Slide 1: Salares Norte Project and Group Guidance Update
Salares Norte Project and Group Guidance Update CEO - MIKE FRASER AND CHIEF TECHNICAL OFFICER – FRANCOIS SWANEPOEL 13 JUNE 2024 Aerial view of Salares Norte Project 1
Slide 2: Salares Norte ramp-up impacted, Group guidance revised
Salares Norte ramp-up impacted, Group guidance revised Early onset of winter has negatively impacted Salares Norte ramp-up and 2024 production • Earlier than planned winter conditions have continued to impact the commissioning and ramp-up phase of the Salares Norte Project. • These weather events re
Slide 3: Salares Norte guidance assumptions
Salares Norte guidance assumptions Below are the key assumptions underlying the 2024 guided production range for the Project: Lower-end of range: 90koz-eq Upper-end of range: 180koz-eq Resumption of ramp-up 1 September 2024 15 June 2024 (Testing of sub-systems till end August) No significant weather
Slide 4: Revised production ramp up
Revised production ramp up 200,000 180,000 160,000 140,000 Monthly (oz au-eq) 120,000 100,000 80,000 60,000 40,000 20,000 0 Jun-2024 Jul-2024 Aug-2024 Sep-2024 Oct-2024 Nov-2024 Dec-2024 HighOptimistic CTS end of the range (Cum) Bottom CTS end of the High Impact range (Cum) 4
Slide 5: Key drivers for the production volume revision
Key drivers for the production volume revision Processing plant is in ramp up and not operating continuously, Previous delays. Early onset of winter making it harder to withstand extreme temperature declines. Potential for more Resources and time Production profile is weather-related required to unf
Slide 6: Salares Norte: Process plant progress
Salares Norte: Process plant progress Hand over to the operations team completed. Under the custody of the operations team (but still with punch list items) Commissioning underway (mostly Circuit C) 6
Slide 7: Update on Chinchilla relocation programme
Update on Chinchilla relocation programme • On 14 May 2024, Salares Norte received an urgent and transitionary measure from Chile’s Superintendence of Chinchilla in a rockery at Salares Norte (2021) Environment (SMA) ordering temporary suspension of the dismantling of Rocky Area No 3. • On 5 June 20
Slide 8: 2024 group guidance revised
2024 group guidance revised Previous 2024 group guidance* Updated 2024 group guidance • Attributable equivalent gold production: • Attributable equivalent gold production: 2.33Moz – 2.43Moz 2.20Moz – 2.30Moz • Costs • Costs • AISC: US$1,410/oz – US$1,460/oz • AISC: US$1,470/oz – US$1,530/oz • AIC: U
Slide 9: Conclusion
Conclusion Salares Norte remains a high-quality asset that will contribute materially to Gold Fields’ cashflows in future years. • The design criteria of the processing plant will be capable of handling winter weather conditions at steady state. • Total Project capital costs remain in line with the