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Media release
Reviewed Results | For the year ended 31 December 2023
Statement by Mike Fraser, CEO

Gold Fields is a business with quality operations that are run by talented and dedicated people, who care deeply about the work they do and are committed to delivering value for all of our stakeholders. I joined Gold Fields on 1 January 2024 and since then, I have had the opportunity to visit most of our operations and meet with our teams from across the globe.

I am pleased to report that for the year ended 31 December 2023, Gold Fields delivered on its original cost guidance despite operational challenges and persistent inflationary headwinds facing the industry. Group attributable production for the year, excluding Asanko, was 2.244m gold-equivalent ounces (Moz) was 99.7% of the guided range of 2.250Moz – 2.300Moz while Group all-in sustaining costs (AISC) at US$1,295/oz were better than the guided range of between US$1,300/oz and US$1,340/oz, as weaker exchange rates provided some reprieve to the inflationary pressures. Group all-in costs (AIC) were US$1,512/oz, also within the guided range of US$1,480/oz – US$1,520/oz.

Key features
US$367m
adjusted free cash flow*
US$1,002m
adjusted free cash flow from operations
US$900m
normalised earnings**
2.304m
ounces of attributable production
US$1,295
per ounce of all-in sustaining cost
US$1,512
per ounce of all-in cost

*  Cash flow from operating activities less net capital expenditure, environmental payments, lease payments and redemption of Asanko preference shares.

** Profit excluding gains and losses on foreign exchange, financial instruments and non-recurring items after taxation and non-controlling interest effect.

JOHANNESBURG, 22 February 2024: Gold Fields Limited (NYSE & JSE: GFI) announced profit attributable to owners of the parent for the year ended 31 December 2023 of US$703.3m (US$0.79 per share). This compared to profit of US$711.0m (US$0.80per share) for the year ended 31 December 2022.

A final dividend number 99 of 420 SA cents per share (gross) is payable on 18 March 2024, giving a total dividend for the year ended 31 December 2023 of 745 SA cents per share (gross).