Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited, dated March 31, 2014, announces the publication of the Integrated Annual Review and statutory Annual Financial Report for the year ended December 31, 2013. Gold Fields is an unhedged, globally diversified gold producer with operations in South Africa, West Africa, Australasia, and South America. The filing also provides notice of the Annual General Meeting (AGM) scheduled for May 9, 2014.
Key Financial Metrics and Operational Data
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for the 2013 period, stating that an abridged report was not published as the preliminary results released on February 13, 2014, remain unchanged. However, the following operational metrics are disclosed:
- Gold Production: Approximately 2 million ounces of attributable annual production.
- Gold Reserves: Approximately 49 million ounces of attributable gold Mineral Reserves.
- Gold Resources: Approximately 113 million ounces of attributable gold Mineral Resources.
- Copper Reserves: 708 million pounds of attributable copper Mineral Reserves.
- Copper Resources: 7,120 million pounds of attributable copper Mineral Resources.
- Audit Status: Results audited by KPMG with an unqualified audit report.
Material Changes and Corporate Actions
The filing highlights significant structural changes to the company's portfolio:
- Divestiture: In February 2013, the company unbundled its KDC and Beatrix mines in South Africa into an independent, separately listed entity named Sibanye Gold.
- Acquisition: In October 2013, Gold Fields acquired Barrick Gold's Granny Smith, Lawlers, and Darlot Gold Mines in Western Australia.
Guidance, Outlook, and Corporate Governance
The filing does not contain specific forward-looking financial guidance or management commentary regarding future price targets or production forecasts. Key governance and event details include:
- AGM Details: The Annual General Meeting will be held on Friday, May 9, 2014, at 09:00 at the company's principal executive offices in Sandton, South Africa.
- Record Date: Friday, April 25, 2014, at 09:00.
- Trading Deadline: The last day to trade to be registered for the AGM is Wednesday, April 16, 2014.
- Document Availability: The Integrated Annual Review, Annual Financial Report, and AGM notice are available on the company website.
Investor Verification Checklist
- Verify the specific financial figures (revenue, net income, EBITDA, cash flow) in the full Annual Financial Report published on the company website, as they are not included in this summary filing.
- Confirm the impact of the October 2013 Western Australia acquisition on the full-year 2013 production and cost metrics.
- Review the unqualified audit report by KPMG for any emphasis of matter or other explanatory paragraphs.
- Check the company website for the detailed Notice of Annual General Meeting to review specific resolutions to be voted on.
- Monitor the trading deadline of April 16, 2014, for shareholders intending to vote at the upcoming AGM.