CQT conquest mining limited

gold fields reserves

  1. 10,771 Posts.
    lightbulb Created with Sketch. 61
    "As at 31 December 2006, Gold Fields had total attributable precious metal Resources, including copper as gold equivalents, of 251.7 (2006: 179.3) million ounces and total attributable gold and copper-gold equivalent Reserves of 93.8 (2006: 65.3) million ounces. Total attributable gold Resources (excluding platinum and copper equivalents) are 235.0 (2006: 163.9) million ounces and attributable gold Reserves are 91.6 (2006: 63.1) million ounces, net of 12-month attributable depletions of 4.4 and 4.2 million ounces respectively. "

    Above is from the GF website

    CONCLUSION: Pretty obvious - their reserves have increased/

    "South African operations have benefited from the acquisition of the South Deep Gold Mine and have a declared attributable gold Resource of 199.7 (2006: 131.8) million ounces and an attributable gold Reserve of 73.9 (2006: 45.1) million ounces, net of a head grade depletion of 2.8 and 2.6 million ounces respectively. "

    CONCLUSION. Their SA operations have contribute some 28.5 mill onces attrib Gold Reserves.
    Their Internation operations have at the same time gone backwards by 0.3 mill onces.

    So what I see here is that GF has increased it SA production and dependence over 06 - 07.

    Clearly they would want to balance the risk profile especially inlieu of the power shortages and sovereign risk.

    They would see Oz as being very attractive to improve their portfolio
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.