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Reviewed Results | Year ended 31 December 2021

Review of Operations Salient feature and cost benchmarks

   United States Dollars    
Figures are in millions
unless otherwise stated 
Total 
Mine 
operations 
and 
projects 
including 
equity 
accounted 
Joint 
Venture 
Total 
Mine 
operations 
and 
projects 
excluding 
equity 
accounted 
Joint 
Venture 
South
African
Region 
West Africa
Region 
South
America
Region 
Ghana  Peru  Chile 
South 
Deep 
Total  Tarkwa  Damang  Asanko 
45%*
Cerro 
Corona 
Salares 
Norte 
Project 
Operating results    
Ore milled/treated
(000 tonnes)
Dec 2021    10,586  9,924  695  5,265  3,401  1,201  663  1,736  — 
Sept 2021    10,638  9,944  755  5,354  3,493  1,167  694  1,746  — 
Dec 2020    10,700    10,053  741  5,304  3,452  1,205  647  1,680  — 
Yield (grams per tonne) Dec 2021    1.9    2.0    3.4    1.3    1.2    1.7    1.1    1.4  — 
Sept 2021    1.8    1.9    3.6    1.2    1.2    1.5    1.0    1.2  — 
Dec 2020    1.8    1.8    2.6    1.3    1.1    1.9    1.4    0.9  — 
Gold produced (000 managed equivalent ounces) Dec 2021  653.6  630.9     76.8  216.2  129.1     64.5     22.6     79.6  — 
Sept 2021  628.4  606.1     88.2  214.4  135.7     56.4     22.3     69.4  — 
Dec 2020  613.0  583.4     61.5  230.1  127.2     73.3     29.5     47.9  — 
Gold produced (000 attributable equivalent ounces) Dec 2021  631.1  608.4     74.0  196.9  116.2     58.0     22.6     79.2  — 
Sept 2021  605.7  583.4     85.1  195.2  122.1     50.8     22.3     69.1  — 
Dec 2020  592.6  563.1     61.5  210.0  114.5     66.0     29.5     47.7  — 
Gold sold (000 managed equivalent ounces) Dec 2021  656.8  633.6     76.8  216.7  129.1     64.5     23.1     85.0  — 
Sept 2021  624.9  603.1     91.5  213.9  135.7     56.4     21.8     59.9  — 
Dec 2020  625.7  598.4     63.2  227.9  127.2     73.3     27.3     51.9  — 
Cost of sales before amortisation and depreciation (million) Dec 2021     (457.5)    (429.5)   (71.4)    (147.6)   (79.6)   (40.0)   (28.0)   (51.0) — 
Sept 2021     (427.5)    (400.7)   (85.7)    (134.9)   (73.2)   (34.9)   (26.9)   (33.4) — 
Dec 2020     (405.8)    (384.3)   (67.0)    (118.6)   (57.2)   (40.0)   (21.4)   (47.6) — 
Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne) Dec 2021  48  48  109  37  32  47  46  33  — 
Sept 2021  45  45  112  29  21  46  42  28  — 
Dec 2020  40  40  91  29  19  50  43  26  — 
Sustaining capital (million) Dec 2021     (165.4)    (162.1)   (31.1)   (56.4)   (45.8) (7.3) (3.3)&    (11.6) — 
Sept 2021     (157.0)    (152.1)   (17.9)   (64.7)   (55.4) (4.3) (4.9)&  (9.0) — 
Dec 2020     (128.2)    (123.8)   (22.1)   (47.4)   (38.2) (4.9) (4.4)&  (9.6) — 
Non-sustaining capital (million) Dec 2021     (176.6)    (174.4) (6.0) (2.4) —  (0.2) (2.2) (7.9)    (134.3)
Sept 2021     (144.8)    (144.2) (4.8) (2.2) —  (1.5) (0.7) (8.5)    (107.5)
Dec 2020    (79.1)   (73.5) (3.2) (5.6) —  —  (5.6) (8.4)   (54.8)
Total capital expenditure (million) Dec 2021     (342.0)    (336.5)   (37.1)   (58.8)   (45.8) (7.5) (5.5)   (19.5)    (134.3)
Sept 2021     (301.8)    (296.3)   (22.7)   (66.9)   (55.4) (5.8) (5.6)   (17.5)    (107.5)
Dec 2020     (207.3)    (197.3)   (25.3)   (53.0)   (38.2) (4.9)   (10.0)   (18.0)   (54.8)
All-in sustaining costs (dollar per ounce) Dec 2021  1,016  995  1,401  1,099  1,127  885  1,539     (138) — 
Sept 2021  1,013  990  1,155  1,072  1,091  823  1,598  24  — 
Dec 2020  964  954  1,443  962  996  824  1,174  513  — 
Total all-in cost (dollar per ounce) Dec 2021  1,090  1,067  1,479  1,123  1,127  915  1,680  63  — 
Sept 2021  1,081  1,058  1,208  1,097  1,091  879  1,697  342  — 
Dec 2020  1,007  988  1,494  991  996  824  1,418  834  — 

Average exchange rates were US$1 = R15.43, US$1 = R14.63 and US$1 = R15.61 for the December 2021, September 2021 and December 2020 quarters, respectively.
The Australian/US Dollar exchange rates were A$1 = US$0.73, A$1 = US$0.74 and A$1 = US$0.73 for the December 2021, September 2021 and December 2020 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$0.4m and US$2.1m (100% basis US$0.8m and US$4.7m) for the December 2021 and September 2021 quarters, respectively.

