Slide 1: Reinvesting for the Future
Gold Fields REINVESTING FOR THE FUTURE Diggers and Dealers, 8 August 2017
Slide 2: Forward looking statements
Forward looking statements 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
Slide 3: Gold Fields overview
Gold Fields overview Attributable reserves Group: FY 2016 As at 3 August 2017 Ghana; Australia; Share price (JSE/ADR) R52.69/US$3.98 7.0Moz 5.8Moz Attributable production 2,146koz Market capitalisation (US$m) 3,270 Americas; AIC US$1,006/oz 1.3Moz Enterprise value (US$m) 4,510 Mine net cash flow US$
Slide 4: Gold Fields vs. global peers
Gold Fields vs. global peers 1,200 Kinross AngloGold 1,100 Sibanye Newmont Gold Fields 1,000 All-in Costs (US$/oz) Agnico Goldcorp 900 Randgold Barrick 800 Newcrest 700 600 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Production (koz) Note: Size of bubble indicates current market cap Putting Gold Fie
Slide 5: Gold Fields in Australia
Gold Fields in Australia
Slide 6: Gold Fields Australia overview
Gold Fields Australia overview • Production: 942koz Gold Fields Australia • AIC: A$1,261/oz (US$941/oz) • Net cash flow: US$256m • Production: 363koz St Ives • AIC: A$1,273/oz (US$949/oz) • Net cash flow: US$113m • Production: 284koz Granny Smith • AIC: A$1,119/oz (US$834/oz) • Net cash flow: US$137
Slide 7: Darlot sale to Red 5
Darlot sale to Red 5 In line with strategy to continually upgrade the portfolio ● Total consideration of A$18.5m ̵ A$12m in cash - A$7m upfront and A$5m deferred for up to 24 months ̵ 130m Red 5 shares ̵ Deferred consideration may be taken as additional shares in Red 5 or as cash ● Gold Fields will
Slide 8: Gold Fields in an Australian context
Gold Fields in an Australian context Australian gold producers: Production vs. AISC 1,800 1,200 1,600 1,000 1,400 1,200 800 1,000 600 800 600 400 400 200 200 0 0 Saracen St. Barbara Newcrest Aus Evolution AngloGold Aus GFA Regis Northern Star Newmont Aus OceanaGold Production (koz) AISC (US$/oz) (rh
Slide 9: Gold Fields Australia vs. Australian peers
Gold Fields Australia vs. Australian peers US$/oz Mkt cap (NPV)/production oz Net cash flow/production oz (US$/oz) 400 4,000 300 3,500 200 3,000 100 2,500 0 2,000 -100 1,500 -200 1,000 -300 -400 500 -500 0 -600 Saracen St. Barbara Evolution GFA Regis Northern Star OceanaGold Saracen St. Barbara Evol
Slide 10: Historical Gold Production Profile - Australia
Historical Gold Production Profile - Australia Consistency of Delivery = CREDIBILITY Australian Gold Production (oz) Barrick Yilgarn South Acquisition 1,000,000 Oct 2013 800,000 Darlot 600,000 Granny Smith Agnew St Ives 400,000 200,000 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20
Slide 11: Significant investment in WA
Gruyere, Western Australia South Deep, South Africa Significant investment in WA
Slide 12: Three Pillars for Growth in Australia
Three Pillars for Growth in Australia Delivering Sustainability of Operations Focused Mergers & Margin Exploration Acquisitions Improvement 2002: St. Ives & Agnew Re-structure in 2013 2015-2017: A$90-A$100m (2 Mines) (5 Year Strategy) Focus on Free Cash Flow & A$748m Total Exploration 2013: Granny S
Slide 13: Gruyere adds life and quality in WA
Gruyere adds life and quality in WA LOM Plan First gold Late 2018/early 2019 Life of mine 13 years Annual production (100% basis) 270koz AISC A$945/oz (US$690/oz) AIC A$1,103/oz (US$805/oz) Total capital cost (100% basis) A$507m (US$370m) IRR at A$1,500/oz gold after taking into 6% account acquisiti
Slide 14: Progress on Gruyere
Progress on Gruyere ● Approval for the Project Management Plan, Mining Proposal and Mine Closure Plan was granted by the Western Australian Department of Mines and Petroleum in February 2017 – Achieved ● Construction of 648 Room accommodation village & facilities – Completed July 2017 ● EPC, bulk ea
