GOLD FIELDS LIMITED - Operation Update23 Oct 2017
GFI 201710230002A
Operation Update

Gold Fields Limited
Incorporated in the Republic of South Africa 
Registration number 1968/004880/06
Share code: GFI     
Issuer code: GOGOF  
ISIN - ZAE 000018123

MEDIA RELEASE 2017 OPERATING UPDATE SEPTEMBER QUARTER
            
JOHANNESBURG. 23 October 2017: Gold Fields Limited (NYSE & JSE: GFI) is pleased to provide an operational update for
the quarter ended 30 September 2017.  Detailed financial and operational results are provided on a six-monthly basis 
i.e. at the end of June and December. 

Key Statistics
                                                        UNITED STATES DOLLARS
                                                                    Quarter
                                                  September            June      September  
                                                       2017            2017           2016 
Gold produced*                       oz (000)           567             550            537 
Continuing operations                                   552             539            522 
Discontinued operations                                  15              11             15 
Tonnes milled/treated                000              8,712           8,667          8,656 
Continuing operations                                 8,609           8,552          8,545 
Discontinued operations                                 103             115            111 
Revenue                              US$/oz           1,276           1,247          1,329 
Continuing operations                                 1,276           1,247          1,329 
Discontinued operations                               1,270           1,256          1,348 
Operating costs                      US$/tonne           43              42             41 
Continuing operations                                    42              41             40 
Discontinued operations                                 158             127            119 
All-in sustaining costs              US$/oz             906             949          1,026 
Continuing operations                                   896             934          1,018 
Discontinued operations                               1,284           1,657          1,286 
Total all-in cost                    US$/oz           1,032           1,092          1,038 
Continuing operations                                 1,025           1,081          1,031 
Discontinued operations                               1,284           1,657          1,286 
                                     US$m             1,302           1,365          1,029 
Net debt                             US$m                85             (67)           152 
Cash flow from operating activities**

*  All of the key statistics are managed figures from continuing operations, except for gold 
   produced which is attributable equivalent production.

** Cash flow from operating activities (which is net of tax) less net capital expenditure, 
   environmental payments and financing costs.
 
All operations are wholly owned except for Tarkwa and Damang in Ghana (90.0 per cent) and Cerro Corona in Peru (99.5 per cent).
Gold produced (and sold) throughout this report includes copper gold equivalents of approximately 6 per cent of Group production.
 
 
STOCK DATA FOR THE 3 MONTHS ENDED 30 SEPTEMBER 2017
Number of shares in issue                             NYSE - (GFI)
- at end September 2017        820,614,217            Range - Quarter                        US$3.41 - US$4.68
- average for the quarter      820,614,217            Average Volume - Quarter               4,754,769 shares/day 
                     
Free Float                    100 per cent            JSE LIMITED - (GFI)
ADR Ratio                              1:1            Range - Quarter                        ZAR45.06 - ZAR60.94
Bloomberg/Reuters             GFISJ/GFLJ.J            Average Volume - Quarter               2,298,620 shares/day


STATEMENT BY NICK HOLLAND 
Chief Executive Officer of Gold Fields
In the September 2017 quarter, Gold Fields generated net cash flow of US$85m compared with an outflow of US$67m in Q2
2017, a positive swing of US$152m.  The positive cash flow of US$85m was after taking into account growth capital
expenditure of US$34m at Damang, A$21m (US$17m) at Gruyere, US$12m at Salares Norte and R55m (US$4m) at South Deep. If 
we exclude this growth capital (US$67m), net cash flow for the quarter would have been US$152m which is also stated after
interest paid of US$19m.  Taking into account the net cash generated and interim dividend payment, the net debt balance
decreased to US$1,302m from US$1,365m at the end of June 2017. 

Attributable equivalent gold production for the quarter was 3% higher QoQ (6% higher YoY) at 567koz. All-in sustaining 
costs (AISC) were 5% lower QoQ (12% lower YoY) at US$906/oz and all-in costs (AIC) were 5% lower QoQ (1% lower YoY) at
US$1,032/oz.  The average US$ gold price achieved in the quarter was 2% higher QoQ (4% lower YoY) at US$1,276/oz. The
average Australian dollar exchange rate for the quarter was 0.79 (5% stronger QoQ and 4% stronger YoY), while the
average South African rand for the quarter was 13.14 (1% stronger QoQ and 7% stronger YoY).

South Deep recorded another improved quarter with gold production at 2,526kg (81koz) up 10% QoQ (up 17% YoY) and AIC
at R530,842/kg or US$1,257/oz down 10% QoQ (down 11% YoY). The increase in production was driven by a 10% increase in
underground reef grade to 6.34g/t (Q2 2017: 5.74g/t).

Despite the sequential quarter-on-quarter improvement in production in Q2 and Q3, South Deep will be unable to recover
the full extent of the weak March quarter which was impacted by two fatalities that negatively impacted the mining
contribution from the high grade corridors.  As a result, full-year production for the mine is expected to be 5% to 10%
below original guidance of 9,800kg (315koz).

Managed production in Ghana for Q3 2017 was 177koz, down 4% QoQ (down 5% YoY), with AIC of US$1,134/oz flat QoQ (up
14% YoY), underpinned by US$34m in project capital spent on the Damang reinvestment project during the quarter.  Gold
equivalent production at Cerro Corona was 31% higher QoQ (46% higher YoY) at 90koz, with AIC of US$629 per equivalent 
ounce, down 13% QoQ (down 33% YoY).

The Australian region produced 237koz for the quarter, down 3% QoQ (flat YoY), with AIC of A$1,148/oz (US$904/oz),
down 3% QoQ (down 12% YoY).  Excluding Darlot, which was held as a discontinuing asset, production from continuing
operations for the quarter was 222koz at AIC of A$1,116/oz (US$881/oz).

Update on projects
Damang
The Damang reinvestment project continued its good progress into the September quarter. Year-to-date total material
moved was 28.4Mt compared to the revised plan for the year of 41Mt which we are tracking well to achieve. Total project
capex spent year-to-date of US$87m compares to the budget of US$120m for the full year. 

Gruyere
Activity at the Gruyere project increased during the quarter. As at the end of September 2017, engineering progress of
37.8% and construction progress of 19.8% were achieved. Completion of the airstrip construction and the main access
road are expected ahead of plan.  The ball mill components (one of the key long lead time items) arrived in Fremantle 
in mid-September. The awarding of the mining contractor is expected by the end of November 2017. 

As previously guided, total project capex for Gruyere is expected to be A$532m. For FY17, A$280m was expected to be
spent. As a result of the timing of certain activities and deliveries, A$80m of the forecasted capital spend for FY17 
has been deferred to FY18. Consequently, A$200m is now forecast for the year. Importantly, the project schedule is not
impacted.

Gold Fields share of the project capital is A$267m. Taking into account interest capitalised as well as other support
costs, Gold Fields total capital expenditure on Gruyere is expected to be A$322m. We guided for total capital spend on
the project for FY17 of A$153m. Year-to-date we have spent A$70m, and now forecast to spend A$116m in 2017 due to the
deferral discussed above. 

