Gold Fields

Integrated
Annual Report

2018

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Vision of the Chairperson & CEO

Stakeholder engagement remains a critical issue for the Board. As a foundation, we want to develop honest, mutually beneficial win-win partnerships with these stakeholders and, by and large, have found ways to achieve this. In return though, we would expect governments and trade unions, in particular, to work with us to ensure that our mines can continue to operate sustainably.

2018 marked the second year of the reinvestment programme embarked on by Gold Fields at the end of 2016. The key motivation behind the investment focus is to ensure that our portfolio of mines continues to generate cash sustainably into the foreseeable future, while at the same time lowering our costs and extending mine life.


Report sections

Our Business

Gold Fields Limited is a globally diversified gold producer with eight operating mines (including our Asanko Joint Venture) and projects in Australia, Chile, Ghana, Peru and South Africa, and total attributable annual gold-equivalent production of approximately 2Moz.

LEADERSHIP AND GOVERNANCE

Our vision of being the global leader in sustainable gold mining requires the highest levels of corporate governance to ensure we create value for our stakeholders over the short, medium and long term.

PORTFOLIO MANAGEMENT

Mining is a long-term investment. As a business, we need to balance investing for future growth of our portfolio whilst generating cash today. Through our investment projects and strategic decisions, we aim to sustainably extend the life of Gold Fields’ overall portfolio at lower costs than today.

Safe Operational Delivery

In order to deliver sustainable financial returns, meet our strategic promises and achieve our aim of zero harm, we need the right people in the right roles with the right skills, ongoing investments in technology, and an innovative approach to energy cost management.

Capital Discipline

We focus on growing our margins and FCF for every ounce of gold produced to deliver sustainable financial returns to our investors and shareholders.

Licence and Reputation

Through environmental stewardship we protect and enhance relationships between our operations and the communities in close proximity to it. These relationships are built on a commitment to good corporate governance, corporate citizenship, and sharing wealth with our stakeholders.

Our global footprint

  • West Africa region
  • South Africa region
  • Americas region
  • Australia region
  • Group performance

  • Managed production1

  • All-in cost

  • Safety

  • Net cash-flow3
  • Contribution to
    Group production



  • Managed production1

  • All-in cost

  • Safety

  • Net cash-flow3
  • Contribution to
    Group production



  • Managed production1

  • All-in cost

  • Safety

  • Net cash-flow3
  • Contribution to
    Group production



  • Managed production4

  • All-in cost4

  • Safety4

  • Net cash-flow3,4
  • Contribution to
    Group production


  • Managed production1
  • All-in cost
  • Safety