Reviewed results for the six months ended 30 June 2022
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”)
REVIEWED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2022 – SHORT FORM ANNOUNCEMENT
Gold Fields has nine operating mines in Australia, Peru, South Africa and West Africa
(including the Asanko Joint Venture) and one project in Chile.
Gold Fields (NYSE and JSE: GFI) today announced profit attributable to owners of the
parent for the six months to 30 June 2022 of US$510m (US$0.57 per share). This
compared with profit of US$387m (US$0.44 per share) for the six months to 30 June
2021. An interim dividend of 300 SA cent per share (gross)is payable on 19 September
2022.
KEY STATISTICS
United States Dollars
Quarter Year ended
Figures in millions unless otherwise stated June March June June June
2022 2022 2021 2022 2021
Gold produced* oz (000) 621 580 563 1,201 1,104
Tonnes milled/treated 000 10,689 10,520 10,627 21,209 21,005
Revenue (excluding Asanko) US$/oz 1,820 1,884 1,820 1,851 1,799
Cost of sales before gold
inventory change and
amortisation and depreciation
(excluding Asanko) US$/tonne 48 47 44 47 44
All-in sustaining costs US$/oz 1,146 1,150 1,107 1,148 1,093
Total all-in cost US$/oz 1,382 1,320 1,297 1,352 1,274
Net debt US$m 851 984 1,097 851 1,097
Net debt (excluding lease
liabilities) US$m 451 559 663 451 663
Net debt to adjusted EBITDA
ratio 0.33 0.39 0.49 0.33 0.49
Cash flow from operating
activities less net capital
expenditure, environmental
payments, lease payments
and redemption of Asanko
preference shares US$m 292.7 180.4
Profit attributable to owners
of the parent US$m 509.7 387.4
Profit per share attributable
to owners of the parent US c.p.s. 57 44
Headline earnings attributable
to owners of the parent US$m 518.0 395.5
Headline earnings per share
attributable to owners
of the parent US c.p.s. 58 45
Normalised profit attributable
to owners of the parent US$m 498.4 430.5
Normalised profit per share
attributable to owners
of the parent US c.p.s. 56 49
* Gold produced in this table is attributable and includes Gold Fields share of 45% in Asanko.
At 30 June 2022, 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 throughout this report includes copper gold equivalents of approximately 6% of Group
production.
Final cash dividend
In line with the Company’s dividend policy, the Board has approved and declared an
interim dividend number 96 of 300 SA cents per ordinary share (gross) in respect of the
six months ended 30 June 2022 (30 June 2021: 210 SA cents per ordinary share). The
interim dividend will be subject to the Dividend Withholding Tax of 20 per cent. In
accordance with paragraphs 11.17 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 300 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 240 SA cents per ordinary share for shareholders
liable to pay the dividends tax;
• Gold Fields currently has 891,248,083 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 96: 300 SA cents per share;
• Declaration date: Thursday, 25 August 2022;
• Last date to trade cum-dividend: Tuesday, 13 September 2022;
• Sterling and US Dollar conversion date: Wednesday, 14 September 2022;
• Shares commence trading ex-dividend: Wednesday, 14 September 2022;
• Record date: Friday, 16 September 2022; and
• Payment of dividend: Monday, 19 September 2022.
Share certificates may not be dematerialised or rematerialised between Wednesday, 14
September 2022 and Friday, 16 September 2022, both dates inclusive.
Short-form announcement
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/HY22Result.pdf
Any investment decision should be based on the full reviewed financial results
announcement published on SENS and on the Company's website. Copies of the full results
may also be requested at the Company's registered office, at no charge, by emailing
investors@goldfields.com during office hours on normal business days and the offices of
the sponsor.
This short-form announcement has not been reviewed but has been correctly extracted
from the reviewed financial results. The condensed consolidated financial statements of
Gold Fields for the six months ended 30 June 2022 have been reviewed by the Company’s
auditor, PricewaterhouseCoopers Inc., who expressed an unqualified review conclusion
thereon which can be found at https://www.goldfields.com/reports/q2-2022/index.php.
By order of the board
YGH Suleman (Chair)
25 August 2022
Executive Directors: CI Griffith** (Chief Executive Officer), PA Schmidt** (Chief
Financial Officer)
Non-Executive Directors: A Andani #, PJ Bacchus†, MC Bitar@, TP Goodlace, JE McGill^,
SP Reid^, PG Sibiya
^Australian, †British, @Chilean, #Ghanaian, ** Executive Director
www.goldfields.com
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd
Company secretary:
A. Weststrate
Transfer secretaries:
Computershare Investor Services (Proprietary) Limited
Date: 25-08-2022 07:05:00
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