Directors: C A Carolus (Chair), N J Holland
†
** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), A Andani
#
, P J Bacchus
†
,
T P Goodlace, C E Letton^, R P Menell, S P Reid^, Y G H Suleman
^Australian,
†
British,
#
Ghanaian, ** Executive Director
Company Secretary: MML Mokoka
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel
+27 11 562 9775
Mobile +27 82 312 8692
email
Avishkar.Nagaser@
goldfields.com
Thomas Mengel
Tel
+27 11 562 9849
Mobile +27 72 493 5170
email
Thomas.Mengel@
goldfields.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile +27 83 260 9279
email
Sven.Lunsche@
goldfields.com
M E D I A R E L E A S E
Completion of Joint Venture Transaction with
Asanko Gold
Johannesburg, 31 July 2018: Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) is pleased to announce the completion of the Joint
Venture transaction with Asanko Gold (Asanko), with Gold Fields
acquiring a 50% stake in Asanko’s 90% interest in the Asanko Gold
Mine in Ghana.
Gold Fields is expected to equity account its share in the Joint
Venture, with attributable production and costs incorporated into the
Group numbers from completion. Asanko’s published guidance for
2019-2023 is average annual production of 253koz (100% basis).
Gold Fields and Asanko have established various working groups to
ensure that the Asanko Gold Mine continues to operate in an efficient
manner.
Nick Holland, CEO, said: “The closing of the transaction with Asanko
gives us exposure to a great camp, with long-life, low-cost production,
with significant exploration potential in a country we know well and
have operated in for 25 years.”
“
The Joint Venture bolsters the Ghana region, with Tarkwa providing
the base load production and Damang providing growth through the
reinvestment plan currently underway. We look forward to working
closely with our new partners, ” he added.
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email :
Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email:
Thomas.Mengel@goldfields.com
Media
Sven Lunsche