50NT Hsbc Bk. 25

RNS Number:9970J
Gold Fields Ld
3 May 2000


              GOLD FIELDS CONTINUES STRONG QUARTERLY PERFORMANCE              

Johannesburg, 4 May 2000 - Gold Fields Limited (JSE 'GFI', Nasdaq 'GOLD')
today reported strong financial results for the March 2000 quarter with a 20
per cent increase in net earnings to R231.9 million (US$36.9 million) from
R192.4 million (US$31.5 million) or to 51 cents per share (US$0.08) from 43
cents per share (US$0.07), in the previous quarter.

This improvement in earnings was despite a marginally lower US dollar gold
price received and is due to the continued drive to contain costs as well as a
reduced taxation charge.   Gold revenue of R1,793.4 million (US$284.7 million)
was R25.4 million lower than the previous quarter due to a three per cent drop
in gold production.

"Despite March being a traditionally difficult quarter, Gold Fields
experienced a steady performance, highlighted by costs that continue to be
under control," said Chris Thompson, chairman and chief executive officer of
Gold Fields.

As a result of the Company's focus on cost control, operating costs for the
March quarter were R2.9 million lower than the previous quarter.   Cost per
ton milled was reduced from R268 per ton to R257 per ton.   The main
contributor was Driefontein where costs were reduced quarter on quarter by
R18.4 million.

Attributable production for the March quarter was 959,000 ounces at a cash
cost of US$217 per ounce, compared with the December 1999 quarter's production
of 990,000 ounces at a cash cost of US$220 per ounce.

The average price of gold received was R58,911 per kilogram (US$291 per ounce)
compared with R58,337 per kilogram (US$296 per ounce) received in the prior
quarter.   The realised price for gold sold was positively impacted by the
weakening in the average rand/dollar exchange rate from R6.12/US$ in the
December quarter to R6.30/US$ in the March quarter.

Ian Cockerill,managing director of Gold Fields, said, "Our focus on safe,
quality mining and consistency is starting to show results and holds promise
for the remainder of the year."

Gold Fields Limited is one of the largest unhedged gold producers in the
world, with annual production in excess of 4 million ounces, proven and
probable reserves of 74 million ounces and resources of 152 million ounces.  
Gold Fields trades on the Johannesburg Stock Exchange (GFI), as well as on
NASDAQ (GOLD) and on the London, Paris, Brussels and Swiss stock exchanges.

Full results are available on the company's website at www.goldfields.co.za.

CONFERENCE CALL - 16.00 hrs BST TODAY - 0500 10 1630

Contact:  Willie Jacobsz, Gold Fields            +27 11 644 2460
          Keith Irons, Bankside Consultants      020 7220 7477





                       UNAUDITED ABBREVIATED RESULTS**                        
                                 (in SA Rand)                                 
                                                     Qtr              Qtr
                                                March 2000       December 1999


Gold production*(kg)                               29,818          30,794     
Cash costs*(R/kg)                                  44,001          43,210     
Tons milled (000)                                   5,520           5,314     
Revenue (R/kg)                                     58,911          58,337     
Operating costs (R/kg)                             46,634          45,241     
Operating costs (R/ton)                               257             268     
Operating profit (Rm)                                 377             400     
Earnings before exceptional items net of tax (Rm)     235             213     
SA cps                                                 52              47     
Net earnings (Rm)                                     232             192     
SA cps                                                 51              43


                       UNAUDITED ABBREVIATED RESULTS**                        
                               (in US dollars)                                
                                                     Qtr              Qtr
                                                  March 2000     December 1999

Gold production* (oz 000)                            959              990
Cash costs* ($/oz)                                   217              220
Tons milled (000)                                  5,520            5,314
Revenue ($/oz)                                       291              296
Operating costs ($/oz)                               230              230
Operating costs ($/ton)                               41               44
Operating profit ($m)                                 60               65
Earnings before exceptional items net of tax ($m)     37               35
US cps                                                 8                8
Net earnings ($m)                                     37               32
US cps                                                 8                7

* Attributable - all companies wholly owned except for Tarkwa (71.1%)
** International Accounting Standards Basis



END

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