Logo
Media release iconMedia release
Reviewed Results | Year ended 31 December 2021

Key Statistics Key Statistics

      United States Dollars 
      Quarter  Year ended 
Figures in millions unless otherwise stated     December 
2021
 
September 
2021 
December 
2020 
December 
2021
 
December 
2020 
Gold produced*  oz (000) 631  606  593  2,340  2,236 
Tonnes milled/treated  000  10,586  10,638  10,700  42,229  42,706 
Revenue (excluding Asanko) US$/oz  1,805  1,770  1,866  1,794  1,768 
Cost of sales before gold inventory change and amortisation and depreciation (excluding Asanko) US$/tonne  48  45  40  45  39 
All-in sustaining costs#  US$/oz  1,055  1,016  971  1,063  977 
Total all-in cost#  US$/oz  1,369  1,263  1,113  1,297  1,079 
Net debt  US$m  969  1,037  1,069  969  1,069 
Net debt (excluding lease liabilities) US$m  553  620  640  553  640 
Net debt to adjusted EBITDA ratio     0.40  0.44  0.56  0.40  0.56 
Cash flow from operating activities less net capital expenditure, environmental payments, lease payments and redemption of Asanko preference shares  US$m           463  631 
Profit attributable to owners of the parent  US$m           789.3  723.0 
Profit per share attributable to owners of the parent  US c.p.s.           89  82 
Headline earnings attributable to owners of the parent  US$m           890.0  729.3 
Headline earnings per share attributable to owners of the parent  US c.p.s.           100  83 
Normalised profit attributable to owners of the parent  US$m           928.7  878.8 
Normalised profit per share attributable to owners of the parent  US c.p.s.           105  100 
* Gold produced in this table is attributable and includes Gold Fields’ share of 45% in Asanko.
# Refer to All-in Costs (Unreviewed)
At 31 December 2021, all operations are wholly owned except for Tarkwa and Damang in Ghana (90.0%), South Deep in South Africa (96.43%), Cerro Corona in Peru (99.5%), Gruyere JV (50%) and Asanko JV (45% equity share).
Gold produced and sold throughout this report includes copper gold equivalents of approximately 6% of Group production.
All-in sustaining costs and total all-in cost in the key statistics table include all Gold Fields operations, projects and offices. The tables on Fair Value Hierarchy (Reviewed) and Underground and Surface present only the mining operations.
Figures may not add as they are rounded independently.

Pro forma financial information
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. To the extent that these measures are not extracted from the segment disclosure included in the reviewed condensed consolidated financial statements of Gold Fields Limited for the year ended 31 December 2021, 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 attributable to the owners of the parent, normalised profit per share attributable to the owners of the parent, net debt (including and excluding lease liabilities), adjusted EBITDA, adjusted free cash flow margin for LTIP purposes, sustaining capital expenditure, non-sustaining capital expenditure, adjusted free cash flow, adjusted free cash flow from operations, 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 on Independent Auditor's Review Report On Condensed Consolidated Financial Statements of this report.

STOCK DATA FOR THE YEAR ENDED DECEMBER 2021

Number of shares in issue        NYSE – (GFI)   
– at 31 December 2021  887,717,348     Range – Year  US$7.75 – US$12.21 
– average for the year  887,306,342     Average Volume – Year  6,289,319 shares/day 
Free float  100 per cent     JSE LIMITED – (GFI)   
ADR ratio  1:1     Range – Year  ZAR117.26 – ZAR188.30 
Bloomberg/Reuters  GFISJ/GFLJ.J     Average volume – Year  3,241,695 shares/day