Gold Fields

SALIENT FEATURES AND COST BENCHMARKS

      Total
Mine
  Total
Mine
      West Africa
Region
  South
America
Region
 
      operations
including
equity
  perations
excluding
equity
  South
African
Region
  Ghana   Peru  
Figures are in millions
unless otherwise stated
    accounted
Joint Venture
  accounted
Joint Venture
  South
Deep
  Total   Tarkwa   Damang   Asanko
45%
  Cerro 
Corona
 
 
Operating Results
Ore milled/treated (000 tonnes) June 2020   11,227    10,490    408    5,849    3,835    1,277    737    1,690   
March 2020   10,346    9,716    546    5,259    3,479    1,150    630    1,675   
June 2019   9,037    8,418    282    5,227    3,441    1,167    619    1,652   
Yield (grams per tonne) June 2020   1.6    1.6    3.0    1.2    1.2    1.2    1.3    0.9   
March 2020   1.7    1.7    3.5    1.1    1.1    1.0    1.5    1.2   
June 2019   1.9    1.9    6.3    1.3    1.2    1.5    1.4    1.5   
Gold produced (000 managed equivalent ounces) June 2020   569.4    538.3    39.8    226.4    144.5    50.8    31.1    46.3   
March 2020   553.8    523.9    60.6    193.9    127.1    36.9    29.8    62.3   
June 2019   559.9    532.0    57.3    216.8    134.2    54.6    27.9    80.3   
Gold sold (000 managed equivalent ounces) June 2020   578.8    551.2    39.8    223.0    144.5    50.8    27.6    52.6   
March 2020   551.1    520.6    58.0    194.6    127.1    36.9    30.5    60.4   
June 2019   565.6    535.7    58.6    218.7    134.2    54.6    29.9    76.9   
Cost of sales before amortisation and depreciation (million) June 2020   (399.9)   (378.0)   (41.4)   (147.7)   (79.6)   (46.3)   (21.9)   (44.8)  
March 2020   (409.3)   (389.3)   (61.9)   (159.6)   (82.6)   (57.0)   (20.1)   (34.0)  
June 2019   (379.5)   (358.1)   (65.1)   (138.2)   (86.5)   (30.3)   (21.4)   (38.7)  
Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne) June 2020   35    35    98    27    19    45    34    23   
March 2020   40    39    114    30    24    40    42    25   
June 2019   42    42    222    27    26    28    32    24   
Sustaining capital (million) June 2020   (108.8)   (104.2)   (6.5)   (45.4)   (38.8)   (2.1)   (4.6)&   (4.4)
March 2020   (76.0)   (75.2)   (7.5)   (31.2)   (28.7)   (1.6)   (0.8)&   (4.5)
June 2019   (89.9)   (78.9)   (8.3)   (42.3)   (29.7)   (1.5)   (11.0)   (9.0)  
Non-sustaining capital (million) June 2020   (20.2)   (14.5)   (0.1)   (7.7)   —    (2.1)   (5.6)   (3.4)  
March 2020   (23.5)   (22.0)   (0.5)   (4.2)   —    (2.6)   (1.6)   (7.1)  
June 2019   (105.8)   (104.2)   —    (24.9)   —    (23.2)   (1.7)   (0.5)  
Total capital expenditure (million) June 2020   (128.9)   (118.7)   (6.6)   (53.1)   (38.8)   (4.2)   (10.2)   (7.7)  
March 2020   (99.5)   (97.2)   (8.0)   (35.4)   (28.7)   (4.2)   (2.4)   (11.6)  
June 2019   (195.7)   (183.1)   (8.3)   (67.2)   (29.7)   (24.7)   (12.7)   (9.5)  
All-in-sustaining costs (dollar per ounce) June 2020   987    983    1,227    1,021    982    1,108    1,067    669   
March 2020   968    978    1,227    1,105    994    1,734    805    446   
June 2019   895    878    1,275    917    958    673    1,180    364   
Total all-in-cost (dollar per ounce) June 2020   1,025    1,011    1,231    1,060    982    1,149    1,305    783   
March 2020   1,015    1,023    1,236    1,130    994    1,804    881    647   
June 2019   1,096    1,087    1,275    1,032    958    1,097    1,247    381   

Average exchange rates were US$1 = R17.98, US$1 = R15.03 and US$1 = R14.40 for the June 2020, March 2020 and June 2019 quarters, respectively.
The Australian/US Dollar exchange rates were A$1 = US$0.65, A$1 = US$0.67 and A$1 = US$0.70 for the June 2020, March 2020 and June 2019 quarters, respectively.
Figures may not add as they are rounded independently.

• Equity accounted Joint Venture.

& Includes Gold Fields 45% share of deferred stripping of US$1.4m and US$0.4m (100% basis US$3.1m and US$0.9m) for the June 2020 and March 2020 quarters, respectively.

SALIENT FEATURES AND COST BENCHMARKS


 

    United States Dollars
      Australia
Region
      Australia
Figures are in millions
unless otherwise stated
    Total   St Ives   Agnew   Granny
Smith
  Gruyere
50%
 
Operating Results                        
Ore milled/treated
(000 tonnes)
June 2020   3,280    1,362    377    448    1,094   
  March 2020   2,867    1,154    322    429    963   
  June 2019   1,877    1,152    305    420    —   

Yield (grams per tonne)

June 2020   2.4    2.2    4.8    4.7    1.0   
March 2020   2.6    2.5    4.6    4.8    1.0   
June 2019   3.3    2.3    5.8    4.8    —   

Gold produced (000 managed equivalent ounces)

June 2020   256.9    94.9    58.5    67.5    35.9   
March 2020   236.9    93.1    47.4    66.6    29.8   
June 2019   205.6    84.6    56.4    64.7    —   

