Slide 1: Gold Fields BMO conference
Gold Fields BMO conference Mike Fraser: CEO Salares Norte, Brecha Principal pit 1
Slide 2: Note to investors
Note to investors 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 may be
Slide 3: Gold Fields strategy
Gold Fields strategy Building off a quality asset base • Gold Fields is focused on being a safe, reliable, high-quality, low-cost gold producer. • The portfolio is anchored by four multi-decade, foundation assets which provide the production baseload. • An additional four assets offer upside optiona
Slide 4: Delivery of our strategy in 2024
Delivery of our strategy in 2024 Key developments in 2024 ensure Gold Fields is structured and resourced to deliver both near- term targets as well as our long-term aspirations: 2024 Annual Performance SAFETY IMPROVEMENT PLAN Revised guidance • Group-wide safety review undertaken and Multi-year safe
Slide 5: Operating performance: Strong recovery in H2 2024
Operating performance: Strong recovery in H2 2024 FY 2024 att. production FY 2024 AISC FY 2024 AIC 2,071koz US$1,629/oz US$1,873/oz -10% YoY +26% YoY +24% YoY H2 att. production H2 2024 AISC H2 2024 AIC 1,153koz US$1,535/oz US$1,723/oz +26% HoH -12%% HoH -16% HoH Production guided to increase betwee
Slide 6: A global gold miner with assets in quality mining jurisdictions
A global gold miner with assets in quality mining jurisdictions FY 2024 Snapshot Gold Fields Group FY 2024 mine cash flow per region Mines: 9 FY 2024 att. production contribution Projects: 1 South Africa: Peru: US$66m (6%) Chile: 2% Countries: 6 US$168m (15%) Peru: 8% Att. production: 2,071koz AIC:
Slide 7: Significant potential in our current assets
Significant potential in our current assets MULTI-DECADE ASSETS ASSETS WITH UPSIDE MATURING ASSETS OPTIONALITY ST IVES GRANNY SMITH DAMANG • Invincible underground full potential • Material handling study underway • Evaluating alternative ore sources • Currently processing stockpiles • Ore-handling
Slide 8: Salares Norte delivering high margin production
Salares Norte delivering high margin production Progress to date koz eq Salares Norte 2025 projected production ramp-up 50 45 • Ramp-up successfully recommenced in September 2024 40 • Gold equivalent production of 45koz delivered in 2024 35 30 • Two chinchilla successfully captured and relocated 25
Slide 9: Windfall project update
Windfall project update Key focus areas in 2025 Windfall • Progressing Environmental Impact Assessment M&I&I Resource 7.4Moz (EIA) approval Osborne Bell Au 0.51Moz @6.13 4.1Moz M&I @11.4 g/t Au • Advancing negotiations on the Impact Benefit g/t (Inf) 3.3Moz Inf @ 8.4g/t Au Agreement (IBA) • Preparin
Slide 10: Replacing Reserves at all key assets
Replacing Reserves at all key assets • Mineral Resource (inclusive of Reserve) increased by 2.2Moz Au to 87.6 Moz in 2024 • Gold Mineral Reserve pre-depletion increased by 1.6Moz in 2024 • Decreased by 382koz after depletion to 44.3Moz • St Ives’ exploration success led to significant reserve discov
Slide 11: Clear capital allocation framework
Clear capital allocation framework Capital allocation priorities 1 Maintain our investment grade credit rating 2 Spend necessary capital to ensure safe, reliable and cost-effective production 3 Pay a base dividend of 30% - 45% of normalised earnings Remaining free cash-flow must compete based on ret
Slide 12: Performance against capital allocation priorities in 2024
Performance against capital allocation priorities in 2024 Comfortable net debt Investment grade credit Record total dividend US$2,086m S&P: BBB- R10.00/share Net debt/EBITDA 0.73x Moody’s: Baa3 +34% YoY Attractive div yield Adjusted free cash flow FCF per share 3.5% US$605m US$0.68 One of the sector
Slide 13: 2025 Group guidance and outlook
2025 Group guidance and outlook 2025 guidance Production 2.25Moz – 2.45Moz Total capital expenditure US$1.49bn – US$1.55bn All-in Sustaining Costs US$1,500/oz – US$1,650/oz All-in Costs US$1,780/oz – US$1,930/oz Exchange rate assumptions vs. US$ A$ ZAR C$ 0.66 18.50 0.71 Improve safety Ensure predic
Slide 14: Thank you
z THANK YOU Salares Norte, Chile