Slide 1: Gold Fields to Acquire Osisko Mining
Gold Fields to Acquire Osisko Mining Consolidating ownership of the world-class Windfall project and district August 12, 2024 M
Slide 2: Notice & Disclaimer
Notice & Disclaimer Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements. All statements other than statements of historical fact included in this presentation may be forward-looking statements. Forward-looking statements may be identified b
Slide 3: Notice & Disclaimer (cont'd)
Notice & Disclaimer (cont’d) Notice to Reader References to “Pro Forma” are to Gold Fields Limited on a consolidated basis after the completion of the Transaction. All amounts are expressed in United States dollars unless otherwise indicated. This presentation includes market and industry data which
Slide 4: Transaction highlights
Transaction highlights I World class asset: Consolidating our interest in a large-scale, high-grade project with significant growth potential II District scale in Canada: Expands our presence with a ~2,500km2 District(1) in a Tier 1 mining jurisdiction III Aligned with core competencies: Leverage ou
Slide 5: Transaction overview
Transaction overview Proposed Transaction • Gold Fields to acquire all of the outstanding common shares of Osisko • C$4.90 per Osisko share payable in cash Consideration • Enterprise value of ~C$1.48 billion (~US$1.08 billion)(1) and fully diluted equity value of ~C$2.16 billion (~US$1.57 billion) S
Slide 6: Key pillar in our growth strategy
Key pillar in our growth strategy Alignment with key strategic criteria Globally diversified portfolio Asset Quality AISC <US$800/oz Reserve life 10 years Top Jurisdiction Canada Québec, Canada Project: Windfall LOM avg. production: +300koz potential Platform for future growth in LOM avg. AI
Slide 7: Consolidating our interest in Canada's next premier gold mine
I Consolidating our interest in Canada’s next premier gold mine Select North American Projects: Production, Cash Cost and Resources Top 25 Global Gold Mines by Head Grade (100kozpa+) $500 Low Cost and High Production Macassa Fosterville Fruta del Norte $550 Eskay Creek Mponeng Windfall (Skeena)(2) I
Slide 8: Significant growth opportunities – laterally and at depth
I Significant growth opportunities – laterally and at depth Red Lake (1949) Macassa (1933) LaRonde (1967) Windfall (2015) Historical Production 23Moz Au Historical Production 5Moz Au Historical Production 6Moz Au 4.1Moz Au M&I 2.9Moz P&P 2.1Moz P&P 2.9Moz P&P 3.3Moz Au Inferred Current resource focu
Slide 9: A whole district in a top-ranked mining province
II A whole district in a top-ranked mining province Windfall Osborne-Bell M&I&I Resource 7.4Moz Au 0.51Moz @6.13 g/t (Inf) 4.1Moz M&I @11.4 g/t Au 3.3Moz Inf @8.4 g/t Au Bonterra JV (70% GFI)(1) Windfall + Bonterra M&I&I Resource 3.0Moz Au JV Land Package 1.2Moz M&I @5.2 g/t Au ~2,500km2 1.8Moz Inf
Slide 10: Our track record of creating multi-decade mines
III Our track record of creating multi-decade mines A A B C B C A Gold Fields Initial Reserves Reserves 2023 Gold Discovered Reserve Production Figures presented in Moz Au (100% Basis)(1) (100% Basis) by Gold Fields Multiplier(3) (100% Basis)(2) 2000 Tarkwa 6.5 14.1 4.8 12.4 1.9x 2002 St Ives 2.3 9.
Slide 11: Highly analogous to our St Ives operation
III Highly analogous to our St Ives operation Continuous underground development at depth District-scale value creation through exploration Windfall District ~2,233km2 (1) 6 years of modern exploration N 7.4Moz Au from one deposit only(2) 20 km Multiple exploration targets St Ives – Kambalda 1,388km
Slide 12: Consolidating an asset we know well
IV Consolidating an asset we know well >2 Million Metres Drilled to date 14km Underground development, into ore down to 671m below surface 300 person camp Current 168 full time employees (excl. contractors) Underground wash bay at Windfall Bulk sample at Windfall Long hole drilling at Windfall 85km
Slide 13: Attractive total acquisition cost
V Attractive total acquisition cost Key changes since the May 2023 JV Windfall Total Acquisition Cost (C$Bn) + Synergies + Full Control +$400/oz (+20%) + Exploration Potential Increase in gold price Total Acquisition Cost $3.0 +C$316m Acquisition of 0.7x Additional 50% Additional investment(1) Inter
Slide 14: Leading ESG credentials
VI Leading ESG credentials SAFETY, HEALTH, 1 WELLBEING & ENVIRONMENT 2 GENDER DIVERSITY 3 STAKEHOLDER VALUE CREATION • Zero fatalities • ‘Pay Equity Act’ is legislated in Québec • In 2023, average 90 workers (23% of • Zero serious injuries • 27% of the workforce is female or gender queer workforce)
Slide 15: Transaction funding summary
Transaction funding summary Transaction Funding Pro Forma Metrics Gold Fields is in a strong position to fund the transaction • Investment grade credit rating Current Pro Forma • As at 31 March 2024, net debt to adj. EBITDA of 0.5x, and ~US$1.8bn in undrawn debt facilities − US$500m drawn in May (su
Slide 16: Anticipated Transaction timeline
Anticipated Transaction timeline August 12, 2024 • Transaction announced September 2024 • Osisko Management Information Circular to be mailed to Osisko shareholders • Osisko shareholder vote October 2024 • Obtain final court approvals and file articles of arrangement (within a week of shareholder vo
Slide 17: Conclusion
Conclusion I World class asset: Consolidating our interest in a large-scale, high-grade project with significant growth potential II District scale in Canada: Expands our presence with a ~2,500km2 District(1) in a Tier 1 mining jurisdiction III Aligned with core competencies: Leverage our orogenic u
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Slide 19: Appendix
Appendix als)
Slide 20: #ThisIsGoldFields
#ThislsGoldFields Where we want togo | To be the preferred gold mining company delivering sustainable, superior value Enablers + Zero harm (Safety, Health, Environment) & Differentiators and Wellbeing + High performance, values-driven culture that is welcoming to all + Fit-for-purpose modernisation
Slide 21: Windfall Project Overview
Windfall Project Overview Project Highlights Project Location Located in Québec, Canada − Tier 1 jurisdiction, with a long-standing history of mineral resource development with a skilled workforce Nord-du-Québec Côte-Nord Advanced-stage project with pre-construction activities underway Saguenay
Slide 22: Windfall Resource Expansion Potential
Windfall Resource Expansion Potential 1 Size Surface 0m F-51 We see upside from extensions of mineralisation at depth MEASURED AND ZONE 27 Current LOM planned from 3 key zones: Lynx, Main and INDICATED INFERRED N060º MAIN LYNX Underdog 4.05Moz Au @ 11.4 g/t CARIBOU 3.3Moz Au @ 8.4 g/t OSK-W-18-1421