In addition, Gold Fields has paid A$59m to end September of the remaining purchase consideration of A$100m as part of
the acquisition terms. 

Salares Norte
The feasibility study is on track for completion in the second half of 2018.

Darlot sale completed
The sale of Darlot was completed on 2 October 2017. Gold Fields received the relevant cash sums as well as the issue
of new shares as part of the consideration and as a consequence of the partial underwriting of a rights issue by the
Group. The net result is that Gold Fields has a 19.9% shareholding in Red 5.

Additional purchase of shares in Cardinal Resources
Post quarter-end, Gold Fields increased its stake in Cardinal Resources to 19.9% (on a partially diluted basis - if
only Gold Fields options are exercised), through a number of on-market transactions. Cardinal Resources is an exploration
company with activities in Ghana. Namdini, Cardinal’s flagship deposit, has an Indicated Mineral Resource of 120Mt at
1.1g/t for 4.3Moz with an Inferred Mineral Resource of 84Mt at 1.2g/t for 3.1Moz (0.5g/t cut-off grade) for a total
resource of 7.4Moz. 

FY17 guidance intact 
Despite the lower than guided production at South Deep, due to the weak Q1 2017, Group guidance remains unchanged,
with the other regions making up for the shortfall. Attributable equivalent gold production for 2017 is expected to be
between 2.10Moz and 2.15Moz, with AISC of between US$1,010 per ounce and US$1,030 per ounce. As previously guided, AIC is
expected to be between US$1,170 per ounce to US$1,190 per ounce.

N.J. Holland
Chief Executive Officer   
23 October 2017

SALIENT FEATURE AND COST BENCHMARKS
Salient features and cost benchmarks for the quarters ended 30 September 2017, 30 June 2017 and 30 September 2016 

                                                                                              UNITED STATES DOLLARS
                                                                                   South Africa              West Africa             South America    
                                                                                         Region                   Region                    Region
                                                                            Total                                  Ghana                      Peru    
                                                             Total           Mine                                                                 
                                                              Mine     Continuing         South                                              Cerro    
                                                        Operations     Operations          Deep        Total      Tarkwa      Damang        Corona    
OPERATING RESULTS                                                                                                                                     
Ore milled/treated                   September 2017          8,712          8,609           555        4,498       3,370       1,127         1,690    
(000 tonnes)                              June 2017          8,667          8,552           526        4,510       3,391       1,119         1,741    
                                     September 2016          8,656          8,545           539        4,604       3,475       1,129         1,709    
Yield                                September 2017            2.1            2.1           4.5          1.2         1.3         0.9           1.6    
(grams per tonne)                         June 2017            2.0            2.0           4.3          1.3         1.3         1.1           1.2    
                                     September 2016            2.0            2.0           4.0          1.3         1.3         1.1           1.1    
Gold produced                        September 2017          584.8          570.1          81.2        177.2       145.1        32.2          89.6    
(000 managed equivalent ounces)           June 2017          569.1          558.3          73.5        183.9       142.8        41.1          68.4    
                                     September 2016          555.4          540.1          69.4        187.5       148.6        38.9          61.2    
Gold sold                            September 2017          585.0          570.3          81.2        177.2       145.1        32.2          89.9    
(000 managed equivalent ounces)           June 2017          570.4          559.6          73.5        183.9       142.8        41.1          69.6    
                                     September 2016          557.1          541.9          69.4        187.5       148.6        38.9          62.9    
Net operating costs*                 September 2017         (342.5)        (325.4)        (79.0)      (105.0)      (76.0)      (29.0)        (38.9)   
(million)                                 June 2017         (352.5)        (337.7)        (80.0)      (110.4)      (79.7)      (30.7)        (37.8)   
                                     September 2016         (353.6)        (340.5)        (71.7)      (116.0)      (89.0)      (27.1)        (37.6)   
Operating costs                      September 2017             43             42           143           26          26          25            23    
(dollar per tonne)                        June 2017             42             41           153           26          26          27            21    
                                     September 2016             41             40           133           26          26          26            21    
Sustaining capital*                  September 2017         (150.0)        (149.6)        (15.3)       (45.1)      (41.8)       (3.3)         (9.9)   
(million)                                 June 2017         (154.8)        (152.6)        (16.4)       (51.3)      (47.3)       (4.0)         (7.2)   
                                     September 2016         (173.2)        (167.8)        (14.9)       (52.2)      (36.6)      (15.6)        (14.9)   
Non-sustaining capital*              September 2017          (38.6)         (38.6)         (4.4)       (34.2)#         -       (34.2)#           -    
(million)                                 June 2017          (35.1)         (35.1)         (2.7)       (32.4)#         -       (32.4)#           -    
                                     September 2016           (1.9)          (1.9)         (1.9)           -           -           -             -    
Total capital expenditure*           September 2017         (188.5)        (188.0)        (19.7)       (79.3)      (41.8)      (37.5)         (9.9)   
(million)                                 June 2017         (190.0)        (187.8)        (19.1)       (83.6)      (47.3)      (36.4)         (7.2)   
                                     September 2016         (175.1)        (169.7)        (16.8)       (52.2)      (36.6)      (15.6)        (14.9)   
All-in-sustaining costs              September 2017            892            881         1,203          941         909       1,084           124    
(dollar per ounce)                        June 2017            941            926         1,352          955         969         906           380    
                                     September 2016          1,017          1,010         1,289          999         950       1,182           765    
Total all-in-cost                    September 2017            963            954         1,257        1,134         909       2,147           124    
(dollar per ounce)                        June 2017          1,006            993         1,389        1,131         969       1,692           380    
                                     September 2016          1,020          1,013         1,317          999         950       1,182           765    




                                                               UNITED STATES DOLLARS                          AUSTRALIAN DOLLARS        SOUTH AFRICAN    UNITED STATES       AUSTRALIAN 
                                                                                                                                                       RAND          DOLLARS          DOLLARS 
                                                                        Australia                                      Australia               South Africa        Australia        Australia
                                                                           Region                                         Region                     Region           Region           Region
                                                                       Continuing                                     Continuing                                Discontinued     Discontinued

