Reviewed results for the twelve months ended 31 December 2022
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”)
REVIEWED RESULTS FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2022
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 profit attributable to owners of the
parent for the year ended 31 December 2022 of US$711m (US$0.80 per share). This compared
with profit of US$789m (US$0.89per share) for the year ended 31 December 2021.
A final dividend number 97 of 445 SA cents per share (gross) is payable on 20 March 2023,
giving a total dividend for the year ended 31 December 2022 of 745 SA cents per share.
KEY STATISTICS
United States Dollars
Quarter Year ended
Figures in millions unless otherwise stated December September December December December
2022 2022 2021 2022 2021
Gold produced* oz (000) 601 597 631 2,399 2,340
Tonnes milled/treated 000 10,638 10,352 10,586 42,199 42,229
Revenue (excluding Asanko) US$/oz 1,736 1,699 1,805 1,785 1,794
Cost of sales before gold
inventory change and
amortisation and depreciation
(excluding Asanko) US$/tonne 50 50 48 49 45
All-in sustaining costs US$/oz 1,063 1,061 1,055 1,105 1,063
Total all-in cost US$/oz 1,298 1,279 1,369 1,320 1,297
Net debt US$m 704 997 969 704 969
Net debt (excluding lease
liabilities) US$m 310 603 553 310 553
Net debt to EBITDA ratio 0.29 0.40 0.40 0.29 0.40
Adjusted free cash flow US$m 431 463
Profit attributable to owners
of the parent US$m 711.0 789.3
Profit per share attributable
to owners of the parent US c.p.s. 80 89
Headline earnings attributable
to owners of the parent US$m 1,061.0 890.0
Headline earnings per share
attributable to owners
of the parent US c.p.s. 119 100
Normalised profit attributable
to owners of the parent US$m 860.1 928.7
Normalised profit per share
attributable to owners
of the parent US c.p.s. 97 105
* Gold produced in this table is attributable and includes Gold Fields’ share of 45% in Asanko.
At 31 December 2022, all operations are wholly owned except for Tarkwa and Damang in Ghana (90.0%), South
Deep in South Africa (96.43%), 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 8% of Group
production.
Final cash dividend
In line with the Company’s dividend policy, the Board has approved and declared a final
dividend number 97 of 445 SA cents per ordinary share (gross) in respect of the year
ended 31 December 2022. The final dividend will be subject to the Dividend Withholding
Tax of 20 per cent. In accordance with paragraph 11.17 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 445 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 356 SA cents per ordinary share for shareholders
liable to pay the dividends tax;
• Gold Fields currently has 893,496,323 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 97: 445 SA cents per share;
• Declaration date: Thursday, 23 February 2023
• Last date to trade cum-dividend: Tuesday, 14 March 2023;
• Sterling and US Dollar conversion date: Wednesday, 15 March 2023;
• Shares commence trading ex-dividend: Wednesday, 15 March 2023;
• Record date: Friday, 17 March 2023; and
• Payment of dividend: Monday, 20 March 2023.
Share certificates may not be dematerialised or rematerialised between Wednesday, 15
March 2023 and Friday, 17 March 2023, 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/2023/jse/isse/GFIE/FY22Result.pdf
Any investment decision should be based on the full reviewed financial results
announcement published on SENS and on the company's website. Copies of the full
announcement may also be requested at the company's registered office, and the offices
of the sponsor, at no charge, during office hour. The condensed consolidated financial
statements of Gold Fields for the year ended 31 December 2022 have been reviewed by the
company’s auditor, PricewaterhouseCoopers Inc., who expressed an unqualified review
conclusion thereon.
By order of the board
YGH Suleman (Chair)
23 February 2023
Executive Directors: M Preece• (Interim Chief Executive Officer), P A Schmidt (Chief
Financial Officer)
Non-Executive Directors: A Andani#, P J Bacchus†, T P Goodlace, MC Bitar@†,
JE McGill^ PG Sibiya†, S P Reid^
^ Australian * British @Chilean # Ghanaian
www.goldfields.com
Sponsor:
JP Morgan Equities South Africa (Pty) Ltd
Company secretary:
A. Weststrate
Transfer secretaries:
Computershare Investor Services (Proprietary) Limited
Date: 23-02-2023 07:05:00
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