Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited covers the month of January 2009. The company is a major unhedged gold producer with operations in South Africa, Ghana, Australia, and Peru. The primary purpose of this filing is to announce a key executive appointment.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity figures for the reporting period. The document focuses on corporate governance and operational capacity rather than financial performance results.
- Production Capacity: Attributable production of 3.64 million ounces per annum from eight operating mines.
- New Operations: Cerro Corona mine in Peru commenced production in August 2008 at approximately 375,000 gold equivalent ounces per annum.
- Reserves: Total attributable ore reserves of 83 million ounces and mineral resources of 251 million ounces.
Material Changes
The material change reported in this filing is the formal appointment of Paul Schmidt as Chief Financial Officer (CFO), effective January 1, 2009. Schmidt had been acting in this role since May 2008. No material changes to financial performance or operational output were detailed in this specific document.
Outlook and Management Commentary
CEO Nick Holland praised Schmidt's twelve years of senior operational experience and deep knowledge of the Group. Management commentary indicates a production target of approximately 4.0 million ounces per annum to be reached during the March quarter of 2009, driven by the ramp-up of the Cerro Corona mine.
Investor Verification Checklist
- Verify the effective date of Paul Schmidt's CFO appointment (January 1, 2009).
- Confirm the projected production target of 4.0 million ounces for the March 2009 quarter.
- Review subsequent quarterly reports for actual financial performance metrics (revenue, EBITDA, cash flow) as they are absent in this filing.
- Monitor the operational status and output of the Cerro Corona mine in Peru.