ALL-IN COST (Revised interpretation) (Unreviewed)

World Gold Council Industry Standard


		Total Group Including Equity Accounted Joint Venture	Total Mine Operations Including Equity Accounted Joint Venture	Total Mine Operations Excluding Equity Accounted Joint Venture	South Africa Region	West Africa Region				South America Region
						Ghana				Peru
Figures in millions unless otherwise stated					South Deep	Total	Tarkwa	Damang	Asanko 45%	Cerro Corona

Cost of sales before gold	Six months to June 2020	(803.8)	(803.8)	(752.5)	(102.5)	(310.7)	(156.0)	(103.3)	(51.3)	(79.5)
inventory change and	Six months to Dec 2019	(810.5)	(810.5)	(766.2)	(127.5)	(288.8)	(159.5)	(84.9)	(44.4)	(87.3)
amortisation and depreciation	Six months to June 2019	(742.9)	(742.9)	(700.3)	(118.5)	(278.4)	(170.3)	(65.5)	(42.6)	(81.2)
Gold inventory change	Six months to June 2020	(5.2)	(5.2)	(14.8)	(0.8)	3.6	(6.1)	0.1	9.6	0.8
	Six months to Dec 2019	35.4	35.4	37.3	2.5	1.4	1.3	2.0	(1.9)	5.9
	Six months to June 2019	6.1	6.1	5.6	1.2	20.3	13.1	6.8	0.5	—
Royalties	Six months to June 2020	(52.4)	(52.4)	(47.7)	(0.8)	(28.3)	(17.9)	(5.8)	(4.6)	(2.7)
	Six months to Dec 2019	(44.4)	(44.4)	(40.1)	(1.0)	(24.2)	(14.4)	(5.6)	(4.2)	(2.8)
	Six months to June 2019	(37.1)	(37.1)	(33.6)	(0.6)	(19.7)	(11.5)	(4.7)	(3.5)	(2.7)
Realised gains/(losses) on	Six months to June 2020	(4.4)	(4.4)	(4.4)	—	(2.9)	(2.2)	(0.7)	—	—
commodity cost hedges	Six months to Dec 2019	4.0	4.0	4.0	—	2.5	1.8	0.7	—	—
	Six months to June 2019	4.5	4.5	4.5	—	2.9	2.1	0.8	—	—
Community/social	Six months to June 2020	(3.9)	(3.9)	(3.9)	(0.5)	(2.7)	(2.5)	(0.2)	—	(0.7)
responsibility costs	Six months to Dec 2019	(5.5)	(5.5)	(5.5)	(0.6)	(3.7)	(3.3)	(0.4)	—	(1.2)
	Six months to June 2019	(12.6)	(12.6)	(12.5)	(1.1)	(9.3)	(8.5)	(0.7)	(0.1)	(2.2)
Non-cash remuneration –	Six months to June 2020	(6.8)	(2.9)	(2.9)	0.7	(1.5)	(1.6)	0.1	—	(0.7)
share-based payments	Six months to Dec 2019	(9.5)	(3.5)	(3.5)	1.2	(2.6)	(1.6)	(0.9)	—	—
	Six months to June 2019	(11.2)	(6.4)	(6.4)	(0.5)	(2.6)	(1.7)	(0.9)	—	(1.1)
Cash remuneration	Six months to June 2020	(25.4)	(21.7)	(21.7)	(2.2)	(5.9)	(4.2)	(1.7)	—	(4.3)
(long-term incentive plan)	Six months to Dec 2019	(2.6)	(2.3)	(2.3)	(1.0)	(1.1)	(0.6)	(0.4)	—	0.2
	Six months to June 2019	(5.8)	(4.2)	(4.2)	(0.7)	(1.0)	(0.7)	(0.3)	—	(0.6)
Other	Six months to June 2020	(0.4)	(0.4)	(0.4)	—	(0.4)	—	(0.4)	—	—
	Six months to Dec 2019	(0.9)	(0.9)	(0.9)	—	—	—	—	—	(0.9)
	Six months to June 2019	(2.5)	(1.6)	(1.6)	—	—	—	—	—	(1.6)
By-product credits	Six months to June 2020	64.5	64.5	64.3	0.2	0.7	0.5	—	0.2	62.9
	Six months to Dec 2019	81.2	81.2	81.0	0.2	1.0	0.8	—	0.2	79.5
	Six months to June 2019	87.3	87.3	87.1	0.1	1.1	0.9	0.1	0.2	85.6
Rehabilitation amortisation	Six months to June 2020	(12.2)	(12.2)	(12.1)	(0.1)	(4.3)	(3.2)	(1.0)	(0.1)	(3.5)
and interest	Six months to Dec 2019	(10.1)	(10.0)	(9.8)	(0.1)	(3.1)	(2.2)	(0.7)	(0.2)	(2.9)
	Six months to June 2019	(10.2)	(10.0)	(9.9)	(0.1)	(2.9)	(2.0)	(0.7)	(0.2)	(3.0)
Sustaining capital expenditure	Six months to June 2020	(185.7)	(184.8)	(179.3)	(14.0)	(76.6)	(67.5)	(3.7)	(5.4)	(8.9)
	Six months to Dec 2019	(170.3)	(168.5)	(161.5)	(15.5)	(66.0)	(57.2)	(1.8)	(7.0)#	(29.2)
	Six months to June 2019	(172.0)	(171.3)	(158.7)	(17.6)	(84.8)	(68.3)	(4.0)	(12.5)#	(14.6)
Lease payments	Six months to June 2020	(34.9)	(33.8)	(31.5)	(0.1)	(13.7)	(7.7)	(3.7)	(2.4)	(0.6)
	Six months to Dec 2019	(36.2)	(32.5)	(27.8)	(0.1)	(16.2)	(7.8)	(3.7)	(4.7)	(0.6)
	Six months to June 2019	(29.9)	(24.5)	(20.6)	(0.1)	(15.2)	(7.6)	(3.6)	(3.9)	(0.4)
All-in sustaining costs	Six months to June 2020	(1,070.6)	(1,061.0)	(1,007.0)	(120.0)	(442.7)	(268.3)	(120.4)	(54.0)	(37.3)
	Six months to Dec 2019	(969.2)	(957.5)	(895.2)	(142.0)	(400.7)	(242.7)	(95.7)	(62.3)	(39.3)
	Six months to June 2019	(925.9)	(912.7)	(850.6)	(137.8)	(389.7)	(254.6)	(72.8)	(62.2)	(21.5)
Exploration, feasibility	Six months to June 2020	(22.1)	(2.2)	(0.5)	—	(1.7)	—	—	(1.7)	(0.5)
and evaluation costs	Six months to Dec 2019	(32.0)	(5.3)	(1.8)	—	(3.4)	—	—	(3.4)	(1.8)
	Six months to June 2019	(25.5)	(1.1)	(0.3)	—	(0.8)	—	—	(0.8)	(0.3)
Non-sustaining capital	Six months to June 2020	(63.1)	(43.7)	(36.5)	(0.7)	(11.9)	—	(4.7)	(7.2)	(10.5)
expenditure	Six months to Dec 2019	(97.5)	(95.4)	(91.7)	—	(28.5)	—	(24.7)	(3.7)	(10.7)
	Six months to June 2019	(199.6)	(134.7)	(131.2)	—	(49.2)	—	(45.7)	(3.5)	(1.7)

