Gold Fields Limited · JSE:GFI
Gold Fields — BMO Global Metals, Mining & Critical Minerals Conference 2024
21 slides from Gold Fields's conference presentation, Feb 26, 2024
Slide 1: Gold Fields – BMO Global Metals, Mining & Critical Minerals Conference 2024
GOLD FIELDS – BMO GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE 2024 Mike Fraser: CEO Brecha Principal open pit, Salares Norte 1
Slide 2: Important Information
IMPORTANT INFORMATION Forward Looking Statements This announcement contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this announcement ma
Slide 3: About Gold Fields
7 ABOUT GOLD FIELDS.’ see
Slide 4: Globally Diversified Portfolio
GLOBALLY DIVERSIFIED PORTFOLIO FY 2023 mine cash flow per region FY 2023 att. production contribution Gold Fields Group Peru: 10% Mines: 9 (incl. Asanko) Peru: US$75m (8%) Projects: 2 South Africa: Countries: 6 US$204m (20%) Australia: Ghana: 30% 46% Att. production: 2,304koz AIC: US$1,512/oz Austra
Slide 5: Well Defined Strategy
WELL DEFINED STRATEGY Gold Fields | BMO Conference| 26 February 2024 5
Slide 6: Value Proposition
VALUE PROPOSITION TRACK RECORD OF SOUND CAPITAL PIPELINE OF COMMITMENT TO MEETING ALLOCATION: QUALITY ASSETS: OUR PEOPLE: GUIDANCE: • Investing in sustaining • Organic options, • Improve safety • Met original AIC and capital including Invincible • Strong balance sheet performance, both AISC guidance
Slide 7: Recent Share Price Performance
RECENT SHARE PRICE PERFORMANCE Gold Fields and peer share price performance - past three years (rebased to 100 as at May 2021) 160 Total shareholder returns of 386% (or 140 37% pa) over the past 5 years* 120 100 80 60 40 28-May-21 28-Nov-21 28-May-22 28-Nov-22 28-May-23 28-Nov-23 Gold Fields Large c
Slide 8: ESG
z ESG 50MW Solar plant at South Deep
Slide 9: 2030 ESG Targets
2030 ESG TARGETS • 30% women representation • 30% of total value created benefits • Zero fatalities host communities • Zero serious injuries • 6 legacy programmes benefiting host • Zero serious environmental incidents communities • Net zero emissions by 2050 • Conformance to the Global Industry • 80
Slide 10: Decarbonisation
DECARBONISATION Scope 1 and 2 net emissions transition pathway to 2030 (kt CO2e) 855 2023: 702 18 2,395 656 788 31 40 6 13 81 277 43 31 93 14 8 9 1,693 407 759 211 423 13 130 151 482 379 1,185 31 1 605 629 1 198 Installed projects Approved projects Trials Diesel Energy 525 2016 Actual Growth Without
Slide 11: 2023 Performance
z 2023 PERFORMANCE Tarkwa open pit
Slide 12: Operational Performance: 2023
OPERATIONAL PERFORMANCE: 2023 koz Group production and AIC -4% +4% US$/oz 2 500 1 800 1 600 Att. production (incl. Asanko) 2 000 1 400 1 500 1 200 1 000 2,304koz 1 000 800 600 -4% YoY 500 400 200 0 0 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 guidance All-in sustaining costs +17% Production AIC
Slide 13: Financial Performance: 2023
FINANCIAL PERFORMANCE: 2023 Normalised earnings Adjusted free cash flow Adjusted free cash flow** US$900m from operations* US$367m US$1,002m Net debt Net debt to EBITDA Total dividend US$1,024m 0.42x R7.45/share Dividend yield of 3% *Adjusted free cash flow from operations = Cash flow from operating
Slide 14: Update on Growth Projects
UPDATE ON GROWTH PROJECTS Gold Fields BMO Conference| 26 February 2024 Windfall Project 14
Slide 15: Salares Norte Project
SALARES NORTE PROJECT Circuit A (throughput) Circuit B (85% of metal) Circuit C (15% of metal) (crushers, mills, leaching, thickeners, tailings) (Merrill Crowe circuit) (Carbon circuit) Status Pre-commissioning: Complete Pre-commissioning: In progress Pre-commissioning: Early stages Commissioning: N
Slide 16: Salares Norte Project Continued…
SALARES NORTE PROJECT CONTINUED… Key metrics Latest estimate First production April 2024 • 2024: 250koz eq • 2025: 580koz eq Production • 2026: 600koz eq • Ave. 2025 – 2029: 485koz eq • Ave: 2025 – 2033: 360koz eq Project capital US$1,180m – US$1,200m • 2024: AISC: US$1,090/oz eq – US$1,150/oz eq; A
Slide 17: Tarkwa/Iduapriem JV
TARKWA/IDUAPRIEM JV • Will create the largest gold mine in Ghana once completed • Gold Fields will be the operator • Benefits of the JV: − Extension of mine life to 18 years (Tarkwa current life of mine: 8 years) Kobada − Increased annual production and lower AISC − Ore Reserves will exceed the sum
Slide 18: Windfall Project
WINDFALL PROJECT Environmental Impact Hydro-electricity World-class Assessment (EIA) via power line 50:50 JV with orebody in Production target submitted. owned by Cree Osisko Mining Canada, a tier-1 300koz pa over Approval First Nation of mining 10-year life. expected by early Waswanapi jurisdiction
Slide 19: Outlook
z OUTLOOK Drill team at Cerro Corona
Slide 20: 2024 Group Guidance and Outlook
2024 GROUP GUIDANCE AND OUTLOOK Production 2.33Moz – 2.43Moz Excl. St Ives microgrid capex Incl. St Ives microgrid capex AIC US$1,540/oz – US$1,590/oz US$1,600/oz – US$1,650/oz AISC US$1,350/oz – US$1,400/oz US$1,410/oz – US$1,460/oz US$850m – US$910m + St Ives microgrid (US$132m) + Salares Norte pr
Slide 21: Questions
QUESTIONS Member of: Mine team at Salares Norte 21
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