Gold Fields Limited (GFI) announced the completion of the previously announced sale of its interest in the Asanko joint venture in Ghana to its joint venture partner Galiano Gold Inc. (GAU) and its subsidiaries. This move aligns with Gold Fields' broader strategy to optimize its portfolio and focus on core assets.On Dec 22, 2023, the company announced that GAU would pay another Gold Fields subsidiary, Gold Fields Orogen Holding  Limited  ("GF Orogen") and an affiliate an aggregate cash purchase price of $15 ...

Financial Data and Key Metrics Changes - Adjusted free cash flow for the year was $367 million, with operating cash flow exceeding $1 billion, indicating strong cash generation despite a slight increase in debt levels to fund the Salares Norte project [3][16][25] - Normalized earnings reached $900 million, reflecting a 5% year-on-year increase, while all-in costs were reported at $1,512 per ounce, within the guidance range [25][27] Business Line Data and Key Metrics Changes - South Deep contributed over $200 million in free cash flow, showcasing significant improvement from previous years [34][49] - Production from Ghana was 8% lower at 633,000 ounces, primarily due to planned decreases, while Tarkwa's production increased by 4% to 551,000 ounces [20][21] Market Data and Key Metrics Changes - The Australian operations accounted for over 45% of total production, generating around 1 million ounces, with costs expected to rise by 24% in 2024 due to various factors including the St. Ives microgrid project [40][41] - In Peru, gold equivalent production at Cerro Corona decreased by 8% to 239,000 ounces, with costs rising by 15% due to unseasonably heavy rain and the mine nearing the end of its life [45] Company Strategy and Development Direction - The company aims to maintain a disciplined capital allocation strategy, focusing on safe and reliable production while ensuring a strong balance sheet [31][28] - The Salares Norte project is nearing completion, with first gold expected by April 2024, and ongoing exploration efforts to extend the mine's life [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in safety performance, with a commitment to improving safety systems and culture following recent fatalities [9][12] - The company is focused on addressing rising costs and ensuring capital discipline while progressing towards its 2030 ESG targets, particularly in decarbonization [28][37] Other Important Information - The board approved a $195 million micro-grid project at St. Ives, expected to provide nearly 75% of the mine's electricity needs and reduce electricity costs by almost half [10][14] - The company has set ambitious targets for reducing Scope 3 emissions by 10% by 2030, which will require significant engagement with suppliers [14] Q&A Session Summary Question: Why does Salares Norte production decline sharply from 580,000 ounces in 2025 to an average of 485,000 ounces between 2025 and 2029? - Management explained that the decline is due to the strategy of accessing higher-grade areas first, which was anticipated based on the ore body's characteristics [78] Question: When will the chinchilla relocation become an issue for mining? - The chinchilla relocation is set to commence at the end of February and will continue until May, with mining in the impacted area expected to start around Q2 of 2029 [80] Question: How does the company plan to manage sticky cost pressures and maintain cash margins? - Management indicated that maintaining net debt below 1x EBITDA is a priority, and they will focus on capital spending to help manage all-in sustaining costs [81] Question: What are the immediate opportunities for improvement identified by management? - Management highlighted safety improvements and the successful delivery of the Salares Norte project as key areas for focus, viewing them as opportunities rather than pain points [82] Question: What is the outlook for growth after Salares and the Yamana setback? - Management noted that the gold sector may see further consolidation and emphasized the importance of growing cash flow per share through quality ounces rather than just production volume [83]

Falcor Investment Thesis Gold Fields Limited (NYSE:GFI) is a gold mining company headquartered in South Africa with 2.25Moz in gold equivalent production per year and $1,381/oz in AISC (all-in sustaining costs). In addition to organic development by GFI, there are significant secular tailwinds for gold, which we discuss in our article on the modern gold market. Gold reached a historic all-time high of $2,122/oz on December 3. Gold has been a historically stable value asset, one of the few options now that T ...

Exhibit 99.1 Our operating environment remained challenging during the period, with elevated mining cost inflation and strong competition for skills in our key mining jurisdictions presenting significant headwinds. Despite these challenges, Gold Fields delivered solid operating results, with attributable production decreasing 4% (in line with plan) and all-in costs (AIC) rising only 3%. Normalised earnings decreased by 9% YoY and the Company generated free cash flow of US$140m, allowing us to declare an int ...

Exhibit 96.2 D FIELDS Goldfields.com Technical Report Summary of Mineral reserves and Mineral resources 31 December 2022 For Gold Fields Limited – Tarkwa Gold Mine – Ghana Page 1 | 123 Table of Contents | 1 | | Executive Summary | | --- | --- | --- | | | 1.1 | Property description and ownership . | | | 1.2 | Geology and mineralisation . | | | 1.3 | Exploration, development and operations | | | 1.4 | Mineral resource estimates . | | | 1.5 | Mineral reserve estimates | | | 1.6 | Capital and operating cost est ...

As filed with the Securities and Exchange Commission on 30 March 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ Form 20-F _______________________ (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...

Gold Fields: BMO conference Martin Preece: Interim CEORecently commissioned 50MW solar plant at South Deep Forward Looking Statements These forward-looking statements, including among others, those relating to Gold Fields' future business prospects, financial positions, production and operational guidance, climate and ESG-related statements, targets and metrics, are necessarily estimates reflecting the best judgement of the senior management of Gold Fields and involve a number of risks and uncertainties tha ...

Exhibit 99.1 Reviewed results For the year ended 31 December 2022 2022 was an eventful year for Gold Fields, dominated by the Yamana transaction, which we terminated following a competing bid. I have stepped in as interim CEO, after the resignation of Chris Griffith in December 2022. My first commitment to our People is that of Zero Harm. Our concept of Zero Harm does not only cover physical injuries and health, but also includes the psychological well-being of our People. I will work with our teams across ...

Chris Griffith: CEORecently commissioned solar plant at Gruyere in Australia 1 Gold Fields H1 2022 Results Chris Griffith: CEO Important information Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934 with respect to Gold Fields' financial condition, results of operations, business strategies, operating efficiencies, competitive position, growth opport ...

Reviewed Results I Six months ended 30 June 1 STATEMENT BY CHRIS GRIFFITH, CEO Strong operational performance and cash generation in H1 2022 The operating environment during H1 2022 was dominated by elevated mining cost inflation driven by rising commodity and fuel prices. Despite these challenges, Gold Fields had a strong H1 2022, with production increasing 9% YoY and all-in costs rising only 6% YoY. As a result of the increased production combined with a 3% higher gold price, the company increased its nor ...