All-in costs (Unreviewed)
World Gold Council Industry Standard
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United States Dollars |
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| Cost of sales before gold inventory change and amortisation and depreciation |
Year 2020 |
(1,661.9) |
(1,661.9) |
(1,554.7) |
(227.2) |
(634.7) |
(294.5) |
(233.1) |
(107.1) |
(158.3) |
| Year 2019 |
(1,553.5) |
(1,553.4) |
(1,466.4) |
(245.9) |
(567.2) |
(329.8) |
(150.4) |
(87.0) |
(168.4) |
| Gold inventory change |
Year 2020 |
78.5 |
78.5 |
65.5 |
(1.8) |
71.8 |
(2.4) |
61.2 |
13.0 |
3.9 |
| Year 2019 |
41.6 |
41.6 |
43.0 |
3.7 |
21.8 |
14.4 |
8.8 |
(1.4) |
6.0 |
| Royalties |
Year 2020 |
(114.4) |
(114.4) |
(105.0) |
(2.0) |
(62.5) |
(37.1) |
(16.0) |
(9.4) |
(5.6) |
| Year 2019 |
(81.4) |
(81.4) |
(73.7) |
(1.6) |
(43.9) |
(25.8) |
(10.3) |
(7.7) |
(5.5) |
| Realised gains/(losses) commodity cost hedges |
Year 2020 |
(10.2) |
(10.2) |
(10.2) |
– |
(6.8) |
(4.7) |
(2.1) |
– |
– |
| Year 2019 |
8.5 |
8.5 |
8.5 |
– |
5.4 |
3.9 |
1.5 |
– |
– |
| Community/social responsibility costs |
Year 2020 |
(12.4) |
(12.4) |
(12.4) |
(0.7) |
(7.9) |
(5.9) |
(2.0) |
– |
(3.9) |
| Year 2019 |
(18.2) |
(18.2) |
(18.0) |
(1.7) |
(13.0) |
(11.7) |
(1.2) |
(0.1) |
(3.4) |
| Non-cash remuneration – share-based payments |
Year 2020 |
(14.3) |
(6.6) |
(6.6) |
0.6 |
(2.8) |
(2.9) |
– |
– |
(1.5) |
| Year 2019 |
(20.5) |
(9.8) |
(9.8) |
0.8 |
(5.2) |
(3.4) |
(1.8) |
– |
(1.1) |
| Cash remuneration (long-term incentive plan) |
Year 2020 |
(49.2) |
(41.7) |
(41.7) |
(6.1) |
(12.7) |
(8.8) |
(3.9) |
– |
(5.3) |
| Year 2019 |
(9.1) |
(6.7) |
(6.7) |
(1.8) |
(2.2) |
(1.5) |
(0.7) |
– |
(0.4) |
| Other |
Year 2020 |
(1.0) |
(1.0) |
(1.0) |
– |
(1.0) |
– |
(1.0) |
– |
– |
| Year 2019 |
(5.3) |
(4.4) |
(4.4) |
– |
– |
– |
– |
– |
(4.4) |
| By-product credits |
Year 2020 |
148.3 |
148.3 |
147.9 |
0.6 |
1.8 |
1.3 |
0.1 |
0.4 |
144.1 |
| Year 2019 |
168.5 |
168.5 |
168.2 |
0.3 |
2.1 |
1.6 |
0.1 |
0.4 |
165.1 |
| Rehabilitation amortisation and interest |
Year 2020 |
(24.6) |
(24.6) |
(24.4) |
(0.1) |
(8.6) |
(6.2) |
(2.1) |
(0.2) |
(6.7) |
| Year 2019 |
(20.3) |
(20.1) |
(19.7) |
(0.2) |
(6.0) |
(4.2) |
(1.4) |
(0.4) |
(5.8) |
| Sustaining capital expenditure |
Year 2020 |
(422.0) |
(420.9) |
(408.0) |
(43.9) |
(174.0) |
(147.2) |
(13.8) |
(12.9)# |
(23.6) |
| Year 2019 |
(341.2) |
(339.8) |
(320.2) |
(33.1) |
(150.9) |
(125.5) |
(5.8) |
(19.6)# |
(43.8) |
| Lease payments |
Year 2020 |
(91.8) |
(89.9) |
(84.0) |
(0.1) |
(44.4) |
(26.5) |
(11.9) |
(5.9) |
(1.1) |
| Year 2019 |
(65.7) |
(57.0) |
(48.4) |
(0.1) |
(31.4) |
(15.4) |
(7.3) |
(8.7) |
(1.0) |
| All-in sustaining costs |
Year 2020 |
(2,175.0) |
(2,156.8) |
(2,034.6) |
(280.7) |
(881.9) |
(535.0) |
(224.7) |
(122.2) |
(58.1) |
| Year 2019 |
(1,894.3) |
(1,870.1) |
(1,745.6) |
(279.7) |
(790.5) |
(497.4) |
(168.6) |
(124.5) |
(60.8) |
| Realised gains/losses on capital cost hedges |
Year 2020 |
