Voluntary trading statement and operational performance for H1 2023

Gold Fields Limited
Reg. No. 1968/004880/06)
Incorporated in the Republic of South Africa)
JSE, NYSE, DIFX Share Code: GFI
ISIN Code:ZAE000018123
(“Gold Fields” or “the Company”)



Voluntary trading statement and operational performance for H1 2023

Johannesburg, 2 August 2023: Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) advises that headline earnings per share for the six
months ended 30 June 2023 (H1 2023) are expected to range between
US$0.49-0.53 per share (US$0.05-0.09 per share lower), which is 9%
to 16% lower than the headline earnings of US$0.58 per share
reported for the six months ended 30 June 2022 (H1 2022). The
decrease in headline earnings is driven by lower gold volumes sold
and higher operating costs incurred in H1 2023, underpinned by
mining inflation and higher amortisation and depreciation due to
higher ounces mined, partially offset by a higher gold price.

Basic earnings per share for H1 2023 are expected to range between
US$0.49-0.53 per share (US$0.04-0.08 per share lower), which is 7%
to 14% lower than the basic earnings of US$0.57 per share reported
for H1 2022, for the same reasons given for headline earnings.

Normalised earnings per share for H1 2023 are expected to range
between US$0.49-0.53 per share (US$0.03-0.07 per share lower), which
is 5% to 13% lower than the normalised earnings of US$0.56 per share
reported for H1 2022, for the same reasons given for headline
earnings.

Q2 2023 operational performance
For Q2 2023, attributable gold equivalent production is expected to
be 577koz (Q1 2023: 577koz), with All-in costs (AIC) for the quarter
expected to be US$1,454/oz (Q1 2023: US$1,343/oz). All-in sustaining
costs (AISC) are expected to be US$1,279/oz (Q1 2023: US$1,152/oz).
The increase in AIC and AISC is driven by lower gold sold, an increase
in operating costs driven by mining inflation, and higher capital
expenditure.

H1 2023 operational performance
Attributable gold equivalent production for H1 2023 is expected to be
1,154koz, a 4% decrease YoY (H1 2022: 1,201koz). AIC for H1 2023 is
expected to be US$1,398/oz, 3% higher than H1 2022 (US$1,352/oz), as
a result of lower gold sold and an increase in operating costs driven
by mining inflation, partially offset by lower project capex. AISC
for H1 2023 is expected to be US$1,215/oz (H1 2022: US$1,148/ oz), a
6% increase YoY.
The financial and operational information on which this trading
statement is based has not been reviewed, and reported on, by the
Company’s external auditors.
Gold Fields expects to release H1 2023 financial results on Thursday,
17 August 2023.


Investor Enquiries

Thomas Mengel
Tel      +27 11 562 9849
Mobile         +27 72 493 5170
Email Thomas.Mengel@goldfields.com


Media Enquiries

Sven Lunsche
Tel      +27 11 562 9763
Mobile         +27 83 260 9279
Email Sven.Lunsche@goldfields.com


Notes to editors

About Gold Fields

Gold Fields Limited is a globally diversified gold producer with nine
operating mines in Australia, Peru, South Africa, and West Africa
(including the Asanko Joint Venture), one project in Chile and one
project in Canada. We have total attributable annual gold-equivalent
production of 2.34Mo, attributable gold-equivalent Mineral Reserves
of 48.6Moz and gold Mineral Resources of 111.8Moz. Our shares are
listed on the Johannesburg Stock Exchange (JSE) and our American
depositary share trade on the New York Stock Exchange (NYSE).


Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Date: 02-08-2023 09:30:00
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