Gold Fields Limited Trading Statement for FY 2020

February 10, 2021April 9, 2021 testdev

Canada NewsWire

JOHANNESBURG,Feb. 10, 2021/CNW/ — Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earnings per share for the 12 months ended31 December 2020(FY 2020) are expected to range fromUS$0.81-0.85 per share, 305-325% (US$0.61-0.65 per share) higher than the headline earnings ofUS$0.20per share reported for the 12 months ended31 December 2019(FY 2019).Basic earnings per share for FY 2020 are expected to range fromUS$0.80-0.84 per share, 300-320% (US$0.60-0.64 per share) higher than the basic earnings ofUS$0.20per share reported for FY 2019.Normalised earnings per share for FY 2020 are expected to range fromUS$0.98-1.02 per share, 133-143% (US$0.56-0.60 per share) higher than the normalised earnings ofUS$0.42per share reported for FY 2019.The increase in basic and headline earnings is driven by slightly higher production and higher gold prices received, despite the hedges that were in place during 2020.Strong end to 2020For Q4 2020, attributable gold equivalent production is expected to be 593koz (Q3 2020: 557koz), with All-in costs (AIC) for the quarter expected to beUS$1,113/oz (Q3 2020:US$1,070/oz). All-in sustaining costs (AISC) are expected to beUS$971/oz (Q3 2020:US$964/oz).Attributable gold equivalent production for 2020 is expected to be 2,236koz, a 2% increase YoY (FY 2019: 2,195koz), within the revised guidance range of 2,200 – 2,250koz. Original guidance of 2.275Moz – 2.315Moz was revised inMay 2020to account for the impact of Covid-19 on the operations, mainly at South Deep andCerro Corona.AIC for 2020 is expected to beUS$1,079/oz, marginally higher than 2019 (FY 2019:US$1,064/oz) and within the revised guidance range ofUS$1,070/oz –US$1,090/oz. AISC for the year is expected to beUS$977/oz (FY 2019:US$897/oz), again within the revised guidance range of betweenUS$960/oz andUS$980/oz.The financial 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 FY 2020 financial results on Thursday,18 February 2021.EnquiriesInvestorsAvishkar NagaserTel: +27 11 562-9775Mobile: +27 82 312 8692Email:[email protected]Thomas MengelTel: +27 11 562-9849Mobile: +27 72 493 5170Email:[email protected]MediaSven LunscheTel: +27 11 562-9763Mobile: +27 83 260 9279Email:[email protected]Notes to editorsAbout Gold FieldsGold Fields is a globally diversified gold producer with nine operating mines inAustralia,Peru,South AfricaandWest Africa(including the Asanko JV), as well as one project inChile. We have total attributable annual gold-equivalent production of 2.2Moz, attributable gold-equivalent Mineral Reserves of 51.3Moz and Mineral Resources of 115.7Moz. Our shares are listed on the Johannesburg Stock Exchange (JSE) and our American depositary shares trade on the New York Stock Exchange (NYSE).

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