                                                                           Agnew/     Granny                              Agnew/     Granny           South
OPERATING RESULTS                                  Total      St Ives     Lawlers      Smith      Total      St Ives     Lawlers      Smith            Deep           Darlot           Darlot
Ore milled/treated             September 2017      1,866        1,123         315        428      1,866        1,123         315        428             555              103              103 
(000 tonnes)                        June 2017      1,774        1,040         316        418      1,774        1,040         316        418             526              115              115 
                               September 2016      1,804        1,005         312        376      1,804        1,005         312        376             539              111              111 
Yield                          September 2017        3.7          2.5         6.1        5.1        3.7          2.5         6.1        5.1             4.5              4.4              4.4 
(grams per tonne)                   June 2017        4.1          3.1         5.6        5.4        4.1          3.1         5.6        5.4             4.3              2.9              2.9 
                               September 2016        4.1          2.8         5.8        6.0        4.1          2.8         5.8        6.0             4.0              4.3              4.3 
Gold produced                  September 2017      222.0         89.5        61.8       70.8      222.0         89.5        61.8       70.8           2,526             14.7             14.7 
(000 managed                        June 2017      232.5        102.6        57.2       72.8      232.5        102.6        57.2       72.8           2,286             10.8             10.8 
equivalent ounces)             September 2016      222.0         91.5        57.8       72.8      222.0         91.5        57.8       72.8           2,160             15.3             15.3 
Gold sold                      September 2017      222.0         89.5        61.8       70.8      222.0         89.5        61.8       70.8           2,526             14.7             14.7 
(000 managed                        June 2017      232.5        102.6        57.2       72.8      232.5        102.6        57.2       72.8           2,286             10.8             10.8 
equivalent ounces)             September 2016      222.0         91.5        57.8       72.8      222.0         91.5        57.8       72.8           2,160             15.3             15.3 
Net operating costs            September 2017     (102.5)       (32.0)      (33.7)     (36.8)    (129.6)       (40.3)      (42.6)     (46.7)       (1,038.3)           (17.1)           (21.7)
(million)                           June 2017     (109.4)       (34.5)      (37.4)     (37.5)    (145.9)       (46.0)      (49.8)     (50.0)       (1,057.3)           (14.9)           (19.7)
                               September 2016     (115.2)       (46.2)      (34.4)     (34.7)    (151.4)       (60.8)      (45.1)     (45.5)       (1,021.8)           (13.1)           (17.1)
Operating costs                September 2017         68           44         120         91         86           57         152        116           1,884              158              201 
(dollar per tonne)                  June 2017         65           37         121         93         87           49         161        124           2,023              127              168 
                               September 2016         70           45         122         95         92           59         161        125           1,882              119              155 
Sustaining capital             September 2017      (78.9)       (37.8)      (21.5)     (19.6)    (100.5)       (48.0)      (27.5)     (25.0)         (204.7)            (0.4)            (0.5)
(million)                           June 2017      (77.7)       (45.4)      (14.8)     (17.5)    (103.5)       (60.5)      (19.8)     (23.3)         (214.4)            (2.2)            (2.9)
                               September 2016      (85.8)       (43.1)      (16.8)     (25.9)    (112.9)       (56.8)      (21.9)     (34.2)         (207.1)            (5.4)            (7.1)
Non-sustaining capital         September 2017          -            -           -          -          -            -           -          -           (55.2)               -                - 
(million)                           June 2017          -            -           -          -          -            -           -          -           (38.8)               -                - 
                               September 2016          -            -           -          -          -            -           -          -           (27.1)               -                - 
Total capital expenditure      September 2017      (78.9)       (37.8)      (21.5)     (19.6)    (100.5)       (48.0)      (27.5)     (25.0)         (259.9)            (0.4)            (0.5)
(million)                           June 2017      (77.7)       (45.4)      (14.8)     (17.5)    (103.5)       (60.5)      (19.8)     (23.3)         (253.2)            (2.2)            (2.9)
                               September 2016      (85.8)       (43.1)      (16.8)     (25.9)    (112.9)       (56.8)      (21.9)     (34.2)         (234.2)            (5.4)            (7.1)
All-in-sustaining costs        September 2017        881          848         956        855      1,116        1,071       1,215      1,087         509,011            1,284            1,629 
(dollar per ounce)                  June 2017        854          831         964        799      1,138        1,107       1,283      1,067         573,127            1,657            2,208 
                               September 2016        971        1,050         955        885      1,277        1,383       1,246      1,167         586,712            1,286            1,688 
Total all-in-cost              September 2017        881          848         956        855      1,116        1,071       1,215      1,087         530,842            1,284            1,629 
(dollar per ounce)                  June 2017        854          831         964        799      1,138        1,107       1,283      1,067         590,093            1,657            2,208 
                               September 2016        971        1,050         955        885      1,277        1,383       1,246      1,167         599,245            1,286            1,688 

Average exchange rates were US$1 = R13.14, US$1 = R13.27 and US$1 = R14.15 for the September 2017, June 2017 and
September 2016 quarters respectively.  

The Australian/US dollar exchange rates were A$1 = US$0.79, A$1 = US$0.75 and A$1 = US$0.76 for the September 2017, June 2017 
and September 2016 quarters, respectively.  

Figures may not add as they are rounded independently. 

#Relates to non-sustaining capital expenditure for Damang Reinvestment Project.  


REVIEW OF OPERATIONS 

Quarter ended 30 September 2017 compared with quarter ended 30 June 2017

CONTINUING OPERATIONS

South Africa region

South Deep Project
                                               Sept         June          
                                               2017         2017          
Gold produced                   000’oz         81.2         73.5          
                                    kg        2,526        2,286          
Gold sold                       000’oz         81.2         73.5          
                                    kg        2,526        2,286          
Yield - underground reef           g/t         6.34         5.74          
AISC                              R/kg      509,011      573,127          
                                US$/oz        1,203        1,352          
AIC                               R/kg      530,842      590,093          
                                US$/oz        1,257        1,389          


Gold production increased by 10 per cent from 2,286 kilograms (73,500 ounces) in the June quarter to 2,526 kilograms
(81,200 ounces) in the September quarter mainly due to an increase in head grade.  

Total underground tonnes mined increased by 5 per cent from 414,400 tonnes in the June quarter to 436,700 tonnes in
the September quarter.  In the September quarter 388,400 reef tonnes was mined at a grade of 6.3 grams per tonne along
with 48,300 waste tonnes mined.  This compared with 368,700 reef tonnes at a grade of 5.7  and 45,700 waste tonnes mined 
in the June quarter.  

Gold recovered was 63 kilograms (2,000 ounces) higher than gold broken of 2,463 kilograms (79,200 ounces) in the
September quarter.  The additional gold recovered in the September quarter was as a result of loading, tramming, 
hoisting and processing of locked-up underground stocks mined in the June quarter, which also improved the reef 
yield. The remaining excess stocks of broken ore of 45,000 tonnes are expected to be recovered in the December 
quarter of 2017.

Destress mining decreased by 35 per cent from 11,732 square metres in the June quarter to 7,666 square metres in the
September quarter. Reduced face availability due to required ground support and development activities was the main
reason for the decrease. These matters are being addressed and a significant pick up is expected in Q4. 

Longhole stoping decreased by 4 per cent from 216,000 tonnes to 207,000 tonnes.  The current mine contributed 63 per
cent of the total ore tonnes in the September quarter compared with 48 per cent in the June quarter.  The longhole
stoping method accounted for 47 per cent of total tonnes mined in the September quarter compared with 52 per cent in 
the June quarter.  

Development increased by 34 per cent from 1,471 metres in the June quarter to 1,965 metres in the September quarter. 
New mine capital development on 100 level increased by 26 per cent from 211 metres in the June quarter to 266 metres in
the September quarter. New mine development is focused on infrastructure projects exclusively on 100 level and related 
to haulage extensions, crusher excavations and conveyor extensions. Reef horizon development in the current mine areas 
increased by 45 per cent from 777 metres to 1,126 metres.  Reef horizon development North of Wrench increased by 19 per 
cent from 483 metres to 573 metres.

