Gold Fields Limited · JSE:GFI

Gold Fields — 2026 Mining Forum Americas (Denver)

32 slides from Gold Fields's conference presentation, September 2026

  1. Slide 1: 2026 Mining Forum Americas (Denver)

    2026 Mining Forum Americas (Denver) Quality. Growth. Cash. Returns. Mike Fraser: CEO September 2026 Brecha Principal pit, Salares Norte, Chile

  2. Slide 2: Note to investors

    Note to investors Forward looking statements and non IFRS measures Forward looking statements This presentation 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 histo

  3. Slide 3: Agenda

    Agenda 1 Gold Fields group overview 2 Proposed combination with Northern Star 3 Gold Fields overview Quality portfolio Growth Cash and returns Gruyere, Australia Gold Fields | Mining Forum Americas Denver | September 2026 3

  4. Slide 4: 1. Gold Fields group overview

    1. Gold Fields group overview Portfolio, strategy and investment case Gold Fields employee, South Deep

  5. Slide 5: A global portfolio of long life, quality assets

    A global portfolio of long life, quality assets Eight operations and one project across six countries Gold Fields Group, FY 2025 Attributable production: 2.44Moz Canada FY 2025 att. gold production AISC: US$1,645/oz I AIC: US$1,927/oz Windfall project Adjusted FCF: US$2,970m contribution Exploration

  6. Slide 6: A clear strategy for a best-in-class gold producer

    A clear strategy for a best-in-class gold producer Creating enduring value beyond mining WHY WHAT HOW Our purpose Our strategy Our culture of care and accountability The Gold Fields Way is the mechanism through DELIVER which we activate and embed this culture. It is Operate in a safe, reliable and c

  7. Slide 7: Safety, our core value

    Safety, our core value Zero fatalities and zero serious injuries in H1 2026 Our focus remains on ensuring that everyone returns home safe and well every day Gold Fields | Mining Forum Americas Denver | September 2026 7

  8. Slide 8: Leading FCF yield and quality, funded growth

    Leading FCF yield and quality, funded growth A compelling investment case: cash today, growth tomorrow, returns throughout Gold Fields trades at the lowest multiple in its peer group with the QUALITY PORTFOLIO highest FCF yield Long life assets in six countries; Salares Norte strengthens the mix and

  9. Slide 9: 2. Proposed combination with Northern Star

    2. Proposed combination with Northern Star

  10. Slide 10: Proposal summary

    Proposal summary Facilitates immediate and ongoing value uplift for Gold Fields and Northern Star shareholders PROPOSED TERMS VALUE DRIVEN AND DISCIPLINED STRATEGY ⚫ Northern Star shareholders to receive: Disciplined capital allocation ⚫ 0.3125 Gold Fields ASX CDIs1 ● Gold Fields will remain discipl

  11. Slide 11: Gold Fields + Northern Star – A stronger platform, delivering sooner

    Gold Fields + Northern Star – A stronger platform, delivering sooner ▪ Gold Fields has a proven and settled leadership team Proven delivery from an established team ▪ Northern Star CEO / CFO / CDO transition underway and ongoing, during a critical period of project execution & delivery ▪ Gold Fields

  12. Slide 12: Combination to create a quality, geographically diversified portfolio

    Combination of Gold Fields and Northern Star to create a quality, geographically diversified portfolio 2nd largest global Diversified, Material unique Unrivalled growth World-class gold gold producer high-quality synergy potential pipeline with a production hub in portfolio solid balance sheet Weste

  13. Slide 13: Combined group would have 80% of production from Australia, North America and Chile

    Combined group would have 80% of production from Australia, North America and Chile… Gold Fields LTM Jun-26 production by region – Current1 Gold Fields LTM Jun-26 production by region – Pro forma1 66% located in Australia, North ~80% located in Australia, North America and Chile America and Chile 11

  14. Slide 14: Uniquely contiguous footprint to drive operational and infrastructure value creation

    Uniquely contiguous footprint to drive operational and infrastructure value creation World-class gold production hub in Western Australia Jundee Hemi ~560km Second largest global production hub with 2.4Mozpa of gold production1 Bronzewing Agnew Thunderbox Gruyere ~50km radius Combines 8 of the top 2

  15. Slide 15: Unlocks material, unique synergies from two complementary businesses

    Unlocks material, unique synergies from two highly complementary businesses Operational synergies Material unique synergy potential Supply chain & procurement savings US$4-5bn1 Tax of potential value unlock by combining two highly complementary Corporate G&A savings businesses There is currently no

  16. Slide 16: Creation of a quality, geographically diversified portfolio

    Creation of a quality, geographically diversified portfolio ~US$10bn pro forma EBITDA and ~US$50bn combined market cap Gold majors LTM Jun-26 production and reserves7 (Moz) Gold majors LTM Jun-26 EBITDA1 (US$bn) Production Reserves Australia, Illustrative Pro-forma EBITDA adjusted for Northern Star’

