Gold Fields

Key Statistics

    United States Dollars  
    Quarter Year ended  
Figures in millions unless otherwise stated
 
December
2019
  September
2019
  December
2018
      December
2019
  December
2018
 
Gold produced* oz (000) 590   523   509       2,195   2,036  
Tonnes milled/treated 000 10,519   9,850   8,571       38,342   34,110  
Revenue (excluding Asanko) US$/oz 1,482   1,469   1,212       1,388   1,252  
Cost of sales before gold inventory change and amortisation and depreciation (excluding Asanko) US$/tonne 39   44   43       41   42  
All-in sustaining costs# (original interpretation) US$/oz 922   1,018   1,016       970   981  
All-in sustaining costs (revised interpretation guidance – WGC) US$/oz 864   947         897    
Total all-in cost# US$/oz 974   1,084   1,213       1,064   1,173  
Net debt (pre-IFRS 16) US$m 1,331   1,401   1,612       1,331   1,687  
Net debt to EBITDA ratio (pre-IFRS 16)                   1.08   1.52  
Net debt (IFRS 16 impact included) US$m 1,664   1,735         1,664    
Net debt to EBITDA ratio (IFRS 16 impact included)                   1.29    
Cash flow from operating activities less net capital expenditure, environmental payments, lease payments and redemption of Asanko preference shares US$                 249   (122)  
Profit/(loss) attributable to owners of the parent US$m                 161.6   (348.2)  
Profit/(loss) per share attributable to owners of the parent US c.p.s.                 20   (42)  
Headline earnings attributable to owners of the parent US$m                 162.7   60.6  
Headline earnings per share attributable to owners of the parent US c.p.s.                 20   7  
Normalised profit attributable to owners of the parent US$m                 343.4   26.9  
Normalised profit per share attributable to owners of the parent US c.p.s.                 42   3  
* Gold produced in this table is attributable and includes Gold Fields share of 45% in Asanko.
# Refer to All-in costs (original interpretation) (unreviewed) and All-in costs - Australia Region (Original interpretation).

All operations are wholly owned except for Tarkwa and Damang in Ghana (90.0%), Cerro Corona in Peru (99.5%) and Asanko JV (45% equity share). Gold produced (and sold) throughout this report includes copper gold equivalents of approximately 7% of Group production.

Figures may not add as they are rounded independently.

This media release contains certain non-IFRS financial measures in respect of the Group’s financial performance, the statement of financial position and cash flows presented in order to provide users with relevant information and measures used by the Group to assess performance. Non-IFRS financial measures are financial measures other than those defined or specified under all relevant accounting standards. These measures constitute pro-forma financial information in terms of the JSE Listings Requirements and are the responsibility of the Group’s Board of Directors. They are presented for illustrative purposes only and due to their nature, may not fairly present Gold Fields’ financial position, changes in equity, results of operations or cash flows. In addition, these measures may not be comparable to similarly titled measures used by other companies.

The key non‑IFRS measures used include normalised profit, net debt (pre and post IFRS 16), adjusted EBITDA, free cash flow margin, cash flow from operating activities less net capital expenditure, environmental payments, lease payments and redemption of Asanko preference shares and all-in sustaining and total all-in costs. The applicable criteria on the basis of which this information has been prepared is set out in the notes accompanying the media release.

This pro-forma financial information has been reported on by the Group’s auditors, being PricewaterhouseCoopers Inc. Their unqualified reporting accountant’s report thereon is available for inspection at the Company’s registered address.