Total tonnes milled increased by 6 per cent from 526,000 tonnes to 555,000 tonnes due to an increase in surface
tailings material. Underground reef tonnes milled were virtually unchanged at 397,000 tonnes in the June quarter compared
with 398,000 tonnes in the September quarter. Total tonnes milled in the September quarter included 45,000 tonnes of
underground development waste mined and 112,000 tonnes of surface tailings material. This compared with 47,000 tonnes of
underground development waste mined and 82,000 tonnes of surface tailings material in the June quarter.  Underground reef
yield increased by 10 per cent from 5.74 grams per tonne to 6.34 grams per tonne due to the loading, tramming, hoisting
and processing of previously locked-up underground stocks, as discussed earlier. 

Net operating costs decreased by 2 per cent from R1,057 million (US$80 million) to R1,038 million (US$79 million)
mainly due to lower bonuses and overtime costs and a gold-in-process credit of R9 million (US$1 million) in the 
September quarter compared with R8 million (US$1 million) in the June quarter.

Capital expenditure increased by 3 per cent from R253 million (US$19 million) in the June quarter to R260 million
(US$20 million) in the September quarter.  

Sustaining capital expenditure decreased by 4 per cent from R214 million (US$16 million) in the June quarter to 
R205 million (US$15 million) in the September quarter mainly due to fleet purchases in the June quarter. Non-sustaining
capital expenditure increased by 41 per cent from R39 million (US$3 million) to R55 million (US$4 million). The higher
non-sustaining capital expenditure was mainly due to increased expenditure on new mine development and infrastructure
projects.

All-in sustaining costs decreased by 11 per cent from R573,127 per kilogram (US$1,352 per ounce) in the June quarter
to R509,011 per kilogram (US$1,203 per ounce) in the September quarter mainly due to increased gold sold, lower net
operating costs and lower sustaining capital expenditure.

Total all-in cost decreased by 10 per cent from R590,093 per kilogram (US$1,389 per ounce) in the June quarter to
R530,842 per kilogram (US$1,257 per ounce) in the September quarter due to the same reasons as for all-in sustaining 
costs, partially offset by higher non-sustaining capital expenditure.

Updated guidance: 
- Gold production 5 to 10 per cent below 9,800 kilograms (315,000 ounces),
- Destress square meters 20-25 per cent below 46,000 square meters,
- Development meters 10-15 per cent below 7,880 metres.

The long-term integrity of the rebase plan remains unaffected.

West Africa region

GHANA 

Tarkwa
                                   Sept       June          
                                   2017       2017          
Gold produced         000’oz      145.1      142.8          
Yield                    g/t       1.34       1.31          
AISC and AIC          US$/oz        909        969          

Gold production increased by 2 per cent from 142,800 ounces in the June quarter to 145,100 ounces in the September
quarter mainly due to higher yield. 

Total tonnes mined, including capital stripping, decreased marginally by 3 per cent from 27.0 million tonnes in the
June quarter to 26.2 million tonnes in the September quarter.  Ore tonnes mined increased by 2 per cent from 4.3 million
tonnes to 4.4 million tonnes.  Operational waste tonnes mined decreased by 11 per cent from 10.0 million tonnes to 8.9
million tonnes while capital waste tonnes mined increased by 2 per cent from 12.7 million tonnes to 12.9 million tonnes. 
Head grade mined was similar at 1.33 grams per tonne.  The strip ratio decreased from 5.3 to 4.9 mainly in line with the
mining sequence. 

The CIL plant throughput was similar at 3.4 million tonnes.  Yield increased by 2 per cent from 1.31 grams per tonne
to 1.34 grams per tonne due to higher grade feed.

Net operating costs, including gold-in-process movements, decreased by 5 per cent from US$80 million to US$76 million
mainly due to lower tonnes mined and a US$11 million gold-in-process credit in the September quarter compared with US$8
million in the June quarter.

Capital expenditure decreased by 11 per cent from US$47 million to US$42 million due to replacements and
refurbishments of fleet in the June quarter.

All-in sustaining costs and total all-in cost decreased by 6 per cent from US$969 per ounce in the June quarter to
US$909 per ounce in the September quarter due to higher gold sold, lower net operating costs and lower capital 
expenditure.

Damang
                                   Sept       June          
                                   2017       2017          
Gold produced         000’oz       32.2       41.1          
Yield                    g/t       0.89       1.14          
AISC                  US$/oz      1,084        906          
AIC                   US$/oz      2,147      1,692          


Gold production decreased by 22 per cent from 41,100 ounces in the June quarter to 32,200 ounces in the September
quarter mainly due to lower head grade.

Total tonnes mined, including capital stripping, increased by 2 per cent from 9.3 million tonnes in the June quarter
to 9.5 million tonnes in the September quarter.  This was mainly due to relatively dry weather conditions which resulted
in improved mining in the Damang pit cutback and Amoanda pit areas.  Ore tonnes mined increased by 1 per cent from 0.91
million tonnes in the June quarter to 0.92 million tonnes in the September quarter.  Total waste tonnes mined increased
by 2 per cent from 8.4 million tonnes to 8.6 million tonnes.  Capital waste tonnes (included in total waste tonnes)
increased by 4 per cent from 7.4 million tonnes to 7.7 million tonnes. 

Operational waste tonnes decreased by 10 per cent from 1.0 million tonnes to 0.9 million tonnes.  

Head grade mined decreased by 22 per cent from 1.34 grams per tonne to 1.04 grams per tonne in line with expectations
mainly due to the lower grade ore mined in Amoanda pit stage 1.  In the September quarter, Amoanda pit mined 
0.53 million tonnes at 1.09 grams per tonne compared with 0.61 million tonnes mined at 1.59 grams per tonne in the June 
quarter with the decrease in tonnes and grade in line with the mining sequence. The 0.92 million ore tonnes mined in the 
September quarter also included 0.16 million tonnes from Lima South, 0.13 million tonnes from Tomento East and 
0.10 million tonnes from Abosso tailings. The strip ratio increased from 9.3 to 9.4.

Tonnes processed increased by 1 per cent from 1.12 million tonnes in the June quarter to 1.13 million tonnes in the
September quarter.  Yield decreased by 22 per cent from 1.14 grams per tonne to 0.89 grams per tonne.  The lower yield 
was due to lower grade material treated from the Amoanda, Lima and Tomento East pits.  In the September quarter, tonnes
milled were sourced as follows: 0.70 million tonnes at 1.05 grams per tonne from the pits, 0.06 million tonnes at 0.83
grams per tonne from Abosso tailings and 0.37 million tonnes at 0.60 grams per tonne from stockpiles.  This compared 
with 0.66 million tonnes at 1.63 grams per tonne from the pits, 0.14 million tonnes at 0.78 grams per tonne from Abosso
tailings and 0.32 million tonnes at 0.61 grams per tonne from stockpiles in the June quarter.  The remaining Abosso 
tailings and stockpiles are approximately 0.05 million tonnes at 0.97 grams per tonne and 0.24 million tonnes at 
0.67 grams per tonne, respectively.