  17. Slide 17: 3. Gold Fields overview

    (@) comrces 3. Gold Fields overview

  18. Slide 18: Quality portfolio

    Quality portfolio Long life, quality assets

  19. Slide 19: Ramping up production to 3Moz pa with stable costs

    Ramping up production to 3Moz pa with stable costs 5-Year Estimates: Production and Cost Guidance (Attributable Production in Moz, costs US$/oz real)(1,2,3,4) All in Sustaining Cost $/oz All in Cost $/oz Production Range (Attributable Moz Equivalent Au) Peak Windfall $2 500/oz investment, first gold

  20. Slide 20: Salares Norte: Steady state achieved, annual guidance revised up

    Salares Norte: Steady state achieved, annual guidance revised up 337koz eq in H1 2026 and the 2026 forecast raised to 550 to 600koz eq Salares Norte LOCATION Atacama, Chile, 100% owned Discovered by Gold Fields in 2011 STEADY STATE Steady state operations through winter Positive grade reconciliation

  21. Slide 21: St Ives: growing to 400koz pa

    St Ives: 20 year mine life, growing to 400koz pa Invincible to 3.4Mtpa, with 300km of drilling planned 5-Year Production and Cost Guidance - (koz & US$/oz real) St Ives Renewables cost efficiency Planned mill outage. Opportunity to optimise Materials handling system | outage and increase commissione

  22. Slide 22: South Deep: Stable growth with increasing margins

    South Deep: Stable growth with increasing margins 31Moz reserve, delivery to plan, South of Wrench next South Deep LOCATION South Africa, 93.1% owned MINERAL RESERVE 194Mt at 5.0 g/t for 31.0Moz TARGET Ramp production toward 13.5tpa with South of Wrench adding flexibility South Deep, South Africa NE

  23. Slide 23: Catalysts in our other assets

    Catalysts in our other assets Extending mine life and lifting production at every operation GRUYERE GRANNY SMITH • Expansion of the processing facility from • Materials handling and autonomous haulage nameplate of 7.5 Mt p.a. to 10 Mt p.a. (currently enabling lower cost extraction from Z150 and oper

  24. Slide 24: Growth

    Growth The path to 3Moz – Windfall, brownfields and greenfields opportunities Windfall camp, Québec

  25. Slide 25: Growth to 3Moz by 2031, with a pipeline that sustains it

    Growth to 3Moz by 2031, with a pipeline that sustains it Growing production into the mid 2030s and building a pipeline into the 2040s HORIZON 1 HORIZON 2 HORIZON 3 Present to 2030 2031 to 2035 Beyond 2035 Clear path to 3Moz Sustain 2.5 to 3Moz pa Pipeline into the 2040s • Catalysts: Salares Norte, G

  26. Slide 26: Reserve replacement: a track record of success

    Reserve replacement: a track record of success Gold discovered exceeds the reserves acquired at every long life mine Initial reserves Production to Reserves 2025 Discovered by Reserve years Reserve Mine Year (Moz) 2025 (Moz) (Moz) Gold Fields (Moz) added multiplier Tarkwa (100%) 2000 6.5 15.6 7.4 16

  27. Slide 27: Windfall District: expanding beyond the mine

    Windfall District: expanding beyond the mine A secured, underexplored district with permits, budget and team in place District scale, infrastructure leverage and multiple pathways to growth Gold Fields | Mining Forum Americas Denver | September 2026 27

  28. Slide 28: Cash and returns

    Cash and returns Capital allocation, shareholder returns and balance sheet Brecha Principal pit, Salares Norte, Chile

  29. Slide 29: Disciplined capital allocation enhances returns

    Disciplined capital allocation enhances returns Fund the mines, protect the balance sheet, pay the dividend, allocate the surplus Long life, quality portfolio generating strong operating cash flow Delivered against the framework in H1 2026 Net cash from operations US$3.1bn US$553m Capital allocation

  30. Slide 30: Additional returns

    Additional shareholder Additional returns return programme 1 Over and above the base dividend we are topping up shareholder returns November 2025 February 2026 March 2026 April–July 2026 August 2026 February 2027 Programme established Allocated amount Increased US$253m special dividend US$300m of bu

  31. Slide 31: Strong cash flow, disciplined growth, balanced returns

    Strong cash flow, disciplined growth, balanced returns Top tier cash generation and growth, at the lowest multiple in our peer group QUALITY PORTFOLIO WITH STRONG DISCIPLINED GROWTH UPPER QUARTILE RETURNS CASH FLOW US$2.2bn 3Moz 61% H1 2026 adjusted free cash flow, up Funded path to 3Moz by 2031 at

  32. Slide 32: Thank you

    Gruyere, Australia Thank you Investor relations: Investor.Relations@goldfields.com │ www.goldfields.com Members of ICMM and the World Gold Council Gold Fields | Mining Forum Americas Denver | September 2026

Gold Fields — 2026 Mining Forum Americas (Denver) on 6ix