Media releases

Gold Fields' operations – update on Covid-19 impact

Tuesday, 24 March 2020

Johannesburg, 24 March 2020: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) fully supports the measures and policies to curb the Covid-19 pandemic implemented by the countries in which we operate.

"The world finds itself facing an unprecedented situation - the Covid-19 pandemic has forced governments across the globe to take decisive actions to safeguard the lives of their people. Gold Fields is fully committed to first and foremost protecting the health and safety of our people and communities, and supports all governments’ efforts to contain the spread of the virus," says Gold Fields CEO Nick Holland.

"In particular, we note yesterday’s announcement by South African President Cyril Ramaphosa of a 21-day lockdown commencing this Friday. It is a painful, but necessary and bold decision and one that we support to the fullest," he adds.

The nature and extent of incidences of infections at our global operations will determine the company’s action with regards to continued operations at the mine sites.

The following provides an update on the situation in each Region and the additional measures we have now put in place:

The company is in a strong financial position with significantly reduced debt at the end of December 2019. At the time of this release Gold Fields had approximately US$600m in cash and in excess of US$1.5bn of committed, unutilised debt facilities. "We have sufficient liquidity to withstand an interruption to our operations for a considerable period of time, but will work towards minimising the impact of Covid-19 on our operations," Holland says

We will review the situation at regular intervals to decide on further actions if required and will keep the market updated accordingly.

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