Gold Fields Limited · JSE:GFI
Gold Fields — Denver Gold Forum 2021
29 slides from Gold Fields's conference presentation, September 2021
Slide 1: Gold Fields – Denver Gold Forum
Gold Fields – Denver Gold Forum CHRIS GRIFFITH Chief Executive Officer September 2021
Slide 2: Forward looking statement
Forward looking statement Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include a
Slide 3: Gold Fields investment case
Exploration drill rigs on lake Lefroy, St Ives Gold Fields investment case Safety and Sustainability ESG Gold Fields – H1 2021 results CHRIS GRIFFITH Chief Executive Officer 19 August 2021 Chris Chris Griffith Griffith
Slide 4: Gold Fields investment case
Gold Fields investment case ● The Gold Fields investment case is compelling for our current shareholders and for new investors looking for exposure to a high quality, cash generative gold business ̵ Simple, pure play gold focus ̵ A well balanced portfolio – stable operations with growth ̵ Geographic
Slide 5: A globally diversified gold miner
A globally diversified gold miner H1 2021 snapshot Gold Fields Group Mines: 9 Projects: 1 Countries: 5 Att. production: 1,104koz AIC: US$1,274/oz Mine net cash flow: US$399m inflow Free cash flow**: US$180m inflow West Africa region Mines: Tarkwa, Damang and Asanko Att. production: 401koz AIC: US$1,
Slide 6: Solid base with levers to unlock value
Solid base with levers to unlock value ● Three areas to build on the current strategy 1. Maximise the potential from our current assets through our people and innovation 2. Build on our leading commitment to ESG 3. Grow the value and quality of our portfolio – maintain 2.7Moz – 2.8Moz of quality oun
Slide 7: Lever 1: South Deep
Logistics Drilling Breaking chain the face rock store atat roomDeep anSouth at Southore underground Deep pass at South Deep Safety and Sustainability ESG Lever Lever 1:1:1: Lever South South Deep Deep South Deep Gold Fields – H1 2021 results CHRIS GRIFFITH Chief Executive Officer 19 August 2021 Chri
Slide 8: South Deep
South Deep ● South Deep – core to the Group koz South Deep 4-year outlook US$/oz ̵ Third largest gold resource in the 400 1600 +30% world 350 +20% 1400 ● 20% - 30% production growth over next 300 1200 4 years 250 1000 ● AIC to reduce to c.US$1,200/oz by 2025 200 800 ● Generating positive cash flow a
Slide 9: South Deep – encouraging productivity trends
South Deep – encouraging productivity trends t/rig/month Productivity: tons/rig/month m/rig/month Productivity: metres/rig/month 16000 108% 14 708 90 64% 82 14000 12 968 80 72 11 966 12000 70 60 60 10000 50 50 8000 7 040 6 708 40 33 6000 30 4000 20 2000 10 0 0 2017 2018 2019 2020 H1 2021 2017 2018 2
Slide 10: Lever 2: Australia
Sunset over lake Lefroy, St Ives Lever 2: Australia Finance Operations Chris Chris Paul Griffith Schmidt Griffith 19 August 2021 Chris Griffith
Slide 11: Australia – LOM visibility greater than 10 years
Australia – LOM visibility greater than 10 years Initial Production Reserve Reserve ● Re-investing A$80-100m/per year in Since exploration Mine Reserve 2020 Multiplier Purchase (Moz)* (Moz)*** **** ● replaced and grown reserves (Moz)** St Ives 2.7 9.1 2.7 4.1x ● Conversion cost at c.A$62/oz (good Ag
Slide 12: 5-year Reserve growth in Australia
5-year Reserve growth in Australia Reserve growth in Australia – net of depletion 110% Net of 4.6Moz mined over 5-year period Note: Gold Fields acquired 50% of Gruyere in 2016 Gold Fields | Denver Gold Forum | September 2021 12
Slide 13: Australian portfolio compares well to peers
Australian portfolio compares well to peers Koz Comparison of Australian gold producers: Gold produced for six months to June 2021 1 200 1 000 800 600 400 200 0 Regis Silver Lake Ramelius West Gold St Barbara Evolution Anglo Gold Newcrest Northern Star Gold Fields Newmont Australia Gold sold A$/oz C
Slide 14: St Ives – Invincible keeps growing
St Ives – Invincible keeps growing 5 km strike length North Main South Lut Invincible Footwall South Drake Invincible South Fenton open Invincible Deeps open Proterozoic Proterozoic 750m Dyke Dyke Alpha Island open Fault Zone Gold Fields | Denver Gold Forum | September 2021 14
Slide 15: Granny Smith Mine – Extends at depth