   United States Dollars  Australian Dollars  South African Rand 
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 2021  2,891  1,015  320  438  1,118  2,891  1,015  320  438  1,118  695 
Sept 2021  2,783  1,025  307  400  1,051  2,783  1,025  307  400  1,051  755 
Dec 2020  2,974  1,180  324  417  1,053  2,974  1,180  324  417  1,053  741 
Yield (grams per tonne) Dec 2021    3.0    3.4    5.6    5.6    0.9    3.0    3.4    5.6    5.6    0.9  3.4 
Sept 2021    2.9    2.9    5.4    6.1    0.9    2.9    2.9    5.4    6.1    0.9  3.6 
Dec 2020    2.9    2.8    6.3    5.0    1.0    2.9    2.8    6.3    5.0    1.0  2.6 
Gold produced (000 managed equivalent ounces) Dec 2021  281.0  110.5  57.5  79.1  33.9  281.0  110.5  57.5  79.1  33.9  2,387 
Sept 2021  256.3  94.0  53.8  78.9  29.7  256.3  94.0  53.8  78.9  29.7  2,744 
Dec 2020  273.4  106.4  65.3  66.4  35.4  273.4  106.4  65.3  66.4  35.4  1,914 
Gold produced (000 attributable equivalent ounces) Dec 2021  281.0  110.5  57.5  79.1  33.9  281.0  110.5  57.5  79.1  33.9  2,302 
Sept 2021  256.3  94.0  53.8  78.9  29.7  256.3  94.0  53.8  78.9  29.7  2,646 
Dec 2020  273.4  106.4  65.3  66.4  35.4  273.4  106.4  65.3  66.4  35.4  1,914 
Gold sold (000 managed equivalent ounces) Dec 2021  278.2  108.6  57.1  79.1  33.5  278.2  108.6  57.1  79.1  33.5  2,387 
Sept 2021  259.5  94.0  53.1  82.0  30.4  259.5  94.0  53.1  82.0  30.4  2,847 
Dec 2020  282.8  109.8  69.6  68.8  34.6  282.8  109.8  69.6  68.8  34.6  1,965 
Cost of sales before amortisation and depreciation (million) Dec 2021  (187.5)   (76.6)   (41.2)   (49.8)   (19.9) (257.0) (104.7)   (56.6)   (68.3)   (27.4) (1,107.2)
Sept 2021  (173.6)   (60.4)   (42.6)   (46.9)   (23.7) (236.2)   (82.4)   (57.9)   (63.8)   (32.0) (1,252.5)
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)
Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne) Dec 2021  63  65  135  112  22  87  90  186  153  30  1,694 
Sept 2021  66  72  134  112  23  90  97  182  152  32  1,638 
Dec 2020  55  49  123  111  18  75  67  168  152  25  1,429 
Sustaining capital (million) Dec 2021    (66.3)   (21.1)   (13.1)   (21.6)   (10.5)   (90.9)   (29.0)   (18.1)   (29.3)   (14.5)   (468.1)
Sept 2021    (65.5)   (23.3)   (15.0)   (16.7)   (10.5)   (88.8)   (31.7)   (20.4)   (22.5)   (14.2)   (260.9)
Dec 2020    (49.1)   (17.2) (9.7)   (13.7) (8.4)   (67.6)   (23.7)   (13.2)   (18.9)   (11.7)   (357.1)
Non-sustaining capital (million) Dec 2021    (25.9) (3.8)   (11.9) (9.9) (0.3)   (35.3) (5.2)   (16.1)   (13.6) (0.4) (92.4)
Sept 2021    (21.8) (3.9) (5.8)   (11.7) (0.4)   (29.5) (5.2) (7.9)   (15.7) (0.6) (70.9)
Dec 2020  (7.1) (3.0) (1.0) (2.7) (0.4) (9.3) (4.1) (1.2) (3.4) (0.6) (52.3)
Total capital expenditure (million) Dec 2021    (92.2)   (24.9)   (25.0)   (31.5)   (10.8) (126.2)   (34.2)   (34.2)   (42.9)   (14.9)   (560.5)
Sept 2021    (87.3)   (27.2)   (20.8)   (28.4)   (10.9) (118.3)   (36.9)   (28.3)   (38.2)   (14.8)   (331.8)
Dec 2020    (56.2)   (20.2)   (10.7)   (16.4) (8.8)   (76.9)   (27.8)   (14.4)   (22.3)   (12.3)   (409.4)
All-in sustaining costs (dollar per ounce) Dec 2021  1,019  978  1,091  1,007  1,058  1,397  1,339  1,500  1,378  1,453  691,362 
Sept 2021  1,018  955  1,214  873  1,267  1,386  1,302  1,651  1,186  1,716  542,660 
Dec 2020  903  816  893  1,023  960  1,243  1,123  1,226  1,413  1,324  734,814 
Total all-in cost (dollar per ounce) Dec 2021  1,112  1,013  1,299  1,133  1,067  1,524  1,387  1,782  1,550  1,465  730,076 
Sept 2021  1,102  996  1,322  1,015  1,281  1,499  1,358  1,800  1,378  1,736  567,550 
Dec 2020  928  843  907  1,062  971  1,276  1,160  1,244  1,463  1,340  761,455 

Average exchange rates were US$1 = R15.43, US$1 = R14.63 and US$1 = R15.61 for the December 2021, September 2021 and December 2020 quarters, respectively.
The Australian/US Dollar exchange rates were A$1 = US$0.73, A$1 = US$0.74 and A$1 = US$0.73 for the December 2021, September 2021 and December 2020 quarters, respectively. Figures may not add as they are rounded independently.