0

50

100

150

200

250

300

2008 2009 2010 2011 YTD

Capex (US$m | LHS) Capex/Eq ounce (US$/oz | RHS)


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Key financial metrics

KPI – NCE & NCE margin | Total Cash Cost & Operating margin

1560

626

532 557

380 361 363 426

43

62

71 72

35

56

61

0

10

20

30

40

50

60

70

80

0

200

400

600

800

1000

1200

1400

1600

1800

2008 2009 2010 2011 YTD

NCE (US$m | LHS) Total Cash Cost (US$m | LHS) Operating Margin (% | RHS) NCE Margin (% | RHS)


31

Optimization Projects

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� Optimization program launched Q4 2010 � Actual results show a 2%-3% increase in recoveries

� Metallurgical task team in place

� Main projects implemented � Improve reagent dosing and addition

� RST&CST characterization

� Expert control system – rougher flotation

� Main projects underway � Improve mechanical slurry conditioning

� Gravimetric concentration

� Expert control system – cleaning flotation

� Automatic reagent dosing

� Pebble crusher

� Phase II Mine to Mill

Cerro Corona optimization projects underway

0.55

0.75

0.95

1.15

1.35

1.55

1.75

55

60

65

70

75

80

85

90

95

100

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Grade

Rec

over

y %

Au Recovery Cu Recovery Au Grade Cu Grade

Recovery and Grades

Cerro Corona: Production Plan (2011-2024)

Ore Life of Mine

Tonnes (millions) 86.3

Au grade (g/t) 0.96

Cu grade (%) 0.51

Au recovery (%) 73.2

Cu recovery (%) 87.9

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Concentrate Life of Mine

Tonnes (‘000) 1,672

Au grade (g/t) 36

Cu grade (%) 23

Au ounces (‘000oz) 1,876

Cu tonnes (‘000t) 369

Au-eq ounces1(‘000) 4,197

____________________________ 1. Au Price US$1,400/oz; Cu Price US$8,600/t

� Direct / indirect employment

� Community contractors

� Training programs

Social Development

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Infrastructure

Local Employment

& Training

Sustainable Development

Projects

� Roads � Electrification � Communications � Health and Safety � Potable Water � Education � Port infrastructure

� Self-sustaining � “Economic circles” � Dairy production � Blueberries � Pork and guinea pig farms � Services � Forestation

Social Development Role: catalysts of development

BUILDING RELATIONSHIPS OF TRUST

Improved pastures

Sustainable Development Improved pastures Improved cattle

Potatoes Colza (bio-diesel)

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Cerro Corona: 5 Year Plan

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Strategic Objectives

Gold Fields’ best

operation in 2015

To be the best place to work

in the industry

To be the leader in

sustainable gold mining

Target production of 500koz Au-Eq

Increase reserves to 127Mt from

86Mt

Consolidate operational efficiency

Process Plant Optimization

Implement Optimization Projects to increase recoveries & throughput

Q2 2012

Sulphide plant Expansion

Analyze feasibility of sulphide plant expansion Q4 2012

Leach Pad for Oxides

Complete feasibility study for leach pad alternative Q4 2012

Consolidate Social stability

Secure social stability for the sustainability of operations On going

Convert resources to reserves

Achieve potential reserve increase of ~40Mt Q1 2013

Talent / People Develop and retain key talent On going

Description Timeline

Optimise Our Operations

Grow Gold Fields

Secure our Future

Key Strategic Initiatives

37

Questions?

Cerro Corona Info

Documents

forward looking statements

cerro corona orebody

cerro corona consum

cerro corona operation

project location

gold koz copper mlb

south africa

important factors