Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited, dated March 28, 2013, announces the publication of the Integrated Annual Review and Annual Financial Report for the fiscal year ended December 31, 2012. Gold Fields is a significant unhedged gold producer with operations in South Africa, West Africa, Australasia, and South America. The filing notes that the company unbundled its KDC and Beatrix mines in South Africa into a separately listed entity, Sibanye Gold, in February 2013.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for the 2012 period. It states that an abridged report was not published because the information previously released in the preliminary condensed consolidated results on February 14, 2013, remains unchanged. Investors are directed to the company website for the full Annual Financial Report.
Operational metrics provided include:
- Attributable annualized production: 2.1 million gold equivalent ounces.
- Number of operating mines: 6.
- Total managed gold-equivalent Mineral Reserves: 64 million ounces.
- Total managed gold-equivalent Mineral Resources: 155 million ounces.
Material Changes
The primary material change noted is the corporate restructuring in February 2013, where the KDC and Beatrix mines were spun off into Sibanye Gold. The filing confirms that the financial results for the year ended December 31, 2012, have not changed from the preliminary figures released in February 2013.
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance, management commentary on future performance, or a detailed risk assessment. It highlights that the company maintains an extensive global growth pipeline with four major projects at the resource development and feasibility level. The results have been audited by KPMG, which issued an unqualified audit report.
Investor Verification Checklist
- Verify the specific financial figures (revenue, net income, cash flow) in the full Annual Financial Report available on the company website, as they are not included in this summary filing.
- Confirm the impact of the February 2013 unbundling of KDC and Beatrix mines on the 2012 comparative financial statements.
- Review the unqualified audit report by KPMG for any emphasis of matter or qualifications.
- Check the status of the four major projects in the growth pipeline for feasibility updates.