Gold Fields

SALIENT FEATURES

                                       
Figures in millions
unless otherwise stated
 
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  
South
Deep
  Total Tarkwa Damang Asanko*
45%
  Cerro
Corona
 
Operating Results Dec 2019   10,519       9,861       563       5,254 3,426 1,171 657       1,722  
Ore milled/treated° Sept 2019   9,850       9,202       563       5,242 3,437 1,158 648       1,648  
(000 tonnes) Dec 2018   8,571       8,014       159       4,986 3,457 972 557       1,602  
Yield Dec 2019   1.8       1.8       3.8       1.2 1.1 1.2 1.4       1.3  
(grams per tonne) Sept 2019   1.8       1.7       3.4       1.2 1.2 1.3 1.3       1.2  
  Dec 2018   1.8       1.8       2.1       1.2 1.2 1.3 1.5       1.8  
Gold produced Dec 2019   607.3       577.6       69.4       197.5 120.9 46.9 29.8       70.8  
(000 managed equivalent ounces) Sept 2019   540.7       512.6       61.0       205.1 127.3 49.7 28.1       64.8  
  Dec 2018   526.5       499.6       11.0       200.9 134.0 40.0 26.9       93.2  
Gold sold Dec 2019   610.9       581.2       73.5       197.5 120.9 46.9 29.7       74.8  
(000 managed equivalent ounces) Sept 2019   523.2       494.9       58.4       205.4 127.3 49.7 28.4       65.6  
  Dec 2018   524.9       497.1       16.3       201.9 134.0 40.0 27.8       87.4  
Cost of sales before amortisation Dec 2019   (402.2)       (377.9)       (60.7)       (148.2) (75.6) (48.4) (24.2)       (42.1)  
and depreciation Sept 2019   (374.8)       (350.7)       (64.2)       (141.2) (82.7) (34.5) (24.0)       (39.3)  
(million) Dec 2018   (372.3)       (348.4)       (52.0)       (139.1) (82.6) (32.6) (23.9)       (38.4)  
Cost of sales before gold inventory Dec 2019   39       39       107       27 21 39 38       27  
change and amortisation and depreciation Sept 2019   46       44       120       28 25 34 32       25  
(dollar per tonne) Dec 2018   43       43       267       30 25 40 46       27  
Sustaining capital Dec 2019   (121.0)       (118.9)       (7.6)       (32.1) (30.1) 0.1 (2.1)&       (24.2)  
(million) original interpretation Sept 2019   (114.4)       (109.5)       (8.0)       (33.9) (27.1) (1.9) (4.9)&       (15.5)  
  Dec 2018   (134.2)       (129.8)       (10.8)       (42.1) (34.2) (3.4) (4.4)       (12.6)  
Non-sustaining capital Dec 2019   (10.3)       (7.7)             (10.3) (7.7) (2.6)        
(million) original interpretation Sept 2019   (20.6)       (19.5)             (18.2)# (17.1)# (1.1)        
  Dec 2018   (33.5)       (29.0)       (1.3)       (32.3)# (27.7)# (4.5)        
Total capital expenditure Dec 2019   (131.4)       (126.7)       (7.6)       (42.4) (30.1) (7.6) (4.7)       (24.2)  
(million) Sept 2019   (134.8)       (128.8)       (8.0)       (52.1) (27.1) (18.9) (6.1)       (15.5)  
  Dec 2018   (167.7)       (158.8)       (12.1)       (74.2) (34.2) (31.1) (8.9)       (12.6)  
All-in-sustaining costs Dec 2019   912       909       932       1,024 989 1,149 969       628  
(dollar per ounce) original interpretation Sept 2019   1,011       1,000       1,258       967 969 842 1,179       698  
  Dec 2018   1,009       1,003       3,906       951 924 937 1,105       252  
All-in-sustaining costs Dec 2019   854       847       932       1,024 989 1,149 969       412  
(dollar per ounce) revised interpretation Sept 2019   940       925       1,258       967 969 842 1,179       604  
Dec 2018                            
Total all-in-cost Dec 2019   932       923       932       1,082 989 1,313 1,094       628  
(dollar per ounce) Sept 2019   1,057       1,042       1,258       1,067 969 1,185 1,301       698  
  Dec 2018   1,076       1,064       3,986       1,105 924 1,601 1,266       252  

