Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited covers the month of February 2006, specifically reporting on a corporate transaction announced on February 21, 2006. Gold Fields is a major unhedged gold producer with operations in South Africa, Ghana, Australia, and Peru. The company holds primary listings on the Johannesburg Securities Exchange and secondary listings on the NYSE, LSE, Euronext, and the Swiss Exchange.
Key Financial Metrics and Operational Data
The filing does not provide specific financial statements, revenue, profit, cash flow, or debt figures for the reporting period. However, it discloses the following operational metrics:
- Annual Gold Production: Approximately 4.2 million ounces.
- Reserves: 64.8 million ounces.
- Mineral Resources: 174.5 million ounces.
- Investment Activity: Acquisition of 7.8 million shares in Sino Gold Limited.
Material Changes
The primary material change reported is the acquisition of an additional 7.8 million shares in Sino Gold Limited, purchased directly from Standard Bank London Limited. Following this transaction, Gold Fields' total holding in Sino Gold increased to approximately 14%. No other material changes to financial performance or operational status were detailed in this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future financial performance, or specific risk factors beyond the general context of gold production. The document notes that all operations are ISO 14001 certified. There are no unusual items or contingencies disclosed in this text.
Key Facts for Investor Verification
- Verify the current market price and valuation of Sino Gold Limited to assess the impact of the 14% stake.
- Confirm the total cost of the 7.8 million share acquisition, as the purchase price is not stated in this filing.
- Review the company's most recent Form 20-F for detailed revenue, profit, and debt metrics, as this 6-K does not contain them.
- Monitor the development status of the Cerro Corona mine in Peru, cited as a developing asset.