Re Acquisition Completed

RNS Number:0133Q
Gold Fields Ld
25 August 2000

JOINT PRESS RELEASE

GOLD FIELDS GHANA COMPLETES ACQUISITION OF TEBEREBIE ASSETS

Johannesburg and Toronto, August 25, 2000: Gold Fields Limited (JSE
"GFI",Nasdaq "GOLD" and Repadre Capital Corporation (TSE "RPD")    are pleased
to announce that Gold Fields Ghana Limited ("GFG") has completed the
acquisition of the northern portion of the Teberebie concession and assets,
adjacent to GFG's Tarkwa operation, from Ashanti Goldfields
Limited("Ashanti"). 

The total consideration paid to Ashanti at closing was a net of US$4.4
million. The assets acquired include heap leach pads and associated crushing,
agglomeration and stacking facilities, as well as approximately one million
ounces of gold resources. 

The crushing system acquired will process over 300 000  tonnes of ore per
month and, when combined with the existing Tarkwa circuit, is expected to
increase total production to more than 11 million tonnes per annum. This will
enable the operation to increase gold production in the near term to well over
400 000 ounces per year. In addition, with the increased throughput, contract
mining costs are expected to decline. 

Integration of the Teberebie heap leach processing circuit into the Tarkwa
operation will begin immediately and mining output is expected to build up to
approximately one million tons of ore per month by the end of 2000.

The pre-feasibility study on the Phase III expansion of the Tarkwa operation
is well advanced. This study contemplates the expansion of the metallurgical
complex through the construction of a screening and desliming operation as
well as a mill to process deeper and less porous ore. It has the potential to
further increase production at Tarkwa to close to 550 000 ounces of gold per
year.

Gold Fields Ghana Limited is owned 71.1% by Gold Fields Limited and 18.9% by
Repadre Capital Corporation.
 
FOR FURTHER INFORMATION CONTACT:

GOLD FIELDS LIMITED       
Willie Jacobsz
Senior Manager: Corporate Affairs and Investor Relations 
Tel: (011) 644-2460
Fax: (011) 484-0639 
E-mail: williej@goldfields.co.za   
       
Cheryl A Martin
Vice President: North American Investor Relations
Tel:  (303)796-8683
Fax:  (303) 796-8293 
Email: camartin@gfexpl.com 

Website:       www.goldfields.co.za              
               www.gold-fields.com 


REPADRE CAPITAL CORPORATION       
Joseph F. Conway
President and Chief Executive Officer 
Tel: (416)-365-2430
Fax: (416)-365-8065    
     
Paul W. LaFontaine
Manager, Investor Relations
Tel: 1-888-972-5511
E-mail:       info@repadre.com              
Website:       www.repadre.com   

Keith Irons, 
Bankside Consultants, London
Tel :020 7220 7477
Fax: 020 7220 7211
           

Some of the statements contained in this release may be forward-looking
statements, such as estimates and statements that describe future plans,
objectives or goals. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and that actual results and future events in each case could differ
materially from those currently anticipated in such statements by reason of
such factors as, but not limited to, changes in general economic and market
conditions.

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