Net operating costs, including gold-in-process movements, decreased by 6 per cent from US$31 million to US$29 million
mainly due to lower operational tonnes mined, improved efficiencies and cost control.

Capital expenditure increased by 6 per cent from US$36 million in the June quarter to US$38 million in the September
quarter.

Sustaining capital expenditure decreased by 25 per cent from US$4 million to US$3 million.  Non-sustaining capital
expenditure increased by 6 per cent from US$32 million to US$34 million mainly due to the commencement of Amoanda infill
drilling in the September quarter. 

All-in sustaining costs increased by 20 per cent from US$906 per ounce in the June quarter to US$1,084 per ounce in
the September quarter mainly due to lower gold sold, partially offset by lower net operating costs and lower sustaining
capital expenditure.  All-in costs increased by 27 per cent from US$1,692 per ounce in the June quarter to US$2,147 per
ounce in the September quarter due to lower gold sold and higher non-sustaining capital expenditure, partially offset by
lower net operating costs.  

South America region

PERU 

Cerro Corona
                                                    Sept       June          
                                                    2017       2017          
Gold produced                          000’oz       47.8       36.1          
Copper produced                        tonnes      8,452      7,165          
Total equivalent gold produced      000’eq oz       89.6       68.4          
Total equivalent gold sold          000’eq oz       89.9       69.6          
Yield - gold                              g/t       0.90       0.68          
      - copper                       per cent       0.51       0.43          
      - combined                       eq g/t       1.63       1.24          
AISC and AIC                           US$/oz        124        380          
AISC and AIC                        US$/eq oz        629        724          
Gold price*                            US$/oz      1,274      1,258          
Copper price*                           US$/t      6,301      5,660          
*Average daily spot price for the period used to calculate total equivalent gold ounces produced.


Gold production increased by 32 per cent from 36,100 ounces in the June quarter to 47,800 ounces in the September
quarter.  Copper production increased by 18 per cent from 7,165 tonnes to 8,452 tonnes.  Equivalent gold production
increased by 31 per cent from 68,400 ounces to 89,600 ounces.  The increase in gold and copper production was mainly 
due to higher head grades in line with the mining sequence and pit design.  

Gold head grade increased by 32 per cent from 0.99 grams per tonne to 1.31 grams per tonne and copper head grade
increased by 18 per cent from 0.49 per cent to 0.58 per cent.  Gold and copper head grades for the year are expected 
to be around 1.03 grams per tonne to 1.06 grams per tonne and 0.48 per cent to 0.51 per cent, respectively.  Gold 
recoveries increased from 68.5 per cent to 69.2 per cent.  Copper recoveries increased from 88.8 per cent to 
89.4 per cent.  Gold yield increased by 32 per cent from 0.68 grams per tonne to 0.90 grams per tonne and copper yield 
increased by 19 per cent from 0.43 per cent to 0.51 per cent. 

In the September quarter, concentrate with a payable content of 48,100 ounces of gold was sold at an average price of
US$1,287 per ounce and 8,409 tonnes of copper was sold at an average price of US$5,689 per tonne, net of treatment and
refining charges.  This compared with 36,300 ounces of gold that was sold at an average price of US$1,255 per ounce and
7,447 tonnes of copper that was sold at an average price of US$4,998 per tonne, net of treatment and refining charges, 
in the June quarter. 

Total tonnes mined increased by 4 per cent from 4.14 million tonnes in the June quarter to 4.32 million tonnes in the
September quarter mainly due to higher waste mined in line with the mining sequence.  Ore mined increased by 1 per cent
from 1.79 million tonnes to 1.80 million tonnes.  Operational waste tonnes mined increased by 7 per cent from 2.35
million tonnes to 2.52 million tonnes.  As a result, the strip ratio increased from 1.32 to 1.40.

Ore processed decreased by 3 per cent from 1.74 million tonnes in the June quarter to 1.69 million tonnes in the
September quarter as a result of a planned maintenance shutdown in the September quarter. (94 per cent utilisation in 
the September quarter compared with 97 per cent utilisation in the June quarter).

Net operating costs, including gold-in-process movements, increased by 3 per cent from US$38 million to US$39 million
mainly due to higher mining cost as a result of increased tonnes mined and higher statutory workers participation.  
This was partially offset by a US$1 million gold-in-process credit to cost in the September quarter compared with a 
US$2 million charge to cost in the June quarter.  

Capital expenditure increased by 43 per cent from US$7 million to US$10 million due to an increase in construction
activities at the tailings dam and waste storage facilities.

All-in sustaining costs and total all-in cost per gold ounce decreased by 67 per cent from US$380 per ounce in the
June quarter to US$124 per ounce in the September quarter mainly due to increased gold sold, partially offset by 
higher net operating costs and higher capital expenditure.  All-in sustaining costs and total all-in costs per 
equivalent ounce decreased by 13 per cent from US$724 per equivalent ounce to US$629 per equivalent ounce due to the 
same reasons as above.

Australia region

St Ives
                                         Sept       June          
                                         2017       2017          
Gold produced               000’oz       89.5      102.6          
Yield - underground            g/t       3.55       3.64          
      - surface                g/t       2.37       2.98          
      - combined               g/t       2.48       3.07          
AISC and AIC                 A$/oz      1,071      1,107          
                            US$/oz        848        831          

Gold production decreased by 13 per cent from 102,600 ounces in the June quarter to 89,500 ounces in the September
quarter due to lower grades of ore mined and processed. 

At the Hamlet underground operation, ore tonnes mined decreased by 30 per cent from 143,000 tonnes in the June quarter
to 100,000 tonnes in the September quarter due to a significant seismic event which occurred in August.  This resulted
in limited access to stoping areas for most of the month.  Head grade decreased by 8 per cent from 4.06 grams per tonne
to 3.75 grams per due to reduced mining flexibility.  

Ounces mined at the consolidated St Ives mine increased by 14 per cent from 112,100 ounces in the June quarter to
127,300 ounces in the September quarter. Although the mine has produced more ounces, the mill is constrained in its 
ability to mill the Neptune oxide material up to a maximum of 25 per cent.  This Neptune oxide material will continue 
to sit on stockpile and be drawn down each month up to the maximum of 25 per cent addition to the mill. 

Development of the Invincible underground mine commenced during the quarter with the cutting of portals and the
commencement of the twin declines into the Invincible underground mine.  First ore from underground is expected in late
October 2017.  The open pit operations are planned to continue concurrently with the underground operations to end 2019.

At the open pit operations, ore tonnes mined increased by 46 per cent from 0.9 million tonnes in the June quarter to
1.3 million tonnes in the September quarter with Stage 3 of Neptune pit brought into production during the quarter. 
Grade mined decreased by 16 per cent from 3.28 grams per tonne to 2.77 grams per tonne.  The lower grade was in line 
with the mining sequence.  In the September quarter, tonnes mined were sourced as follows: 0.61 million tonnes at 
2.9 grams per tonne from Invincible and 0.69 million tonnes at 2.6 grams per tonne from Neptune.  This compared with 
0.68 million tonnes mined at 4.0 grams per tonne from Invincible and 0.20 million tonnes mined at 0.9 grams per tonne 
from Neptune in the June quarter.