5.2 |
– |
– |
– |
– |
– |
– |
– |
– |
| Year 2019 |
– |
– |
– |
– |
– |
– |
– |
– |
– |
| Non-cash remuneration (share based payments) |
Year 2020 |
(0.2) |
– |
– |
– |
– |
– |
– |
– |
– |
| Year 2019 |
– |
– |
– |
– |
– |
– |
– |
– |
– |
| Cash remuneration (long term incentive plan) |
Year 2020 |
(2.1) |
– |
– |
– |
– |
– |
– |
– |
– |
| Year 2019 |
– |
– |
– |
– |
– |
– |
– |
– |
– |
| Lease payments |
Year 2020 |
(0.9) |
– |
– |
– |
– |
– |
– |
– |
– |
| Year 2019 |
– |
– |
– |
– |
– |
– |
– |
– |
– |
| Exploration, feasibility and evaluation costs |
Year 2020 |
(36.8) |
(5.4) |
(1.4) |
– |
(3.9) |
– |
– |
(3.9) |
(1.4) |
| Year 2019 |
(56.4) |
(6.4) |
(2.2) |
– |
(4.2) |
– |
– |
(4.2) |
(2.2) |
| Non-sustaining capital expenditure |
Year 2020 |
(192.9) |
(96.2) |
(77.9) |
(5.2) |
(24.3) |
– |
(6.1) |
(18.2) |
(26.3) |
| Year 2019 |
(298.2) |
(230.1) |
(222.9) |
– |
(77.7) |
– |
(70.5) |
(7.2) |
(12.4) |
| Total all-in cost |
Year 2020 |
(2,402.7) |
(2,258.4) |
(2,114.0) |
(285.9) |
(910.1) |
(535.0) |
(230.8) |
(144.4) |
(85.9) |
| Year 2019 |
(2,248.9) |
(2,106.6) |
(1,970.7) |
(279.7) |
(872.4) |
(497.4) |
(239.0) |
(136.0) |
(75.4) |
| Total all-in sustaining cost |
Year 2020 |
(2,175.0) |
(2,156.8) |
(2,034.6) |
(280.7) |
(881.9) |
(535.0) |
(224.7) |
(122.2) |
(58.1) |
| Year 2019 |
(1,894.3) |
(1,870.1) |
(1,745.6) |
(279.7) |
(790.5) |
(497.4) |
(168.6) |
(124.5) |
(60.8) |
| Gold only ounces sold – (000 ounces) |
Year 2020 |
2,226.4 |
2,226.4 |
2,116.7 |
226.9 |
858.9 |
526.3 |
223.0 |
109.7 |
120.2 |
| Year 2019 |
2,112.6 |
2,112.6 |
2,000.6 |
222.1 |
839.4 |
519.1 |
208.4 |
112.0 |
159.7 |
| AISC per ounce of gold sold US$/oz |
Year 2020 |
977 |
969 |
961 |
1,237 |
1,027 |
1,017 |
1,008 |
1,114 |
484 |
| Year 2019 |
897 |
885 |
873 |
1,259 |
942 |
958 |
809 |
1,112 |
381 |
| Total all-in cost |
Year 2020 |
(2,402.7) |
(2,258.4) |
(2,114.0) |
(285.9) |
(910.1) |
(535.0) |
(230.8) |
(144.4) |
(85.9) |
| Year 2019 |
(2,248.9) |
(2,106.6) |
(1,970.7) |
(279.7) |
(872.4) |
(497.4) |
(239.0) |
(136.0) |
(75.4) |
| Gold only ounces sold – (000 ounces) |
Year 2020 |
2,226.4 |
2,226.4 |
2,116.7 |
226.9 |
858.9 |
526.3 |
223.0 |
109.7 |
120.2 |
| Year 2019 |
2,112.6 |
2,112.6 |
2,000.6 |
222.1 |
839.4 |
519.1 |
208.4 |
112.0 |
159.7 |
| AIC per ounce of gold sold US$/oz |
Year 2020 |
1,079 |
1,014 |
999 |
1,260 |
1,060 |
1,017 |
1,035 |
1,316 |
715 |
| Year 2019 |
1,064 |
997 |
985 |
1,259 |
1,039 |
958 |
1,147 |
1,214 |
472 |
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| The comparatives for the year ended 31 December 2019 have been updated to the New Interpretation of the WGC AIC standard. |
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Includes Gold Fields 45% share of deferred stripping of US$6.7m (100% basis US$14.8m) and US$15.3m (100% basis US$34.0m) for the year ended 31 December 2020 and 31 December 2019, respectively. |
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