Slide 15: Brownfields exploration – Continues to deliver
Brownfields exploration – Continues to deliver ● A$102m exploration spend in 2016 ̵ This resulted in Reserves increasing 13% (excluding Gruyere) after depletion ● A$89m budgeted for exploration in 2017 ● Resource and Reserve Growth ̵ Wallaby (Granny Smith) ̵ Invincible (St Ives) ● Emerging Projects
Slide 16: Granny Smith – Resource & Reserve growth
Granny Smith – Resource & Reserve growth Wallaby – A World Class Deposit Green = initial resource area Yellow = Zone 110 resource Zone 110 Underpinning growth at Granny Smith – Blue = Zone 120 resource 0 200m Key Observations: DH Intersections • Resources 6.5Moz (24% increase on 2015) • Reserves 1.6
Slide 17: Granny Smith – Resource & Reserve growth
Granny Smith – Resource & Reserve growth Wallaby Zone 135 – Continues to deliver quality resources & future growth Target Description: Infill Z135 to 100x100m Continues to deliver quality resources and future reserve growth WBD039UDW1 7.16m @ 16.06g/t Key Observations: WB3801UDW1 • Typical Wallaby-s
Slide 18: Granny Smith – Emerging projects
Granny Smith – Emerging projects Northern Fleet (Lake Carey area) Northern Fleet Overview ● 7.5km of anomalous gold zone ● Full field Aircore program continues ● On-going on-lake drilling programs in 2017 Lake Carey East Scamp Dallas West 8m at 4.28 g/t 14m at 0.65 g/t Dallas South Blurry Alabama BI
Slide 19: Granny Smith – Blurry BIF emerging Project
Granny Smith – Blurry BIF emerging Project Target Description: Contact between # of Holes Drilled: 6 (6/11) banded iron formation and intrusive Metres: 2768 (2768/4500) porphyry which is coincident with multiple Assays: 1 (1/11) highly anomalous gold intersections LCDD0056 (DD) VG at 140m Potential:
Slide 20: St Ives – Resource & Reserve growth
St Ives – Resource & Reserve growth Invincible Complex - Continues To Grow Underpinning growth at St Ives Key Observations: Invincible Open Pit • Economic mineralisation intersected over 1,400m strike and 800m depth Invincible South • Open up and down plunge • Strong geological continuity between ho
Slide 21: St Ives – “Greater” Invincible & Speedway Trend
St Ives – “Greater” Invincible & Speedway Trend “Greater” Invincible • Resource growth to 1.427 Mozs Invincibl since discovery Reven e ge Mine • Open Pit mining continues circa Victor y mid-2019 • UG mine development Mill commenced July 2017 • Future mine expansions at Invincible mid & Deeps • Invin
Slide 22: St Ives – Palaeochannel Project
St Ives – Palaeochannel Project Project Status Drilling Completed Since Q2 2016 Aircore Holes Metres 1,200 112,000 West Kambalda Advanced Scoping Study Mining Several semi-continuous mining methods are being investigated. Revenge Invincible Processing Ongoing options study for plant Neptune upgrade
Slide 23: St Ives – Palaeochannel Project
St Ives – Palaeochannel Project Update Target Description: Gold hosted in Metres: 43,786 of 255,000m planned palaeochannel sands and gravels Assays: 137 returned / 182 holes pending Potential: 5Moz potential L Best Results: – 19m at 34.14g/t from 71m (LD81889) – 14m at 1.64g/t from 87m (LD15177) – 1
Slide 24: Agnew – Emerging projects
Agnew – Emerging projects Waroonga North underground – Underpinning Growth Underpinning growth at Agnew Key Observations: Multiple mineralised quartz zone intersected Resource conversion in parallel to exploration Encouraging results incl. WNGC780155: 1.5m @ 16.3g/t WNGC780159: 2.2m @ 20.3
Slide 25: Safe Production Delivery Growth
Safe Production Delivery Growth Gold Fields Australia Gold Fields - Reinvesting for the future, Diggers and Dealers, August 2017 25