Operational waste tonnes mined increased by 150 per cent from 1.2 million tonnes in the June quarter to 3.0 million
tonnes in the September quarter and capital waste tonnes mined decreased by 33 per cent from 9.9 million tonnes to 6.6
million tonnes reflecting a change from pre-strip to operating waste with Neptune Stage 3 brought to production during 
the September quarter.  Total material movements at the open pits decreased by 9 per cent from 12.0 million tonnes to 
10.9 million tonnes due to the reduction in the strip ratio as the pits deepened.  The strip ratio decreased from 
12.5 to 7.3.

Throughput at the Lefroy mill increased by 8 per cent from 1.0 million tonnes in the June quarter to 1.1 million
tonnes in the September quarter due to a scheduled maintenance shutdown in the June quarter.  Yield decreased by 
19 per cent from 3.07 grams per tonne to 2.48 grams per tonne due to the lower grades mined and processed. 

Net operating costs, including gold-in-process movements, decreased by 13 per cent from A$46 million (US$35 million)
to A$40 million (US$32 million) due to a gold inventory credit to cost of A$23 million (US$18 million) in the September
quarter compared with A$5 million (US$4 million) in the June quarter, partially offset by an increase of A$14 million
(US$11 million) in operational open pit mining costs reflecting the change from pre-strip to operational waste.  The
gold-in-process credit reflects a quarter where ounces mined from the open pits were 28,000 ounces higher than processed 
and added to stockpiles (1.4 million tonnes were mined at 2.84 grams per tonne with 1.1 million tonnes processed at 2.74
grams per tonne).  This will not all be processed by year-end due to the reasons mentioned above.

Capital expenditure decreased by 21 per cent from A$61 million (US$45 million) to A$48 million (US$38 million) mainly
due to decreased pre-stripping at Invincible and Neptune pits.   

All-in sustaining costs and total all-in cost decreased by 3 per cent from A$1,107 per ounce (US$831 per ounce) in the
June quarter to A$1,071 per ounce (US$848 per ounce) in the September quarter due to lower net operating costs and
lower capital expenditure, partially offset by lower gold sold. 

Agnew/Lawlers
                                   Sept       June          
                                   2017       2017          
Gold produced         000’oz       61.8       57.2          
Yield                    g/t       6.11       5.62          
AISC and AIC           A$/oz      1,215      1,283          
                      US$/oz        956        964          


Gold production increased by 8 per cent from 57,200 ounces in the June quarter to 61,800 ounces in the September
quarter due to higher grade ore mined and processed during the September quarter.

Ore mined from underground increased by 9 per cent from 268,000 tonnes in the June quarter to 293,000 tonnes in the
September quarter with increased ore tonnes from both New Holland and Waroonga.  Head grade mined increased by 3 per 
cent from 7.13 grams per tonne to 7.35 grams per tonnes due to higher grades from Waroonga.  In the September quarter 
tonnes mined were sourced as follows: 149,000 tonnes at 9.6 grams per tonne from Waroonga and 144,000 tonnes at 
5.0 grams per tonne from New Holland.  This compares with 146,000 tonnes at 8.2 grams per tonne from Waroonga and 
122,000 tonnes at 5.9 grams per tonne from New Holland in the June quarter.  Ounces mined increased by 13 per cent 
from 61,400 ounces in the June quarter to 69,200 ounces in the September quarter.

Tonnes processed decreased marginally from 316,000 tonnes in the June quarter to 315,000 tonnes in the September
quarter.  The combined yield increased by 9 per cent from 5.62 grams per tonne to 6.11 grams per tonne due to higher 
grade ore mined and the processing of higher grade stockpiles in the September quarter.

Net operating costs, including gold-in-process movements, decreased by 14 per cent from A$50 million (US$37 million)
in the June quarter to A$43 million (US$34 million) in the September quarter mainly due to a gold-in-circuit credit to
cost of A$5 million (US$4 million) in the September quarter compared with A$1 million (US$1 million) in the June quarter
and A$3 million (US$3 million) reduction in mining cost with a greater proportion of capital development and less ore
development compared with the June quarter.

Capital expenditure increased by 40 per cent from A$20 million (US$15 million) to A$28 million (US$22 million) mainly
due to increased exploration expenditure and development expenditure at Waroonga.

All-in sustaining costs and total all-in cost decreased by 5 per cent from A$1,283 per ounce (US$964 per ounce) in the
June quarter to A$1,215 per ounce (US$956 per ounce) in the September quarter mainly due to higher gold sold and lower
net operating costs, partially offset by higher capital expenditure. 

Granny Smith
                                   Sept       June          
                                   2017       2017          
Gold produced         000’oz       70.8       72.8          
Yield                    g/t       5.14       5.42          
AISC and AIC           A$/oz      1,087      1,067          
                      US$/oz        855        799          


Gold production decreased by 3 per cent from 72,800 ounces in the June quarter to 70,800 ounces in the September
quarter mainly due to lower grade ore mined.

Ore mined from underground decreased by 6 per cent from 451,000 tonnes in the June quarter to 424,000 tonnes in the
September quarter due to an increase in waste development and a decrease in ore development.  Head grade mined 
decreased by 3 per cent from 5.84 grams per tonne in the June quarter to 5.65 grams per tonne in the September quarter. 
Ounces mined decreased by 9 per cent from 84,800 ounces in the June quarter to 77,100 ounces in the September quarter.

Tonnes processed increased by 2 per cent from 418,000 tonnes in the June quarter to 428,000 tonnes in the September
quarter due to timing of milling campaigns quarter on quarter.  The yield decreased by 5 per cent from 5.42 grams per
tonne to 5.14 grams per tonne due to lower grades mined and a build-up of gold in circuit at the end of the September
quarter.    

Net operating costs, including gold-in-process movements, decreased by 6 per cent from A$50 million (US$38 million) in
the June quarter to A$47 million (US$37 million) in the September quarter mainly due to a gold-in-process credit to
cost of A$3 million (US$2 million) in the September quarter compared with A$2 million (US$2 million) in the June quarter,
as well as a A$1 million (US$1 million) reduction in mining costs as a result of lower volumes of ore mined.

Capital expenditure increased by 9 per cent from A$23 million (US$18 million) to A$25 million (US$20 million).  The
majority of the expenditure related to exploration and development at the Wallaby mine.  

All-in sustaining costs and total all-in cost increased by 2 per cent from A$1,067 per ounce (US$799 per ounce) in the
June quarter to A$1,087 per ounce (US$855 per ounce) in the September quarter due to lower gold sold and higher capital
expenditure, partially offset by lower net operating costs.  


DISCONTINUED OPERATION

Australia region

Darlot
                                   Sept       June          
                                   2017       2017          
Gold produced         000’oz       14.7       10.8          
Yield                    g/t       4.41       2.92          
AISC and AIC           A$/oz      1,629      2,208          
                      US$/oz      1,284      1,657          

Gold production increased by 36 per cent from 10,800 ounces in the June quarter to 14,700 ounces in the September
quarter due to higher grades mined and processed. 