Granny Smith Mine – Extends at depth At December 2020: • Resource 7.3Moz – life beyond 10 years • Reserve 2.2Moz @ 260koz pa = 8 years Zone 250-60 Zone 70 Zone 80 Zone 90 Zone 100 Zone 110 Depth extent 4.7Moz gold recovered Mining front currently down to Zone 120 Zone 120 Depth extent of Resource &
Slide 16: Agnew – Waroonga continues to expand
Agnew – Waroonga continues to expand UG drill drives also used to access for Nort h new ore targets for FBH Extensions, Kath, Waroonga Nth, Saint, Everton Saint FBH Everton Target Extension Target WN Extension Kath Extension Drill drives required Multiple open ore zones FBH & Everton Drill drive and
Slide 17: Agnew – Reserve growth at Redeemer Complex
Agnew – Reserve growth at Redeemer Complex N S Barren Lands Open Pit Redeemer Zone 2 Planned in H1 2022 Drill Drive to Commence in H1 2023 Zone 2 south target Barren Lands Underground open open open open open • Redeemer Zone 2 mining commences from Barren Lands Open pit; • Barren Land open pit provi
Slide 18: Lever 3: Salares Norte
Salares Norte plant and camp Lever 3: Salares Norte Finance Operations Chris Chris Paul Griffith Schmidt Griffith 19 August 2021 Chris Griffith
Slide 19: Salares Norte - a world class gold mine
Salares Norte - a world class gold mine ● 450koz pa ̵ 400koz gold (at grade of 5g/t) ̵ 50koz gold equivalent from silver (at grade of 60g/t) ● Gold equivalent Reserves of 4Moz ● AISC <US$500/oz when at nameplate capacity ● Life of mine of 11 years ̵ Average production of 450koz gold equivalent for t
Slide 20: Salares Norte vs. other gold projects in construction
Salares Norte vs. other gold projects in construction 1 200 Bateman (Canada) Note: Size of bubble indicates Tulkubash (Kyrgyzstan) 1 000 declared Reserves. See table below the graph 800 King of the Hills (Australia) Singida (Tanzania) Ave. AISC 600 La Coipa (Chile) 400 Salares Norte (Chile) 200 0 0
Slide 21: Developing a high grade open pit mine
Developing a high grade open pit mine Average gold Reserve grade (g/t) 6,00 5,00 4,00 3,00 2,00 1,00 0,00 Brisas Tulkubash Kalana King of the Hills Borborema La Coipa Blackwater Singida Salares Norte Bateman Montagne Dór Source: Metals Focus = Project in construction Note: All projects will be open
Slide 22: Salares Norte – very much on track
Salares Norte – very much on track Key developments • Progress: 41.9% at end-June vs. plan of 41.4% • Total project capital to date of US$230m with US$133m spent in H1 2021 Total project • Increased Covid cases and severe weather in June impacted project schedule • Project on track for first product
Slide 23: Salares Norte: progress in pictures
Salares Norte: progress in pictures Gold Fields | Denver Gold Forum | September 2021 23
Slide 24: Salares Norte: progress in pictures
Salares Norte: progress in pictures Gold Fields | Denver Gold Forum | September 2021 24
Slide 25: Safety and Sustainability ESG
Wind turbines at Agnew Safety and Sustainability ESG Gold Fields – H1 2021 results CHRIS GRIFFITH Chief Executive Officer 19 August 2021 Chris Griffith
Slide 26: Improving safety performance
Improving safety performance Serious & Severity rate Safety Fatal injuries Serious and fatal injuries & severity rate 30 50 44 ● 1 fatality – Vumile Mgcine, a shaft 45 25 40 timberman, died from injuries at South Deep 32 35 20 30 ● 4 serious injuries during H1 2021 23 30 15 25 ● TRIFR for H1 2021: 1
Slide 27: Making good progress on ESG
Making good progress on ESG ESG Charter ● Work continuing on the development of our ESG strategic priorities with 2030 targets to be released before year-end Renewable energy – leading the way ● Renewable energy sources at Agnew (16MW wind, 4MW Solar, 18MW gas) and Granny Smith (8MW solar, 35MW gas)
Slide 28: Recognition of our ESG achievements
Recognition of our ESG achievements 2021: 3rd / 70 mining Top 30 Responsible companies Investment Index 2021: 13th / 114 2020: Mining and Resources precious metals sector award (4th year companies running) 2020: “Good performance” 2021: BBB rating in IAR Awards 2021: E 1, S 1, G 1 2020: WDP A 2021:
Slide 29: Thank You
Damang Pit Thank You Thank you Finance Operations Chris Chris Paul Griffith Schmidt Griffith 19 August 2021 Chris Griffith