◢ AFRIMINTEL · decision layer

The decision view

South Deep

Witwatersrand Basin, West Rand Goldfield · Au · Gold Fields, via Newshelf 899 (Pty) Ltd

Evidence depth: operating-markers
Operating-disclosure markers; no study-level economics carried.
Afrimintel states the evidence depth of all 159 assets on its bankability roster. 2 are fully-worked DCFs and 4 carry a complete study-level marker set; a further 9 carry headline study-grade markers only. 6 assets have their source documents preserved on this site, where 106 numeric figures verify against the document text and 9 are excluded and named because they cite a document not in the archive. See the full roster and what each tier means.

dossier-gradeproducing

Need this asset checked for a live decision? A verified dossier is $1,850, fixed fee: every Sourced figure traced to the document it came from, the gaps listed, signed by the Editor-in-Chief. Ask about South Deep ›

Hand-maintained under the contract suite (generator retired 7 Sep 2026) · dataset see manifest · record reviewed 2026-05-02 · machine-readable: /api/v1/deposits/south-deep.json · ⎙ print / save as PDF

Stage and status

DFI · investment house — what stage is the asset at, and what does its record hold?

Life-cycle stageproducing Derived
Operating statusOperating long-life underground; 85-year LOM Sourced
Reserve scale (P+P)175.173 Mt @ 5.0 g/t Au Sourced ≈ 28 Moz contained Derived
Reserve basis (verbatim)Attributable to Gold Fields (~27.998 Moz)

Value anchors

advisory · corporate development — what does the record support?

Resource (M+I (exclusive of Reserves))130.6 Mt @ 4.5 g/t Au Sourced
Resource basis (verbatim)Attributable to Gold Fields (~19.046 Moz)
Primary sourceGold Fields South Deep S-K 1300 TRS effective 27 March 2025 (data as at 31 Dec 2024); Gold Fields 2024 IAR; Q1 2025 operating update [Sourced 2026-05-02] Sourced
Comparables (Au-matched)5 African M&A — $122–228/oz (set span, n=2) · 2 intl — $394–403/oz (set span, n=2) · 1 financing/benchmark — set spans, not market curves · deals · compare assets · data freshness Sourced

Risk read

mining major · insurer — what is the exposure?

Ownership structureNewshelf 899 holds 100% of property; Newshelf itself = Gold Fields 90.245% + BBBEE outside shareholders 9.755%; group operational reporting level cites 96.4% attributable Sourced
Recent events (record, newest last — tail shown)… 25 production ~70-72 koz (+24% YoY) after backfill leakage + rehandling fixes; 2025 guidance 280-305 koz; 85-year life of mine under new long-term forecasts (2024 IAR); no divestment/disposal announcement found 2025-2026 Sourced

What this record does not yet support — disclosed, not estimated