Gold sold (000 managed equivalent ounces)

June 2020   263.4    103.8    57.2    67.4    35.1   
March 2020   238.1    93.3    48.3    66.6    29.9   
June 2019   211.5    90.2    56.4    64.7    —   

Cost of sales before amortisation and depreciation (million)

June 2020   (166.0)   (63.4)   (42.1)   (41.7)   (18.8)  
March 2020   (153.8)   (60.2)   (37.0)   (39.4)   (17.2)  
June 2019   (137.5)   (60.7)   (39.3)   (37.5)   —   

Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne)

June 2020   49    44    113    92    16   
March 2020   52    48    114    93    19   
June 2019   70    49    135    90    —   

Sustaining capital (million)

June 2020   (52.5)   (17.0)   (12.9)   (15.5)   (7.0)  
March 2020   (32.8)   (16.5)   (8.8)   (5.1)   (2.4)  
June 2019   (30.3)   (11.8)   (12.6)   (6.0)   —   

Non-sustaining capital (million)

June 2020   (9.0)   (2.3)   (2.7)   (3.5)   (0.4)  
March 2020   (11.7)   (1.5)   (2.0)   (8.0)   (0.2)  
June 2019   (80.5)   (14.1)   (13.6)   (11.4)   (41.5)  

Total capital expenditure (million)

June 2020   (61.4)   (19.3)   (15.6)   (19.0)   (7.4)  
March 2020   (44.5)   (18.1)   (10.8)   (13.1)   (2.6)  
June 2019   (110.9)   (25.9)   (26.2)   (17.4)   (41.5)  

All-in-sustaining costs (dollar per ounce)

June 2020   959    878    1,119    991    874   
March 2020   876    891    1,047    770    785   
June 2019   868    873    983    760    —   

Total all-in-cost (dollar per ounce)

June 2020   993    900    1,167    1,043    886   
March 2020   925    907    1,090    890    791   
June 2019   1,249    1,029    1,224    936    —   

 

 

 

    Australian Dollars South
African
Rand
      Australia
Region
South
Africa
Region
 
      Australia  
Figures are in millions
unless otherwise stated
    Total   St Ives   Agnew   Granny
Smith
  Gruyere
50%
  South
Deep
Operating Results
Ore milled/treated
(000 tonnes)
June 2020   3,280    1,362    377    448    1,094    408 
  March 2020   2,867    1,154    322    429    963    546 
  June 2019   1,877    1,152    305    420    —    282 

Yield (grams per tonne)

June 2020   2.4    2.2    4.8    4.7    1.0    3.0 
March 2020   2.6    2.5    4.6    4.8    1.0    3.5 
June 2019   3.3    2.3    5.8    4.8    —    6.3 

Gold produced (000 managed equivalent ounces)

June 2020   256.9    94.9    58.5    67.5    35.9    1,238 
March 2020   236.9    93.1    47.4    66.6    29.8    1,885 
June 2019   205.6    84.6    56.4    64.7    —    1,782 

Gold sold (000 managed equivalent ounces)

June 2020   263.4    103.8    57.2    67.4    35.1    1,238 
March 2020   238.1    93.3    48.3    66.6    29.9    1,803 
June 2019   211.5    90.2    56.4    64.7    —    1,822 

Cost of sales before amortisation and depreciation (million)

June 2020   (255.9)   (97.8)   (64.8)   (64.3)   (29.0)   (774.3)
March 2020   (231.1)   (90.4)   (55.6)   (59.2)   (25.9)   (930.7)
June 2019   (196.2)   (86.6)   (56.1)   (53.4)   —    (934.7)

Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne)

June 2020   76    68    173    141    25    1,846 
March 2020   79    72    172    140    28    1,718 
June 2019   99    69    192    129    —    3,189 

Sustaining capital (million)

June 2020   (80.6)   (26.3)   (19.9)   (23.7)   (10.8)   (118.0)
March 2020   (49.4)   (24.8)   (13.2)   (7.7)   (3.7)   (112.7)
June 2019   (43.2)   (16.8)   (17.9)   (8.5)   —    (119.2)

Non-sustaining capital (million)

June 2020   (13.9)   (3.6)   (4.2)   (5.5)   (0.6)   (3.2)
March 2020   (17.6)   (2.3)   (3.1)   (12.0)   (0.2)   (7.7)
June 2019   (115.4)   (20.1)   (19.5)   (16.2)   (59.6)   — 

Total capital expenditure (million)

June 2020   (94.4)   (29.8)   (24.0)   (29.2)   (11.4)   (121.2)
March 2020   (67.0)   (27.2)   (16.3)   (19.7)   (3.9)   (120.3)
June 2019   (158.6)   (36.9)   (37.4)   (24.7)   (59.6)   (119.2)

All-in-sustaining costs (dollar per ounce)

June 2020   1,476    1,353    1,723    1,524    1,345    735,521 
March 2020   1,316    1,339    1,574    1,157    1,180    592,925 
June 2019   1,238    1,245    1,402    1,085    —    590,492 

Total all-in-cost (dollar per ounce)

June 2020   1,529    1,388    1,796    1,606    1,363    738,079 
March 2020   1,390    1,364    1,637    1,338    1,188    597,181 
June 2019   1,781    1,468    1,747    1,335    —    590,492 

Average exchange rates were US$1 = R17.98, US$1 = R15.03 and US$1 = R14.40 for the June 2020, March 2020 and June 2019 quarters, respectively. The Australian/US Dollar exchange rates were A$1 = US$0.65, A$1 = US$0.67 and A$1 = US$0.70 for the June 2020, March 2020 and June 2019 quarters, respectively. Figures may not add as they are rounded independently.