Unaudited results for the twelve months ended 31 December 2021
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 2021
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 and JSE: GFI) announced profit attributable to owners of the parent for the year ended 31
December 2021 of US$789m (US$0.89 per share). This compared with profit of US$723m (US$0.82 per share) for the year
ended 31 December 2020.
A final dividend number 95 of 260 SA cents per share (gross) is payable on 14 March 2022, giving a total dividend for
the year ended 31 December 2021 of 470 SA cents per share(gross).
KEY STATISTICS
United States Dollars
Quarter Year ended
Figures in millions unless otherwise stated December September December December December
2021 2021 2020 2021 2020
Gold produced* oz (000) 631 606 593 2,340 2,236
Tonnes milled/treated 000 10,586 10,638 10,700 42,229 42,706
Revenue (excluding Asanko) US$/oz 1,805 1,770 1,866 1,794 1,768
Cost of sales before gold inventory change and amortisation US$/tonne 48 45 40 45 39
and depreciation (excluding Asanko)
All?in sustaining costs US$/oz 1,055 1,016 971 1,063 977
Total all?in cost US$/oz 1,369 1,263 1,113 1,297 1,079
Net debt US$m 969 1,037 1,069 969 1,069
Net debt (excluding lease liabilities) US$m 553 620 640 553 640
Net debt to adjusted EBITDA ratio 0.40 0.44 0.56 0.40 0.56
Cash flow from operating activities less net capital expenditure, US$m 463 631
environmental payments lease payments and redemption of Asanko preference shares
Profit attributable to owners of the parent US$m 789.3 723.0
Profit per share attributable to owners of the parent US c.p.s. 89 82
Headline earnings attributable to owners of the parent U S$m 890.0 729.3
Headline earnings per share attributable to owners of the parent US c.p.s. 100 83
Normalised profit attributable to owners of the parent US$m 928.7 878.8
Normalised profit per share attributable to owners of the parent US c.p.s. 105 100
* Gold produced in this table is attributable and includes Gold Fields share of 45% in Asanko.
At 31 December 2021, all operations are wholly owned except for Tarkwa and Damang in Ghana (90.0%), South Deep in South
Africa (96.43%), Cerro Corona in Peru (99.5%), Gruyere JV (50%) and Asanko JV (45% equity share).
Gold produced and sold includes copper gold equivalents of approximately 6% of Group production.
All-in-sustaining costs and total all-in cost in the key statistics table include all Gold Fields operations, projects
and offices.
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 95 of 260
SA cents per ordinary share (gross) in respect of the year ended 31 December 2021. 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 260 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 208 SA cents per ordinary share for shareholders liable to pay the dividends tax;
- Gold Fields currently has 887,717,348 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 95: 260 SA cents per share;
- Last date to trade cum-dividend: Tuesday, 8 March 2022;
- Sterling and US Dollar conversion date: Wednesday, 9 March 2022;
- Shares commence trading ex-dividend: Wednesday, 9 March 2022;
- Record date: Friday, 11 March 2022; and
- Payment of dividend: Monday, 14 March 2022.
Share certificates may not be dematerialised or rematerialised between Wednesday, 9 March 2022 and Friday,
11 March 2022, 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/2022/jse/isse/GFIE/FY21Result.pdf
Any investment decision should be based on the full announcement published on SENS and available on the Company's
website. The condensed consolidated financial statements of Gold Fields for the year ended 31 December 2021 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)
17 February 2022
Executive Directors: C Griffith Chief Executive Officer), P A Schmidt (Chief Financial Officer)
Non?Executive Directors: A Andani#, P J Bacchus , T P Goodlace, S P Reid^, P G Sibiya, Y G H Suleman, JE McGill^
^Australian, British, #Ghanaian
https://www.goldfields.com/reports/q4?2022/index.php
Sponsor:
JP Morgan Equities South Africa (Pty) Ltd
Company secretary:
A. Weststrate
Transfer secretaries:
Computershare Investor Services (Proprietary) Limited
Date: 17-02-2022 07:05:00
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