Business Context and Reporting Period
Gold Fields Limited, a foreign private issuer, filed this Form 6-K on June 8, 2007, regarding a media release dated June 6, 2007. The filing reports on the company's Mineral Resource and Ore Reserve Statement for the 12-month period ended December 31, 2006.
Key Financial and Operational Metrics
The filing focuses on operational reserves rather than financial performance metrics such as revenue, profit, or cash flow.
- Total Attributable Mineral Resources: 251.7 million ounces (inclusive of Ore Reserves).
- Total Attributable Ore Reserves: 93.8 million ounces.
- Valuation Assumptions: Resources calculated using gold prices of R135,000/kg (South Africa), A$875/oz (Australia), and US$650/oz (Ghana, Venezuela, Peru). Ore Reserves calculated using R100,000/kg (South Africa), A$650/oz (Australia), and US$500/oz (Ghana, Venezuela, Peru).
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Compared to the prior period, the company reported significant growth in its resource base:
- Mineral Resources: Increased by 40% to 251.7 million ounces.
- Ore Reserves: Increased by 44% to 93.8 million ounces.
These figures are net of 12 months' depletion and include the impact of the acquisition of the South Deep gold mine.
Management Commentary and Outlook
CEO Ian Cockerill stated that the strong Resource and Reserve Statement significantly increases the company's overall position, replacing mined reserves and underpinning the strategic focus on securing the future. Management emphasized adherence to Corporate Governance, consistency in reporting, and compliance with SAMREC and Sarbanes-Oxley Act requirements. The statement was audited by a leading independent global mining consultancy.
Investor Verification Checklist
- Verify the full Mineral Resource and Ore Reserve declaration Supplement available on the Gold Fields website.
- Confirm the specific contribution of the South Deep gold mine acquisition to the reported reserve increases.
- Review the independent audit report referenced in the filing to validate the SAMREC compliance.
- Check subsequent filings for financial performance data (revenue, profit, cash flow) as this 6-K does not contain them.