Gold Fields

Salient features and cost benchmarks

     United States Dollars   
Figures are in millions
unless otherwise stated
 
Total 
Mine 
operations 
including 
equity  accounted 
Joint  Venture
 
Total 
Mine 
operations 
excluding 
equity 
accounted 
Joint  Venture
 
South 
African 
Region
 
West Africa
Region
 
South 
America 
Region
 
Ghana  Peru 
South 
Deep
 
Total  Tarkwa  Damang  Asanko 
45%#
 
Cerro 
Corona
 
Operating results                   
Ore milled/treated
(000 tonnes)
Dec 2020  10,700  10,053  741  5,304  3,452  1,205  647    1,680 
Sept 2020  10,433  9,773  563  5,295  3,468  1,167  660    1,751 
Dec 2019  10,519  9,861  563  5,254  3,426  1,171  657    1,722 
Yield (grams per tonne) Dec 2020  1.8  1.8  2.6  1.3  1.1  1.9  1.4    0.9 
Sept 2020  1.7  1.8  3.6  1.2  1.1  1.6  1.0    0.9 
Dec 2019  1.8  1.8  3.8  1.2  1.1  1.2  1.4    1.3 
Gold produced (000 managed equivalent ounces) Dec 2020  613.0  583.4  61.5  230.1  127.2  73.3  29.5    47.9 
Sept 2020  576.3  554.2  64.9  211.2  127.3  61.9  22.0    50.5 
Dec 2019  607.3  577.6  69.4  197.5  120.9  46.9  29.8    70.8 
Gold sold (000 managed equivalent ounces) Dec 2020  625.7  598.4  63.2  227.9  127.2  73.3  27.3    51.9 
Sept 2020  556.1  531.9  65.9  213.5  127.3  61.9  24.3    40.6 
Dec 2019  610.9  581.2  73.5  197.5  120.9  46.9  29.7    74.8 
Cost of sales before amortisation and depreciation (million) Dec 2020  (405.8) (384.3) (67.0) (118.6) (57.2) (40.0) (21.4)   (47.6)
Sept 2020  (368.4) (337.7) (58.6) (137.0) (77.6) (28.6) (30.7)   (28.1)
Dec 2019  (402.2) (377.9) (60.7) (148.2) (75.6) (48.4) (24.2)   (42.1)
Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne) Dec 2020  40  40  91  29  19  50  43    26 
Sept 2020  41  41  102  32  21  59  42    20 
Dec 2019  39  39  107  27  21  39  38    27 
Sustaining capital (million) Dec 2020  (128.2) (123.8) (22.1) (47.4) (38.2) (4.9) (4.4)& (9.6)
Sept 2020  (107.9) (104.8) (7.7) (49.9) (41.5) (5.3) (3.1)& (5.2)
Dec 2019  (88.8) (86.7) (7.6) (32.1) (30.1) 0.1  (2.1)   (16.6)
Non-sustaining capital (million) Dec 2020  (24.3) (18.7) (3.2) (5.6) –  –  (5.6)   (8.4)
Sept 2020  (28.1) (22.7) (1.3) (6.8) –  (1.4) (5.4)   (7.4)
Dec 2019  (42.5) (39.9) –  (10.3) –  (7.7) (2.6)   (7.6)
Total capital expenditure (million) Dec 2020  (152.5) (142.5) (25.3) (53.0) (38.2) (4.9) (10.0)   (18.0)
Sept 2020  (136.0) (127.5) (9.0) (56.7) (41.5) (6.7) (8.5)   (12.6)
Dec 2019  (131.3) (126.6) (7.6) (42.4) (30.1) (7.6) (4.7)   (24.2)
All-in sustaining costs (dollar per ounce) Dec 2020  964  954  1,443  962  996  824  1,174    513 
Sept 2020  956  930  1,055  1,030  1,099  710  1,488    271 
Dec 2019  854  847  932  1,024  989  1,149  969    412 
Total all-in cost (dollar per ounce) Dec 2020  1,007  988  1,494  991  996  824  1,418    834 
Sept 2020  1,011  975  1,075  1,068  1,099  732  1,760    594 
Dec 2019  932  923  932  1,082  989  1,313  1,094    628 
Average exchange rates were US$1 = R15.61, US$1 = R16.91 and US$1 = R14.78 for the December 2020, September 2020 and December 2019 quarters, respectively.
The Australian/US Dollar exchange rates were A$1 = US$0.73, A$1 = US$0.72 and A$1 = US$0.68 for the December 2020, September 2020 and December 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$3.3m and US$1.5m (100% basis US$7.3m and US$3.4m) for the December 2020 and September 2020 quarters, respectively.