Ore mined from underground decreased by 12 per cent from 113,700 tonnes in the June quarter to 100,500 tonnes in the
September quarter due to a paste fill reticulation blockage which impacted production.  Head grade mined increased by 
76 per cent from 2.63 grams per tonne to 4.64 grams per tonne with high grade stopes in the Oval ore body mined during 
the September quarter in line with the mining schedule.  

Tonnes processed decreased by 10 per cent from 115,000 tonnes in the June quarter to 103,000 tonnes in the September
quarter due to decreased ore mined.  The yield increased by 51 per cent from 2.92 grams per tonne to 4.41 grams per 
tonne due to the higher grades mined. 

Net operating costs, including gold-in-process movements, increased by 10 per cent from A$20 million (US$15 million)
in the June quarter to A$22 million (US$17 million) in the September quarter mainly due to a gold-in-circuit charge to
cost of A$1 million (US$1 million) in the September quarter compared with A$nil million (US$nil million) in the June
quarter.

Capital expenditure decreased by 67 per cent from A$3 million (US$2 million) to A$1 million (US$nil million).  Decline
development towards the Oval ore body was completed during the June quarter.  

All-in sustaining costs and total all-in cost decreased by 26 per cent from A$2,208 per ounce (US$1,657 per ounce) in
the June quarter to A$1,629 per ounce (US$1,284 per ounce) in the September quarter due to higher gold sold and lower
capital expenditure, partially offset by higher net operating costs. 

UNDERGROUND AND SURFACE 
                                                       UNITED STATES DOLLARS
                                                                       Total  
                                                        Total           Mine 
                                                         Mine     Continuing 
                                                   Operations     Operations 
Imperial ounces with metric tonnes and grade     
ORE MILLED/TREATED                                                            
(000 TONNES)                                                                  
- underground ore        September 2017                 1,346          1,243  
                              June 2017                 1,382          1,267  
                         September 2016                 1,404          1,293  
- underground waste      September 2017                    45             45  
                              June 2017                    47             47  
                         September 2016                    26             26  
- surface ore            September 2017                 7,321          7,321  
                              June 2017                 7,238          7,238  
                         September 2016                 7,226          7,226  
- total milled           September 2017                 8,712          8,609  
                              June 2017                 8,667          8,552  
                         September 2016                 8,656          8,545  
YIELD                                                                         
(GRAMS PER TONNE)                                                             
- underground ore        September 2017                   5.4            5.4  
                              June 2017                   5.0            5.2  
                         September 2016                   5.2            5.3  
- underground waste      September 2017                     -              -  
                              June 2017                     -              -  
                         September 2016                     -              -  
- surface ore            September 2017                   1.5            1.5  
                              June 2017                   1.5            1.5  
                         September 2016                   1.3            1.3  
- combined               September 2017                   2.1            2.1  
                              June 2017                   2.0            2.0  
                         September 2016                   2.0            2.0  
GOLD PRODUCED                                                                 
(000 OUNCES)*                                                                 
- underground ore        September 2017                 239.9          225.2  
                              June 2017                 229.9          219.1  
                         September 2016                 240.7          225.4  
- underground waste      September 2017                     -              -  
                              June 2017                     -              -  
                         September 2016                     -              -  
- surface ore            September 2017                 344.9          344.9  
                              June 2017                 339.2          339.2  
                         September 2016                 314.7          314.7  
- total                  September 2017                 584.8          570.1  
                              June 2017                 569.1          558.3  
                         September 2016                 555.4          540.1  
OPERATING COSTS                                                               
(DOLLAR PER TONNE)                                                            
- underground            September 2017                   145            144  
                              June 2017                   130            130  
                         September 2016                   128            129  
- surface                September 2017                    25             25  
                              June 2017                    26             25  
                         September 2016                    25             25  
- total                  September 2017                    43             42  
                              June 2017                    42             41  
                         September 2016                    41             40  


                                                                                                                   South
                                                    South                        West                            America
                                                   Africa                      Africa                             Region
                                                   Region                      Region                               Peru
                                                                                Ghana                              Cerro
Imperial ounces with metric tonnes and grade        South            Total     Tarkwa            Damang           Corona  
                                                     Deep                                                                 
ORE MILLED/TREATED                                                                                                        
(000 TONNES)                                                                                                              
- underground ore        September 2017               398                -          -                 -                -  
                              June 2017               397                -          -                 -                -  
                         September 2016               427                -          -                 -                -  
- underground waste      September 2017                45                -          -                 -                -  
                              June 2017                47                -          -                 -                -  
                         September 2016                26                -          -                 -                -  
- surface ore            September 2017               112            4,498      3,370             1,127            1,690  
                              June 2017                82            4,510      3,391             1,119            1,741  
                         September 2016                86            4,604      3,475             1,129            1,709  
- total milled           September 2017               555            4,498      3,370             1,127            1,690  
                              June 2017               526            4,510      3,391             1,119            1,741  
                         September 2016               539            4,604      3,475             1,129            1,709  
YIELD                                                                                                                     
(GRAMS PER TONNE)                                                                                                         
- underground ore        September 2017               6.3                -          -                 -                -  
                              June 2017               5.7                -          -                 -                -  
                         September 2016               5.0                -          -                 -                -  
- underground waste      September 2017                 -                -          -                 -                -  
                              June 2017                 -                -          -                 -                -  
                         September 2016                 -                -          -                 -                -  
- surface ore            September 2017               0.1              1.2        1.3               0.9              1.6  
                              June 2017               0.1              1.3        1.3               1.1              1.2  
                         September 2016               0.1              1.3        1.3               1.1              2.5  
- combined               September 2017               4.5              1.2        1.3               0.9              1.6  
                              June 2017               4.3              1.3        1.3               1.1              1.2  
                         September 2016               4.0              1.3        1.3               1.1              1.1  
GOLD PRODUCED                                                                                                             
(000 OUNCES)*                                                                                                             
- underground ore        September 2017              81.0                -          -                 -                -  
                              June 2017              73.2                -          -                 -                -  
                         September 2016              69.2                -          -                 -                -  
- underground waste      September 2017                 -                -          -                 -                -  
                              June 2017                 -                -          -                 -                -  
                         September 2016                 -                -          -                 -                -  
- surface ore            September 2017               0.2            177.2      145.1              32.2             89.6  
                              June 2017               0.3            183.9      142.8              41.1             68.4  
                         September 2016               0.2            187.5      148.6              38.9             61.2  
- total                  September 2017              81.2            177.2      145.1              32.2             89.6  
                              June 2017              73.5            183.9      142.8              41.1             68.4  
                         September 2016              69.4            187.5      148.6              38.9             61.2  
OPERATING COSTS                                                                                                           
(DOLLAR PER TONNE)                                                                                                        
- underground            September 2017               179                -          -                 -                -  
                              June 2017               181                -          -                 -                -  
                         September 2016               157                -          -                 -                -  
- surface                September 2017                 1               26         26                25               23  
                              June 2017                 3               26         26                27               21  
                         September 2016                 2               26         26                26               21  
- total                  September 2017               143               26         26                25               23  
                              June 2017               153               26         26                27               21  
                         September 2016               133               26         26                26               21  


