Unaudited results for the twelve months ended 31 December 2020
Gold Fields Limited
Incorporated in the Republic of South Africa)
Registration Number 1968/004880/06)
JSE, NYSE, DIFX Share Code: GFI
ISIN: ZAE000018123
("Gold Fields" or “the Company”)
UNAUDITED RESULTS FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2020
Gold Fields Limited is a globally diversified gold producer with nine operating mines
(including our Asanko Joint Venture) in Australia, Ghana, Peru and South Africa and a
project in Chile.
Gold Fields Limited (NYSE & JSE: GFI) announced normalised profit of US$878m for the year
ended 31 December 2020 compared with normalised profit of US$343m for the year ended 31
December 2019.
A final dividend number 93 of 320 SA cents per share (gross) is payable on 15 March 2021,
giving a total dividend for the year ended 31 December 2020 of 480 SA cents per share
(gross).
KEY STATISTICS
United States Dollars
Quarter Year ended
Figures in millions unless otherwise stated December September December December December
2020 2020 2019 2020 2019
Gold produced* oz (000) 593 557 590 2,236 2,195
Tonnes milled/treated 000 10,700 10,433 10,519 42,706 38,342
Revenue (excluding Asanko) US$/oz 1,866 1,921 1,482 1,768 1,388
Cost of sales before gold
inventory change and
amortisation and depreciation
(excluding Asanko) US$/tonne 40 41 39 39 41
All-in sustaining costs US$/oz 971 964 864 977 897
Total all-in cost US$/oz 1,113 1,070 974 1,079 1,064
Net debt US$m 1,069 1,159 1,664 1,069 1,664
Net debt (excluding lease
liabilities) US$m 640 796 1,331 640 1,331
Net debt to EBITDA ratio 0.56 0.68 1.29 0.56 1.29
Cash flow from operating
activities less net capital
expenditure, environmental
payments, lease payments
and redemption of Asanko
preference shares US$m 631 249
Profit attributable to owners
of the parent US$m 723.0 161.6
Profit per share attributable
to owners of the parent US c.p.s. 82 20
Headline earnings attributable
to owners of the parent US$m 729.3 162.7
Headline earnings per share
attributable to owners
of the parent US c.p.s. 83 20
Normalised profit attributable
to owners of the parent US$m 878.8 343.4
Normalised profit per share
attributable to owners
of the parent US c.p.s. 100 42
* Gold produced in this table is attributable and includes Gold Fields share of 45% in Asanko.
At 31 December 2020, all operations are wholly owned except for Tarkwa and Damang in Ghana (90.0%), South
Deep in South Africa (96.67%), Cerro Corona in Peru (99.5%), Gruyere JV (50%) and Asanko JV (45% equity
share).
Gold produced (and sold) throughout this report includes copper gold equivalents of approximately 7% of Group
production.
Figures may not add as they are rounded independently.
Final cash dividend
In line with the Company’s dividend policy, the Board has approved and declared a final
dividend number 93 of 320 SA cents per ordinary share (gross) in respect of the year
ended 31 December 2020. The final dividend will be subject to the Dividend Withholding
Tax of 20 per cent. In accordance with paragraphs 11.17(a) (i) and 11.17(c) of the JSE
Listings Requirements, the following additional information is disclosed:
• The dividend has been declared out of income reserves;
• The gross local dividend amount is 320 SA cents per ordinary share for shareholders
exempt from dividends tax;
• The Dividend Withholding Tax of 20 per cent (twenty per centum) will be applicable
to this dividend;
• The net local dividend amount is 256 SA cents per ordinary share for shareholders
liable to pay the dividends tax;
• Gold Fields currently has 883,578,092 ordinary shares in issue; and
• Gold Fields’ income tax number is 9160035607.
Shareholders are advised of the following dates in respect of the final dividend:
• Final dividend number 93: 320 SA cents per share;
• Last date to trade cum-dividend: Tuesday, 9 March 2021;
• Sterling and US Dollar conversion date: Wednesday, 10 March 2021;
• Shares commence trading ex-dividend: Wednesday, 10 March 2021;
• Record date: Friday, 12 March 2021; and
• Payment of dividend: Monday, 15 March 2021.
Share certificates may not be dematerialised or rematerialised between Wednesday, 10
March 2021 and Friday, 12 March 2021, both dates inclusive.
This short-form announcement is the responsibility of the directors and is only a
summary of the information in the full results. The full results can be found on the
company's website at www.goldfields.com and on the JSE website at
https://senspdf.jse.co.za/documents/2021/jse/isse/GFIE/GoldFields.pdf
Any investment decision should be based on the full reviewed financial results
announcement published on SENS and on the company's website. The condensed consolidated
financial statements of Gold Fields for the year ended 31 December 2020 have been
reviewed by the company’s auditor, PricewaterhouseCoopers Inc., who expressed an
unqualified review conclusion thereon.
https://www.goldfields.com/reports/q4-2021/index.php
By order of the board
CA Carolus (Chair)
18 February 2021
Executive Directors: N J Holland† (Chief Executive Officer), P A Schmidt (Chief
Financial Officer)
Non-Executive Directors: A Andani#, P J Bacchus†, T P Goodlace, C E Letton^,
P Mahanyele–Dabengwa, R P Menell, S P Reid^, Y G H Suleman
^Australian, †British, #Ghanaian
www.goldfields.com
Sponsor:
JP Morgan Equities South Africa (Pty) Ltd
Company secretary:
A. Weststrate
Transfer secretaries:
Computershare Investor Services (Proprietary) Limited
Date: 18-02-2021 07:05:00
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