Group production and cost performance

  2023 guidance1 2022 actual 2022 guidance (revised) 2021 actual
  Prod
(Moz)
AIC
(US$/oz)
Prod
(Moz)
AIC
(US$/oz)
Prod
(Moz)
AIC
(US$/oz)
Prod
(Moz)
AIC
(US$/oz)
Group 2.25 – 2.30 1,480 – 1,520 2.40 1,320 2.31 – 2.36 1,370 – 1,410 2.34 1,297
1 Excluding Asanko

WHERE GOLD FIELDS OPERATES (hover/click over the flags on the map)

Ghana region

  2023 guidance
  Prod AIC
Tarkwa 545koz US$1,390/oz
Damang 136koz US$1,830/oz
Asanko1 NA NA
Region NA NA

South Africa region

  2023 guidance
  Prod AIC
South Deep 10,800kg
(347koz)
R730,000/kg
(US$1,330/oz)

Australia region

  2023 guidance
  Prod AIC
St Ives 380koz A$1,770/oz
(US$1,240/oz)
Agnew 240koz A$1,910/oz
(US$1,335/oz)
Granny Smith 272koz A$1,760/oz
(US$1,235/oz)
Gruyere (50%) 177koz A$1,685/oz
(US$1,180/oz)
Region 1,069koz A$1,790/oz
(US$1,250/oz)

Americas region

Production overview 2023
guidance
Gold-only production 126koz
Copper production 27.0kt
Gold-equivalent production 255koz
AIC US$570/oz
AIC eq-oz US$1,070/oz

GOLD FIELDS' MODERNISATION STRATEGY

Horizon 1

Foundational phase

Visualises operations through real-time data and insights to plan the approach for Horizons 2 and 3
Key initiatives

Integrated operating centres:

  • In place at South Deep, Granny Smith and Cerro Corona; in the design phase at St Ives
  • First remote operating centre in place at Salares Norte to connect the mine with the head office in Santiago

Wireless network deployments:

  • Installing Mesh (Wi-Fi) and LTE (4G) in our open-pit mines in Australia
  • Upgrading Tarkwa's wireless network to a fluid mesh network as the existing networks have become obsolete
  • Growing our new-generation wireless networks (Wi-Fi) at our underground mines
  • Extended LTE (4G) networks into the working areas at Granny Smith, enabling a map deployment equivalent to Google Maps for underground

Data reporting and insights:

  • Implementing data collection platforms at our sites to enable automated reporting and insights, including Trimble Connected Mine (a platform that combines data from different sources to produce a central, trusted source of information for productivity, reducing risk and reliable planning)

Mobile devices:

  • Implementing handheld mobile devices for tasks like booking overtime and digitally plotting production data across sites

Fatigue management systems:

  • Trialling underground and open-pit fatigue management systems within the Australian operations, with good success on surface, but more work needed underground
  • Progressing well on South Deep's collision avoidance programme in line with new government regulations
  • Fully integrated Damang's Hexagon Fatigue management into the business with wellness reviews conducted on employees with chronic fatigue

Horizon 2

Transformational phase

Integrates and optimises processes and systems over a three to seven-year period, working towards Horizon 3

Horizon 3

Mine-of-the-Future phase

Focuses on the Gold Fields Mine of the Future to deliver the future state of the Group's mines
Key initiatives

Teleremote operations:

  • Implementing teleremote solutions in underground loaders at South Deep in line with mine design changes

Integrated data platforms:

  • Deploying and commissioning an integrated mine operations data platform at Granny Smith in collaboration with the ERDi 4.0 test lab based on manufacturing ISA 95 standards. The ERDi is Australia's official centre of excellence for Industry 4.0 in the energy and resources sector
  • Planning for deployment of the integrated mine operations data platform at St Ives Invincible in 2024, following success at Granny Smith

Equipment automation:

  • Developing our first underground automated truck, which is scheduled to be trialled at Granny Smith in H2 2023. The purpose of this trial is to validate autonomous truck haulage over shift change when the mine is evacuated for blasting
  • In Australia, we are collaborating with METS Ignited and a number of technology providers to develop an automated platform to enable autonomous hole cleaning, preparation and surveying, with the long-term goal of enabling autonomous charging and scaling