                                                                      Australia Region                                   
                                                              Continuing                                 Discontinued
                                                                               Agnew/       Granny   
Imperial ounces with metric tonnes and grade       Total         St Ives      Lawlers        Smith             Darlot    
ORE MILLED/TREATED                                                                                                    
(000 TONNES)                                                                                                          
- underground ore        September 2017              845             102          315          428                103    
                              June 2017              870             136          316          418                115    
                         September 2016              866             178          312          376                111    
- underground waste      September 2017                -               -            -            -                  -    
                              June 2017                -               -            -            -                  -    
                         September 2016                -               -            -            -                  -    
- surface ore            September 2017            1,021           1,021            -            -                  -    
                              June 2017              904             904            -            -                  -    
                         September 2016              827             827            -            -                  -    
- total milled           September 2017            1,866           1,123          315          428                103    
                              June 2017            1,774           1,040          316          418                115    
                         September 2016            1,693           1,005          312          376                111    
YIELD                                                                                                                 
(GRAMS PER TONNE)                                                                                                     
- underground ore        September 2017              5.3             3.5          6.1          5.1                4.4    
                              June 2017              5.2             3.6          5.6          5.4                2.9    
                         September 2016              5.6             4.5          5.8          6.0                4.3    
- underground waste      September 2017                -               -            -            -                  -    
                              June 2017                -               -            -            -                  -    
                         September 2016                -               -            -            -                  -    
- surface ore            September 2017              2.4             2.4            -            -                  -    
                              June 2017              3.0             3.0            -            -                  -    
                         September 2016              2.5               -            -            -                  -    
- combined               September 2017              3.7             2.5          6.1          5.1                4.4    
                              June 2017              4.1             3.1          5.6          5.4                2.9    
                         September 2016              4.1             2.8          5.8          6.0                4.3    
GOLD PRODUCED                                                                                                         
(000 OUNCES)*                                                                                                         
- underground ore        September 2017            144.2            11.7         61.8         70.8               14.7    
                              June 2017            145.9            15.9         57.2         72.8               10.8    
                         September 2016            156.2            25.7         57.8         72.8               15.3    
- underground waste      September 2017                -               -            -            -                  -    
                              June 2017                -               -            -            -                  -    
                         September 2016                -               -            -            -                  -    
- surface ore            September 2017             77.8            77.8            -            -                  -    
                              June 2017             86.7            86.7            -            -                  -    
                         September 2016             65.8            65.8            -            -                  -    
- total                  September 2017            222.0            89.5         61.8         70.8               14.7    
                              June 2017            232.5           102.6         57.2         72.8               10.8    
                         September 2016            222.0            91.5         57.8         72.8               15.3    
OPERATING COSTS                                                                                                       
(DOLLAR PER TONNE)                                                                                                    
- underground            September 2017               98              64          120           91                158    
                              June 2017               96              43          121           93                127    
                         September 2016              110             120          122           95                119    
- surface                September 2017               43              43            -            -                  -    
                              June 2017               36              36            -            -                  -    
                         September 2016               29              29            -            -                  -    
- total                  September 2017               68              44          120           91                158    
                              June 2017               65              37          121           93                127    
                         September 2016               70              45          122           95                119    
                                                                              

*Gold produced in kilograms at South Deep for the September 2017 quarter were as follows: from underground 2,519
 kilograms and from surface 7 kilograms giving a total of 2,526 kilograms.


Administration and corporate information


                                                                    Gold Fields Limited
Corporate Secretary                                                 Incorporated in the Republic of South Africa
Lucy Mokoka                                                         Registration number 1968/004880/06
Tel: +27 11 562 9719                                                Share code: GFI
Fax: +27 11 562 9829                                                Issuer code: GOGOF
e-mail: lucy.mokoka@goldfields.com                                  ISIN - ZAE 000018123
                                                                 
Registered office                                                   Investor enquiries
Johannesburg                                                        Avishkar Nagaser
Gold Fields Limited                                                 Tel: +27 11 562 9775
150 Helen Road                                                      Mobile: +27 82 312 8692
Sandown                                                             e-mail: avishkar.nagaser@goldfields.com
Sandton                                                          
2196                                                                Thomas Mengel
                                                                    Tel: +27 11 562 9849
Postnet Suite 252                                                   Mobile: +27 72 493 5170
Private Bag X30500                                                  e-mail: thomas.mengel@goldfields.com
Houghton                                                         
2041                                                                Media enquiries
Tel: +27 11 562 9700                                                Sven Lunsche
Fax: +27 11 562 9829                                                Tel: +27 11 562 9763
                                                                    Mobile: +27 83 260 9279
Office of the United Kingdom secretaries                            e-mail: sven.lunsche@goldfields.com
London                                                           
St James’s Corporate Services Limited                               Transfer secretaries
Suite 31, Second Floor                                              South Africa
107 Cheapside                                                       Computershare Investor Services (Proprietary) Limited
London                                                              Rosebank Towers
EC2V 6DN                                                            15 Biermann Avenue
United Kingdom                                                      Rosebank
Tel: +44 20 7796 8644                                               Johannesburg
Fax: +44 20 7796 8645                                               2196
e-mail: general@corpserv.co.uk                                      P O Box 61051
                                                                    Marshalltown
American depository receipts transfer agent                         2107
Shareholder Correspondence should be mailed to:                     Tel: +27 11 370 5000
BNY Mellon Shareowner Services                                      Fax: +27 11 688 5248
P.O. Box 30170                                                   
College Station, TX 77842-3170                                      United Kingdom
                                                                    Capita Asset Services
Overnight Correspondence should be sent to:                         The Registry
BNY Mellon Shareowner Services                                      34 Beckenham Road
211 Quality Circle, Suite 210                                       Beckenham
College Station, TX 77845                                           Kent BR3 4TU
e-mail: shrrelations@cpushareownerservices.com                      England
                                                                    Tel: 0871 664 0300
Phone Numbers                                                       Calls cost 12p per minute plus your phone company’s access charge.
Tel: 888 269 2377 Domestic                                          If you are outside the United Kingdom,
Tel: 201 680 6825 Foreign                                           please call +44 371 664 0300.
                                                                    Calls outside the United Kingdom will be charged at the applicable international rate.

Sponsor                                                             The helpline is open between 9:00am - 5:30pm. Monday to Friday excluding public
J.P. Morgan Equities South Africa (Pty) Ltd                         holidays in England and Wales.
                                                                    e-mail:ssd@capita.co.uk

Website 
WWW.GOLDFIELDS.COM

Listings  
JSE / NYSE / GFI
SWX: GOLI

CA Carolus(2) (Chair) RP Menell(2) (Deputy Chair) NJ Holland*(1) (Chief Executive Officer) PA Schmidt(1) (Chief Financial Officer)
A Andani#(2) PJ Bacchus(2) TP Goodlace(2) CE Letton(3) DMJ Ncube(2) SP Reid(3)(2) YGH Suleman(2)
(3) Australian * British # Ghanaian (2) Independent Director (1) Non-independent Director 


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