      United States Dollars  
      Australia
Region
 
      Australia  
      Total St Ives Agnew Granny
Smith
Gruyere
50%
 
Operating Results Dec 2019   2,980 1,145 338 471 1,026  
Ore milled/treated° Sept 2019   2,396 1,070 307 464 555  
(000 tonnes) Dec 2018   1,824 1,081 280 463  
Yield Dec 2019   2.8 2.9 5.1 4.7 1.1  
(grams per tonne) Sept 2019   2.7 2.2 5.1 4.7 0.8  
  Dec 2018   3.8 2.5 6.9 4.8  
Gold produced Dec 2019   269.6 107.8 55.7 71.1 35.0  
(000 managed equivalent ounces) Sept 2019   209.8 75.2 50.4 69.7 14.6  
  Dec 2018   221.3 87.9 62.4 71.0  
Gold sold Dec 2019   265.2 101.9 58.4 71.1 33.7  
(000 managed equivalent ounces) Sept 2019   193.7 78.2 45.7 69.8  
  Dec 2018   219.3 87.9 60.2 71.2  
Cost of sales before amortisation Dec 2019   (151.2) (53.1) (44.2) (40.2) (13.7)  
and depreciation Sept 2019   (130.1) (53.2) (36.2) (40.7)  
(million) Dec 2018   (142.8) (60.1) (39.2) (43.5)  
Cost of sales before gold inventory Dec 2019   55 54 124 83 19  
change and amortisation and depreciation Sept 2019   78 57 140 88  
(dollar per tonne) Dec 2018   73 45 146 94  
Sustaining capital Dec 2019   (57.2) (23.8) (6.2) (22.0) (5.2)  
(million) Sept 2019   (56.8) (23.8) (15.3) (17.7)  
(original interpretation) Dec 2018   (68.7) (33.8) (19.7) (15.3)  
Non-sustaining capital Dec 2019    
(million) Sept 2019   (2.5) (2.5)  
(original interpretation) Dec 2018    
Total capital expenditure Dec 2019   (57.2) (23.8) (6.2) (22.0) (5.2)  
(million) Sept 2019   (59.2) (23.8) (15.3) (17.7) (2.5)  
  Dec 2018   (68.7) (33.8) (19.7) (15.3)  
All-in-sustaining costs Dec 2019   868 817 943 966 683  
(dollar per ounce) original interpretation Sept 2019   1,041 1,050 1,200 927  
Dec 2018   1,003 1,109 1,013 862  
All-in-sustaining costs Dec 2019   775 702 939 787 683  
(dollar per ounce) revised interpretation Sept 2019   878 873 1,061 763  
Dec 2018    
Total all-in-cost Dec 2019   868 817 943 966 684  
(dollar per ounce) Sept 2019   1,054° 1,050 1,200 927  
  Dec 2018   1,003 1,109 1,013 862  

      Australian Dollars     South African
Rand
 
      Australia
Region
    South Africa
Region
 
      Australia    
      Total St Ives Agnew   Granny
Smith
Gruyere
50%
South
Deep
 
Operating Results Dec 2019   2,980 1,145 338   471 1,026     563  
Ore milled/treated Sept 2019   2,396 1,070 307   464 555     563  
(000 tonnes) Dec 2018   1,824 1,081 280   463     159  
Yield Dec 2019   2.8 2.9 5.1   4.7 1.1     3.8  
(grams per tonne) Sept 2019   2.7 2.2 5.1   4.7 0.8     3.4  
  Dec 2018   3.8 2.5 6.9   4.8     2.1  
Gold produced Dec 2019   269.6 107.8 55.7   71.1 35.0     2,159  
(000 managed equivalent ounces) Sept 2019   209.8 75.2 50.4   69.7 14.6     1,897  
  Dec 2018   221.3 87.9 62.4   71.0     343  
Gold sold Dec 2019   265.2 101.9 58.4   71.1 33.7     2,286  
(000 managed equivalent ounces) Sept 2019   193.7 78.2 45.7   69.8     1,818  
  Dec 2018   219.3 87.9 60.2   71.2     508  
Cost of sales before amortisation Dec 2019   (221.0) (77.9) (64.6)   (58.8) (19.7)     (897.3)  
and depreciation Sept 2019   (189.6) (77.6) (52.8)   (59.2)     (936.5)  
(million) Dec 2018   (198.1) (82.8) (54.7)   (60.6)     (762.7)  
Cost of sales before gold inventory Dec 2019   80 79 182   122 27     1,581  
change and amortisation and depreciation Sept 2019   114 82 203   127     1,742  
(dollar per tonne) Dec 2018   101 62 203   130     4,797  
Sustaining capital Dec 2019   (83.9) (34.9) (9.5)   (32.1) (7.5)     (112.1)  
(million) Sept 2019   (82.9) (34.6) (22.5)   (25.8)     (117.1)  
(original interpretation) Dec 2018   (95.9) (46.9) (27.4)   (21.6)     (152.7)  
Non-sustaining capital Dec 2019          
(million) Sept 2019   (3.7)   (3.7)      
(original interpretation) Dec 2018         (24.0)  
Total capital expenditure Dec 2019   (76.5) (34.9) (9.5)   (32.1) (7.5)     (112.1)  
(million) Sept 2019   (86.7) (34.6) (22.5)   (25.8) (3.7)     (117.1)  
  Dec 2018   (95.9) (46.9) (27.4)   (21.6)     (176.7)  
All-in-sustaining costs Dec 2019   1,268 1,197 1,385   1,411 983     443,563  
(dollar per ounce) original interpretation Sept 2019   1,519 1,533 1,756   1,347     588,855  
Dec 2018   1,393 1,533 1,413   1,204     1,834,112  
All-in-sustaining costs Dec 2019   1,131 1,028 1,374   1,150 983     443,563  
(dollar per ounce) revised interpretation Sept 2019   1,280 1,275 1,548   1,109     588,855  
  Dec 2018          
Total all-in-cost Dec 2019   1,269 1,197 1,385   1,411 983     443,563  
(dollar per ounce) Sept 2019   1,538° 1,533 1,756   1,347     588,855  
  Dec 2018   1,393 1,533 1,413   1,204     1,881,395  

Average exchange rates were US$1 = R14.40, US$1 = R14.04 and US$1 = R12.49 for the June 2019, March 2019 and June 2018 quarters, respectively.
The Australian/US dollar exchange rates were A$1 = US$0.70, A$1 = US$0.71 and A$1 = US$0.76 for the June 2019, March 2019 and June 2018 quarters, respectively.
Figures may not add as they are rounded independently.
# Relates to non-sustaining capital expenditure for Damang re-investment project.
* Equity accounted Joint Venture.
& Includes Gold Fields 45 per cent share of deferred stripping of US$20.5 million and US$2.9 million for the June 2019 and March 2019 quarters, respectively.
Δ Includes non-sustaining capital expenditure for Gruyere Gold mine project of US$23.5 million (A$33.0 million) for March 2019 and US$41.5 million (A$59.0 million) for June 2019.
Օ Excludes Gruyere physicals.