 

  United States Dollars  United States Dollars  South  Africa  Region 
Figures are in millions
unless otherwise stated
 
Australia
Region
 
Australia
Region
 
South  Africa  Region 
Australia  Australia   
Total  St Ives  Agnew  Granny 
Smith
 
Gruyere  50%  Total  St Ives  Agnew  Granny  Smith  Gruyere  50%  South 
Deep
 
Operating results                         
Ore milled/treated
(000 tonnes)
Dec 2020  2,974  1,180  324  417  1,053  2,974  1,180  324  417  1,053  741 
Sept 2020  2,825  1,122  334  425  944  2,825  1,122  334  425  944  563 
Dec 2019  2,980  1,145  338  471  1,026  2,980  1,145  338  471  1,026  563 
Yield (grams per tonne) Dec 2020  2.9  2.8  6.3  5.0  1.0  2.9  2.8  6.3  5.0  1.0  2.6 
Sept 2020  2.7  2.5  5.8  5.1  0.9  2.7  2.5  5.8  5.1  0.9  3.6 
Dec 2019  2.8  2.9  5.1  4.7  1.1  2.8  2.9  5.1  4.7  1.1  3.8 
Gold produced (000 managed equivalent ounces) Dec 2020  273.4  106.4  65.3  66.4  35.4  273.4  106.4  65.3  66.4  35.4  1,914 
Sept 2020  249.6  90.5  62.1  69.1  28.0  249.6  90.5  62.1  69.1  28.0  2,019 
Dec 2019  269.6  107.8  55.7  71.1  35.0  269.6  107.8  55.7  71.1  35.0  2,159 
Gold sold (000 managed equivalent ounces) Dec 2020  282.8  109.8  69.6  68.8  34.6  282.8  109.8  69.6  68.8  34.6  1,965 
Sept 2020  236.2  86.9  58.4  62.5  28.4  236.2  86.9  58.4  62.5  28.4  2,049 
Dec 2019  265.2  101.9  58.4  71.1  33.7  265.2  101.9  58.4  71.1  33.7  2,286 
Cost of sales before amortisation and depreciation (million) Dec 2020  (172.6) (62.3) (43.2) (47.3) (19.9) (237.6) (85.6) (59.3) (65.3) (27.3) (1,055.4)
Sept 2020  (144.7) (48.2) (40.5) (38.7) (17.3) (199.6) (65.7) (56.3) (53.6) (23.9) (990.1)
Dec 2019  (151.2) (53.1) (44.2) (40.2) (13.7) (221.0) (77.9) (64.6) (58.8) (19.7) (897.3)
Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne) Dec 2020  55  49  123  111  18  75  67  168  152  25  1,429 
Sept 2020  59  60  115  101  19  83  85  159  141  27  1,726 
Dec 2019  55  54  124  83  19  80  79  182  122  27  1,581 
Sustaining capital (million) Dec 2020  (49.1) (17.2) (9.7) (13.7) (8.4) (67.6) (23.7) (13.2) (18.9) (11.7) (357.1)
Sept 2020  (45.1) (11.2) (12.0) (13.0) (8.9) (62.9) (15.0) (16.8) (18.4) (12.7) (130.6)
Dec 2019  (32.6) (12.1) (5.9) (9.3) (5.2) (47.5) (17.7) (8.8) (13.6) (7.5) (112.1)
Non-sustaining capital (million) Dec 2020  (7.1) (3.0) (1.0) (2.7) (0.4) (9.3) (4.1) (1.2) (3.4) (0.6) (52.3)
Sept 2020  (12.6) (4.7) (2.7) (4.9) (0.3) (17.7) (6.7) (3.8) (6.8) (0.3) (22.3)
Dec 2019  (24.6) (11.7) (0.2) (12.7) –  (36.4) (17.2) (0.7) (18.5) –  – 
Total capital expenditure (million) Dec 2020  (56.2) (20.2) (10.7) (16.4) (8.8) (76.9) (27.8) (14.4) (22.3) (12.3) (409.4)
Sept 2020  (57.7) (15.9) (14.7) (17.9) (9.2) (80.6) (21.7) (20.6) (25.2) (13.0) (152.9)
Dec 2019  (57.2) (23.8) (6.1) (22.0) (5.2) (83.9) (34.9) (9.5) (32.1) (7.5) (112.1)
All-in sustaining costs (dollar per ounce) Dec 2020  903  816  893  1,023  960  1,243  1,123  1,226  1,413  1,324  734,814 
Sept 2020  931  785  1,039  965  1,076  1,288  1,071  1,448  1,342  1,505  572,447 
Dec 2019  775  702  939  787  683  1,131  1,028  1,374  1,150  983  443,563 
Total all-in cost (dollar per ounce) Dec 2020  928  843  907  1,062  971  1,276  1,160  1,244  1,463  1,340  761,455 
Sept 2020  984  839  1,085  1,044  1,085  1,363  1,149  1,513  1,451  1,518  583,344 
Dec 2019  868  817  943  966  684  1,269  1,197  1,385  1,411  983  443,563 

Average exchange rates were US$1 = R15.61, US$1 = R16.91 and US$1 = R14.78 for the December 2020, September 2020 and December 2019 quarters, respectively.

The Australian/US Dollar exchange rates were A$1 = US$0.73, A$1 = US$0.72 and A$1 = US$0.68 for the December 2020, September 2020 and December 2019 quarters, respectively.

Figures may not add as they are rounded independently.