Total all-in cost
	Six months to June 2020	(1,155.8)	(1,106.9)	(1,044.0)	(120.7)	(456.3)	(268.3)	(125.0)	(62.9)	(48.3)
	Six months to Dec 2019	(1,098.7)	(1,058.1)	(988.7)	(142.0)	(432.6)	(242.7)	(120.5)	(69.4)	(51.8)
	Six months to June 2019	(1,151.0)	(1,048.5)	(981.9)	(137.8)	(439.7)	(254.6)	(118.6)	(66.5)	(23.6)
Total all-in sustaining cost	Six months to June 2020	(1,070.6)	(1,061.0)	(1,007.0)	(120.0)	(442.7)	(268.3)	(120.4)	(54.0)	(37.3)
	Six months to Dec 2019	(969.2)	(957.5)	(895.2)	(142.0)	(400.7)	(242.7)	(95.7)	(62.3)	(39.3)
	Six months to June 2019	(925.9)	(912.7)	(850.6)	(137.8)	(389.7)	(254.6)	(72.8)	(62.2)	(21.5)
Gold only ounces sold	Six months to June 2020	1,085.0	1,085.0	1,026.9	97.8	417.6	271.7	87.8	58.1	68.1
– (000 ounces)	Six months to Dec 2019	1,072.1	1,072.1	1,014.0	131.9	402.8	248.1	96.6	58.1	78.4
	Six months to June 2019	1,040.5	1,040.5	986.6	90.1	436.6	270.9	111.8	53.9	81.3
AISC per ounce of gold sold	Six months to June 2020	987	978	981	1,227	1,060	988	1,371	929	547
US$/oz	Six months to Dec 2019	904	893	883	1,076	995	978	991	1,072	501
	Six months to June 2019	891	877	862	1,529	892	940	652	1,155	264
Total all-in cost	Six months to June 2020	(1,155.8)	(1,106.9)	(1,044.0)	(120.7)	(456.3)	(268.3)	(125.0)	(62.9)	(48.3)
	Six months to Dec 2019	(1,098.7)	(1,058.1)	(988.7)	(142.0)	(432.6)	(242.7)	(120.5)	(69.4)	(51.8)
	Six months to June 2019	(1,151.0)	(1,048.5)	(981.9)	(137.8)	(439.7)	(254.6)	(118.6)	(66.5)	(23.6)
Gold only ounces sold	Six months to June 2020	1,085.0	1,085.0	1,026.9	97.8	417.6	271.7	87.8	58.1	68.1
– (000 ounces)	Six months to Dec 2019	1,072.1	1,072.1	1,014.0	131.9	402.8	248.1	96.6	58.1	78.4
	Six months to June 2019	1,040.5	1,040.5	986.6	90.1	436.6	270.9	111.8	53.9	81.3
AIC per ounce of gold sold	Six months to June 2020	1,065	1,020	1,017	1,234	1,093	988	1,425	1,083	709
US$/oz	Six months to Dec 2019	1,025	987	975	1,076	1,074	978	1,247	1,195	661
	Six months to June 2019	1,106	1,008	995	1,529	1,007	940	1,061	1,235	290

The comparatives for the six months ended June 2019 and Dec 2019 have been updated to the New Interpretation of the WCG AIC standard.

^#	Includes Gold Fields 45% share of deferred stripping of US$1.8m (100% basis US$4.0m) and US$10.5m (100% basis US$23.4m) for the six months ended 30 June 2020 and 31 December 2019, respectively.