Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited is dated December 14, 2016. Gold Fields is an unhedged, globally diversified gold producer with operations in Australia, Ghana, Peru, and South Africa. The company holds primary listings on the JSE Limited and secondary listings on the NYSE and SWX.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. However, the document notes the following operational metrics:
- Attributable annual gold production: Approximately 2.0 million ounces.
- Attributable Mineral Reserves: Around 46 million ounces of gold.
- Attributable Mineral Resources: Around 102 million ounces of gold.
- Attributable copper Mineral Reserves: 532 million pounds.
- Attributable copper Mineral Resources: 5,912 million pounds.
Material Changes
The primary material change disclosed in this filing is a significant restructuring of the Board of Directors:
- Retirements: Messrs. Kofi Ansah (director since April 2004) and Alan Hill (director since August 2009) retired as non-executive directors effective December 31, 2016. Former director David Murray also retired on June 1, 2016.
- Appointments: Between July 1 and September 1, 2016, four new non-executive directors were appointed to ensure continuity of skills as other directors approached retirement age.
Guidance, Outlook, and Risks
The filing does not contain specific financial guidance, outlook projections, or detailed risk factors. Management commentary is limited to the Chairperson's acknowledgment of the retiring directors' contributions and the strategic appointment of new directors to maintain board competency.
Investor Verification Checklist
- Verify the full composition of the new Board of Directors following the December 31, 2016 retirements.
- Confirm the specific identities and backgrounds of the four new non-executive directors appointed between July and September 2016.
- Review the company's most recent Form 20-F or quarterly reports for detailed financial performance data, as this 6-K does not include financial statements.
- Monitor subsequent filings for any impact of the board changes on corporate strategy or governance policies.