Gold Fields (GFI)

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Gold Fields (GFI) - 2021 Q4 - Annual Report
2022-03-30 16:00
As filed with the Securities and Exchange Commission on 31 March 2022 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 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...
Gold Fields (GFI) - 2021 Q4 - Earnings Call Presentation
2022-02-28 14:03
Gold Fields FY 2021 Results Chris Griffith: CEO Sunrise at South Deep Mine in South Africa Forward Looking Statements Certain statements in this document constitute "forward looking statements" within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward-looking statements in this document include among others those relating to environmental, social and governance (ESG)-related initiatives and metrics including Scope ...
Gold Fields (GFI) - 2021 Q4 - Earnings Call Transcript
2022-02-17 18:08
Gold Fields Ltd (NYSE:GFI) Q4 2021 Earnings Conference Call February 17, 2022 8:00 AM ET Company Participants Christopher Griffith - CEO & Executive Director Paul Schmidt - Financial Director, CFO & Executive Director Avishkar Nagaser - EVP, IR & Corporate Affairs Conference Call Participants Adrian Hammond - SBG Securities Patrick Mann - Bank of America Merrill Lynch Leroy Mnguni - HSBC Scott Macdonald - Scotiabank Christopher Griffith Good day, ladies and gentlemen. Welcome to Gold Fields' 2021 financial ...
Gold Fields (GFI) - 2021 Q2 - Earnings Call Transcript
2021-08-19 18:35
Gold Fields Limited (NYSE:GFI) Q2 2021 Earnings Conference Call August 19, 2021 9:00 AM ET Company Participants Chris Griffith - CEO Paul Schmidt - CFO Avishkar Nagaser - Head, IR Conference Call Participants Leroy Mnguni - HSBC Arnold Van Graan - Nedbank Raj Ray - BMO Capital Markets Tanya Jakusconek - Scotiabank Chris Griffith Hi, good morning, good afternoon and good evening to Gold Fields Interim Results Presentation for 2021. I'm going to be taking you through just first in the - just the agenda for to ...
Gold Fields (GFI) - 2020 Q4 - Annual Report
2021-03-30 16:00
Mineral Reserves and Resources - Gold Fields reported attributable gold-equivalent Mineral Reserves of 52.1 million ounces (Moz) as of December 31, 2020, an increase from 51.3 Moz in 2019[11] - The company has gold-equivalent Mineral Resources totaling 116.0 Moz, up from 115.7 Moz in the previous year[11] Production - Gold Fields achieved total attributable annual gold-equivalent production of 2.24 Moz[13] Financial Statements and Audit - The Integrated Annual Report 2020 includes audited consolidated financial statements for the year ended December 31, 2020, with no modifications to previously published results[5] - PwC Inc. audited the financial statements and raised a key audit matter regarding the impairment assessment of the South Deep cash-generating unit[6] Leadership and Strategic Changes - The company is undergoing a strategic transformation with a new CEO, Chris Griffith, taking over from Nick Holland effective April 1, 2021[7] Upcoming Events and Reports - The Annual General Meeting (AGM) is scheduled for May 6, 2021, to be held entirely by electronic communications[12] - The company plans to publish additional reports, including the Global Reporting Initiative (GRI) Content Index 2020 and the Climate Change Report, in April 2021[11] - The company will distribute the statutory Annual Financial Report 2020 and related documents to shareholders shortly[4] Operations - Gold Fields operates nine mines and one project across Australia, Chile, Ghana, Peru, and South Africa[13]
Gold Fields (GFI) - 2020 Q4 - Annual Report
2021-03-30 16:00
Table of Contents As filed with the Securities and Exchange Commission on 31 March 2021 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 Gold Fields Limited (Exact name of registrant as specified in its charter) Republic of South Africa (Jurisdiction of incorporation or organisation) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Gold Fields (GFI) - 2020 Q4 - Earnings Call Transcript
2021-02-19 21:43
Financial Data and Key Metrics Changes - Gold Fields reported a production increase of 2% year-over-year, reaching 2.236 million ounces despite COVID-19 disruptions [8] - Mine cash flow was $868 million, with normalized earnings rising to $879 million, reflecting a 2.5x increase from the previous year [9] - The company declared a total dividend of ZAR 4.80 per share, representing a payout ratio of approximately 30% of normalized earnings, consistent with its policy [10][11] - Net debt decreased significantly from $1.33 billion in 2019 to $640 million at the end of 2020, indicating effective debt management [13][14] Business Line Data and Key Metrics Changes - Australia produced over 1 million ounces, benefiting from a full year of Gruyere production, with all-in costs at $957 per ounce and cash flow of $498 million [20][21] - West Africa contributed just under 800,000 ounces with all-in costs of about $1,060, generating over $250 million in cash flow, bolstered by strong performance at Damang [22] - The Americas, particularly Cerro Corona, faced challenges with production dropping to 206,000 ounces due to COVID-19, resulting in a loss of approximately 46,000 ounces [23][25] - South Deep in South Africa also experienced a production loss of around 32,000 ounces due to COVID, but still managed a cash flow of $34 million [25][26] Market Data and Key Metrics Changes - The company highlighted the impact of COVID-19 on operations, with only two sites experiencing significant production interruptions, leading to an estimated loss of 80,000 ounces [5][6] - Active COVID-19 cases among employees were around 170, with a focus on mental health support for affected workers [16][18] Company Strategy and Development Direction - Gold Fields is focused on advancing the Salares Norte project, with construction tracking ahead of schedule and expected to be a significant contributor to future production [12][31] - The company aims to maintain a production range of 2 million to 2.5 million ounces annually over the next decade, with Salares projected to produce around 450,000 ounces at low costs [30] - The strategy includes organic growth through brownfields exploration and avoiding expensive M&A, emphasizing the importance of existing assets [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the ongoing challenges posed by COVID-19, emphasizing a commitment to employee safety and business sustainability [19][67] - The guidance for 2021 anticipates production of 2.3 million to 2.35 million ounces, with all-in sustaining costs slightly higher due to various operational factors [66] - The company is optimistic about increasing production at South Deep by 20% to 30% over the next 4 to 5 years, contingent on technological advancements and improved mining practices [74][75] Other Important Information - The company has made significant investments in ESG initiatives, including reducing carbon emissions and enhancing safety measures [39][44] - Gold Fields has increased its attributable reserves to 52.1 million ounces, reflecting successful exploration and resource management [56] Q&A Session Summary Question: Emphasis on reducing pollution through clean technologies and renewable energy - Management highlighted ongoing renewable energy projects at Agnew and Granny Smith, with plans for a solar project at South Deep to reduce carbon emissions [70][71] Question: Maximum steady-state production at restructured South Deep - Management indicated a potential increase of 20% to 30% over the 2021 guidance of 290,000 ounces, with no cap on future production potential [74][75] Question: Expected COVID-related operational costs in 2021 - Management suggested that many COVID-related costs in 2020 were one-off expenses and do not expect similar costs unless there are significant mandated shutdowns [77][78] Question: Movement in reserves and areas of decline - Management acknowledged a slight overall increase in reserves, with declines noted at Damang and Cerro Corona due to depletion and modeling changes [80][82] Question: Concerns regarding COVID-19 impacts on Salares Norte project - Management expressed confidence in logistics and risk mitigation strategies for the Salares Norte project, while acknowledging potential impacts from COVID-19 [84][87]
Gold Fields (GFI) Presents At Gold Forum Americas - Slideshow
2020-09-21 21:55
Gold Fields – Denver Gold Forum September 2020 Nick Holland: CEO Forward looking statement Certain statements in this document constitute "forward looking statements" within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include among others those relating to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for ...
Gold Fields (GFI) - 2020 Q2 - Earnings Call Transcript
2020-08-21 02:25
Gold Fields Limited (NYSE:GFI) Q2 2020 Results Conference Call August 20, 2020 10:00 AM ET Company Participants Avishkar Nagaser - Investor Relations Nick Holland - Chief Executive Officer Paul Schmidt - Chief Financial Officer Conference Call Participants Shilan Modi - UBS Tanya Jakusconek - Scotiabank Patrick Mann - Bank of America Nick Holland Good afternoon or good morning, everybody depending on where you are in the world today. We'd like to take you through the highlights of our first half year result ...
Gold Fields (GFI) - 2019 Q4 - Earnings Call Transcript
2020-02-13 22:32
Gold Fields Limited (NYSE:GFI) Q4 2019 Earnings Conference Call February 13, 2020 8:00 AM ET Company Participants Avishkar Nagaser - Executive Vice President, Investor Relations & Corporate Affairs Nick Holland - Chief Executive Officer Paul Schmidt - Chief Financial Officer Conference Call Participants Shilan Modi - UBS Adrian Hammond - Standard Bank Avishkar Nagaser Okay. Good morning, ladies and gentlemen. Can we get started please. Good morning again and welcome to Gold Fields' Results for the 12 months ...