| Business Summary | | Gold
Fields
Limited
is
an
independent
precious
metals
company
that
primarily
engages
in
exploration,
mining
and
beneficiation,
with
resources
of
145
million
ounces,
which
includes
reserves
of
70
million
ounces.
For
the
fiscal
year
ended
June
30,
2000,
Gold
Fields'
total
operations
produced
3.86
million
ounces
of
gold.
With
the
exception
of
the
Tarkwa
Gold
Mine,
which
is
in
Ghana
in
West
Africa,
all
of
the
Company's
mines
are
in
the
Witwatersrand
Basin,
where
they
are
grouped
into
three
operating
Divisions:
the
Free
State
Division,
the
Driefontein
Division
and
the
Kloof
Division.
Gold
Fields
was
formed
through
the
creation
of
a
new
company
that
acquired
the
gold
mining
assets
of
Gold
Fields
of
South
Africa
Limited
and
Gencor
Limited.
These
assets
include
South
African
mines
such
as
Driefontein,
Beatrix,
Kloof
and
St.
Helena. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Gold
Fields
Limited
is
in
the
business
of
development
and
production
of
precious
metal
mines.
GOLD's
present
focuses
are
on
gold
and
Platinum
Group
Elements.
For
the
nine
months
ended
3/31/01,
revenues
increased
10%
to
RAN5.80
billion.
Net
earnings
totaled
RAN737.7
million,
up
from
RAN336.3
million.
Revenues
reflect
increased
production.
Earnings
also
reflect
reduced
depreciation
expense,
and
a
RAN38M
gain
on
the
close-out
of
Gold
Fields
Ghana's
hedge
book. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
1,845,609;
after
tax
earnings
were
-1,564,000. (Preliminary; reported in thousands of Rand.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | C. Thompson | Chairman,
CEO | I. Cockerill | Managing
Director | A. Wright | Deputy
Chairman, Director | N. Holland | Financial
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|