GOLD FIELDS LIMITED - Unaudited results for the tw18 Feb 2021
Unaudited results for the twelve months ended 31 December 2020

Gold Fields Limited
Incorporated in the Republic of South Africa)
Registration Number 1968/004880/06)
JSE, NYSE, DIFX Share Code: GFI
ISIN: ZAE000018123
("Gold Fields" or “the Company”)


UNAUDITED RESULTS FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2020

Gold Fields Limited is a globally diversified gold producer with nine operating mines
(including our Asanko Joint Venture) in Australia, Ghana, Peru and South Africa and a
project in Chile.

Gold Fields Limited (NYSE & JSE: GFI) announced normalised profit of US$878m for the year
ended 31 December 2020 compared with normalised profit of US$343m for the year ended 31
December 2019.
A final dividend number 93 of 320 SA cents per share (gross) is payable on 15 March 2021,
giving a total dividend for the year ended 31 December 2020 of 480 SA cents per share
(gross).

KEY STATISTICS
                                                                    United States    Dollars
                                                                Quarter                  Year ended
Figures in millions unless otherwise stated            December September December    December December
                                                       2020     2020      2019        2020     2019
Gold produced*                                oz (000) 593      557       590         2,236    2,195
Tonnes milled/treated                         000      10,700   10,433    10,519      42,706   38,342
Revenue (excluding Asanko)                    US$/oz   1,866    1,921     1,482       1,768    1,388
Cost of sales before gold
inventory change and
amortisation and depreciation
(excluding Asanko)                            US$/tonne 40       41       39         39        41
All-in sustaining costs                       US$/oz    971      964      864        977       897
Total all-in cost                             US$/oz    1,113    1,070    974        1,079     1,064
Net debt                                      US$m      1,069    1,159    1,664      1,069     1,664
Net debt (excluding lease
liabilities)                                  US$m        640    796      1,331      640       1,331
Net debt to EBITDA ratio                                  0.56   0.68     1.29       0.56      1.29
Cash flow from operating
activities less net capital
expenditure, environmental
payments, lease payments
and redemption of Asanko
preference shares                             US$m                                   631       249
Profit attributable to owners
of the parent                                 US$m                                   723.0     161.6
Profit per share attributable
to owners of the parent                       US c.p.s.                              82        20
Headline earnings attributable
to owners of the parent                       US$m                                   729.3     162.7
Headline earnings per share
attributable to owners
of the parent                                 US c.p.s.                              83        20
Normalised profit attributable
to owners of the parent                       US$m                                   878.8     343.4
Normalised profit per share
attributable to owners
of the parent                                 US c.p.s.                              100       42
* Gold produced in this table is attributable and includes Gold Fields share of 45% in Asanko.
At 31 December 2020, all operations are wholly owned except for Tarkwa and Damang in Ghana (90.0%), South
Deep in South Africa (96.67%), 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 7% of Group
production.
Figures may not add as they are rounded independently.



Final cash dividend
In line with the Company’s dividend policy, the Board has approved and declared a final
dividend number 93 of 320 SA cents per ordinary share (gross) in respect of the year
ended 31 December 2020. The final dividend will be subject to the Dividend Withholding
Tax of 20 per cent. In accordance with paragraphs 11.17(a) (i) and 11.17(c) of the JSE
Listings Requirements, the following additional information is disclosed:

•   The dividend has been declared out of income reserves;
•   The gross local dividend amount is 320 SA cents per ordinary share for shareholders
    exempt from dividends tax;
•   The Dividend Withholding Tax of 20 per cent (twenty per centum) will be applicable
    to this dividend;
•   The net local dividend amount is 256 SA cents per ordinary share for shareholders
    liable to pay the dividends tax;
•   Gold Fields currently has 883,578,092 ordinary shares in issue; and
•   Gold Fields’ income tax number is 9160035607.

Shareholders are advised of the following dates in respect of the final dividend:
• Final dividend number 93: 320 SA cents per share;
• Last date to trade cum-dividend: Tuesday, 9 March 2021;
• Sterling and US Dollar conversion date: Wednesday, 10 March 2021;
• Shares commence trading ex-dividend: Wednesday, 10 March 2021;
• Record date: Friday, 12 March 2021; and
• Payment of dividend: Monday, 15 March 2021.

Share certificates may not be dematerialised or rematerialised between Wednesday, 10
March 2021 and Friday, 12 March 2021, both dates inclusive.

This short-form announcement is the responsibility of the directors and is only a
summary of the information in the full results. The full results can be found on the
company's website at www.goldfields.com and on the JSE website at
https://senspdf.jse.co.za/documents/2021/jse/isse/GFIE/GoldFields.pdf

Any investment decision should be based on the full reviewed financial results
announcement published on SENS and on the company's website. The condensed consolidated
financial statements of Gold Fields for the year ended 31 December 2020 have been
reviewed by the company’s auditor, PricewaterhouseCoopers Inc., who expressed an
unqualified review conclusion thereon.

https://www.goldfields.com/reports/q4-2021/index.php

By order of the board
CA Carolus (Chair)
18 February 2021

Executive Directors: N J Holland† (Chief Executive Officer), P A Schmidt (Chief
Financial Officer)
Non-Executive Directors: A Andani#, P J Bacchus†, T P Goodlace, C E Letton^,
P Mahanyele–Dabengwa, R P Menell, S P Reid^, Y G H Suleman
^Australian, †British, #Ghanaian

www.goldfields.com

Sponsor:
JP Morgan Equities South Africa (Pty) Ltd
Company secretary:

A. Weststrate

Transfer secretaries:
Computershare Investor Services (Proprietary) Limited

Date: 18-02-2021 07:05:00
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