For the year ended 31 December 2024
2024 was a year of two halves for Gold Fields. After a challenging first half of the year, I am pleased to announce a significant improvement in our H2 2024 safety, operational and financial performance. The assets that were impacted by weather-related or operational challenges recovered during the second half of the year, contributing to Gold Fields posting a strong set of second half results and meeting our revised Group guidance for production volumes, all-in-sustaining costs (AISC) and all-in- costs (AIC).
Improved operational delivery in H2 2024 translated into a strong financial performance, allowing Gold Fields to declare a final dividend of 700 SA cents per share, which is 67% higher than the final dividend last year.
Significant improvement in safety,
operational and financial performance in
H2 2024
Attributable production ↓ 10% to
2.071Moz
All-in sustaining costs (AISC) ↑ 26% to
US$1,629/oz
All-in costs (AIC) ↑ 24% to
US$1,873/oz
Normalised profit* ↑ 36% to
US$1,227m
Adjusted free cash flow** ↑ 65% to
US$605m
Total dividend per share ↑ 34.2% to
R10
| * | Profit excluding gains and losses on foreign exchange, financial instruments, non-recurring NRV adjustments to stockpiles and non-recurring items after taxation and non-controlling interest effect. |
| ** | Cash flow from operating activities less net capital expenditure, environmental payments and lease payments. |
JOHANNESBURG, 20 February 2025: Gold Fields Limited (NYSE & JSE: GFI) announced profit attributable to owners of the parent for the year ended December 2024 of US$1,245.0m (US$1.39 per share). This compared with profit of US$703.3m (US$0.80 per share) for the year ended December 2023.
A final dividend of 700 SA cents per share (gross) is payable on 17 March 2025, giving a total dividend for the year ended 31 December 2024 of 1000 SA cents per share (gross).