Gold Fields Limited · JSE:GFI
Gold Fields — Denver Gold Forum 2024
23 slides from Gold Fields's conference presentation, 2024
Slide 1: Gold Fields: Denver Gold Forum
Gold Fields: Denver Gold Forum Mike Fraser CEO Granny Smith, Wallaby pit 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: Creating value for our shareholders
Creating value for our shareholders Gold Fields has been one of the top performing gold equities over the past five years. Our shares have outperformed the gold price and the gold equities index over this period. 350 Gold Fields Gold Price van Eck Gold Equities ETF 300 250 200 150 100 50 Jun 20 Jun
Slide 4: An attractive value proposition
An attractive value proposition Investing in Gold Fields: Clearly-articulated and well-executed strategy. Geographically diverse portfolio of quality assets. Strong production, earnings and cash flow growth over the next few years as Salares Norte and Windfall start to contribute. Robust balance she
Slide 5: Globally diversified gold producer
Globally diversified gold producer FY 2023 att. production contribution FY 2023 mine cash flow by region Peru: 10% Peru: US$75m (8%) Gold Fields Group South Africa: Australia: Mines: 8 US$204m (20%) Ghana: 30% 46% Projects: 2 Countries: 6 Australia: Att. production: 2,304koz US$486m (48%) Ghana: US$
Slide 6: 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 • Cornerstone Invincible orebody open at depth and along strike • Opportunity to fill excess mill • Processing stockpiles • Current investment into renewable cap
Slide 7: With levers to add further upside…
With levers to add further upside… Gold Fields has a Resource and Reserve base to maintain production of 2.0Moz– 3.0Moz per annum into the mid 2030’s. We have levers to pull to replace depletion and extend life beyond this. GREENFIELDS EXPLORATION: BROWNFIELDS EXPLORATION: BOLT-ON M&A: • We have rei
Slide 8: And near-term catalysts to unlock value
And near-term catalysts to unlock value Salares Norte Tarkwa/ Windfall Operating model ramp-up Iduapriem JV • Announced the and business • Ramp-up expected to • Gold Fields and acquisition of Osisko processes commence on 30 AngloGold Ashanti Mining on 12 August 2024 • Operating model September 2024
Slide 9: Salares Norte Mine - Chile
Exploration team in the field at Salares Norte z SALARES NORTE MINE - CHILE
Slide 10: Salares Norte: A high-quality asset
Salares Norte: A high-quality asset Gold eq oz Salares Norte ramp-up assuming 30 September restart Plant restart planned for 50,000 30 September 45,000 40,000 Gold equivalent production 35,000 forecast at 40-50 koz eq in 2024 30,000 Salares Norte will contribute meaningfully in 25,000 2025 – product
Slide 11: Salares Norte update
Salares Norte update Status Key deliverables • Crusher and mill successfully tested and operated • Continuous circulation of thickeners and leach area Achieved to date • Tailing filtration area ready for start up • Plant transitioned to operations • Functional testing of filtration circuit Activitie
Slide 12: Tarkwa/Iduapriem - Ghana
z TARKWA/IDUAPRIEM - GHANA Tarkwa open pit, Ghana
Slide 13: Tarkwa/Iduapriem JV: Creating the largest gold mine in Africa
Tarkwa/Iduapriem JV: Creating the largest gold mine in Africa Incorporated JV in which Gold Fields will hold 66.7% and AngloGold Ashanti will hold 33.3% • Excluding the free-carried interest held by the Government of Ghana. Gold Fields will be the operator Kobada Benefits of the JV: • Significant ex
Slide 14: Windfall Project - Canada
z WINDFALL PROJECT - CANADA Windfall project, Canada
Slide 15: Windfall: Consolidating a world-class asset
Windfall: Consolidating a world-class asset World class asset: Consolidating our interest in a large-scale, high-grade project with significant growth potential District scale in Canada: Expands our presence with a ~2,500km2 District(1) in a Tier 1 mining jurisdiction Aligned with core competencies:
Slide 16: Significant growth potential
Significant growth potential Mineralization extends well beyond the current modelled resource Current resource focused from surface to 1,200m depth, while the mineralization extends at least to 2,700m depth Comparable UG mines in established Canadian mining camps have successfully extended mining fo
Slide 17: District-scale potential in Quebec, Canada
District-scale potential in Quebec, Canada Consolidating our ownership in a ~2,500km2 district 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 @ 8.4g/t Au Windfall + Bonterra Bonterra JV (70% GFI)(1) JV Land Package M&I&I Resource 3.0Moz Au ~
Slide 18: Highly analogous to St Ives
Highly analogous to St Ives Striking similarities between Windfall and St Ives; we are uniquely positioned to replicate St Ives’ value creation success at Windfall, a highly prospective district twice its size Continuous Underground Development at Depth District-Scale Value Creation Through Explorat
Slide 19: Strategy
z STRATEGY Rehabilitated TSF at Damang in Ghana
Slide 20: Gold Fields' strategy…
Gold Fields’ strategy… Gold Fields endeavours to create Building off a quality asset base value for our shareholders by; • Gold Fields is focused on being a predictable, • Enhancing the longevity and quality of our high-quality, low-cost gold producer portfolio of assets • The portfolio is anchored
Slide 21: …Underpinned by a strong balance sheet
…Underpinned by a strong balance sheet Net debt of US$1,153m and Net Debt to EBITDA of 0.53x at June 2024 Pro forma net debt to EBITDA of 1.2x after Osisko acquisition Dividend policy will not be impacted by the Osisko acquisition Available facilities at 30 June 2024 Debt maturity schedule at 30 Jun
Slide 22: …Enabled by a clear capital allocation framework
…Enabled by a clear capital allocation framework Capital allocation priorities 1 Maintain our investment grade credit rating 2 Spend necessary capital to ensure safe and reliable production 3 Pay a base dividend of 30% - 45% of normalized earnings Remaining free cash-flow must compete based on retur
Slide 23: Thank you
THANK YOU Member of: Gold Fields | Denver Gold Forum 2024 23