Wrap Text
Reviewed financial results and final dividend declaration for the twelve months ended 31 December 2024
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 FINANCIAL RESULTS AND FINAL DIVIDEND DECLARATION FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2024
Gold Fields Limited is a globally diversified gold producer with eight operating mines in Australia, Ghana,
Peru and South Africa and two gold projects in Canada and Chile.
Gold Fields Limited (NYSE & JSE: GFI) announced profit attributable to owners of the parent for the year ended
December 2024 of US$1,245.0m (US$1.39 per share). This compared with profit of US$703.3m (US$0.80 per share) for
the year ended December 2023.
A final dividend number 101 of 700 SA cents per share (gross) (2023:420 SA cents per share) is payable on 17 March 2025,
giving a total dividend for the year ended 31 December 2024 of 1000 SA cents per share (gross) (2023:745 SA cents per share).
Key statistics
United States Dollar
Quarter Year Ended
December September December December December
2024 2024 2023 2024 2023
Figures in millions unless otherwise stated
Gold produced* oz (000) 644 510 608 2,071 2,304
- Continuing operations oz (000) 644 510 594 2,071 2,244
- Discontinued operations oz (000) - n/a 14 - 60
Tonnes milled/treated 000 10,719 10,172 10,653 40,648 43,052
- Continuing operations 000 10,719 10,172 9,984 40,648 40,315
- Discontinued operations 000 - n/a 669 - 2,737
Revenue (excluding Asanko) US$/oz 2,658 2,493 1,987 2,418 1,942
Cost of sales before gold inventory change and
amortisation and depreciation (excluding Asanko) US$/tonne 58 54 54 54 51
AISC US$/oz 1,410 1,694 1,372 1,629 1,295
- Continuing operations US$/oz 1,410 1,694 1,356 1,629 1,289
- Discontinued operations US$/oz - n/a 2,060 - 1,516
Total AIC US$/oz 1,575 1,909 1,632 1,873 1,512
- Continuing operations US$/oz 1,575 1,909 1,618 1,873 1,507
- Discontinued operations US$/oz - n/a 2,248 - 1,672
Net debt US$m 2,086 1,123 1,024 2,086 1,024
Net debt (excluding lease liabilities) US$m 1,635 684 588 1,635 588
Net debt to adjusted EBITDA ratio 0.73 0.47 0.42 0.73 0.42
Adjusted free cash flow US$m 605 367
Profit attributable to owners of the parent US$m 1,245.0 703.3
- Continuing operations US$m 1,245.0 722.2
- Discontinued operations US$m - (18.9)
Profit per share attributable to owners of the parent US c.p.s. 139 79
- Continuing operations US c.p.s. 139 81
- Discontinued operations US c.p.s. - (2)
Headline earnings attributable to owners of the parent US$m 1,188.4 837.3
- Continuing operations US$m 1,188.4 809.3
- Discontinued operations US$m - 28.0
Headline earnings per share attributable to owners of
the parent US c.p.s. 133 94
- Continuing operations US c.p.s. 133 91
- Discontinued operations US c.p.s. - 3
Normalised profit attributable to owners of the parent US$m 1,226.7 899.9
- Continuing operations US$m 1,226.7 871.9
- Discontinued operations US$m - 28.0
Normalised profit per share attributable to owners of
the parent US c.p.s. 137 101
- Continuing operations US c.p.s. 137 98
- Discontinued operations US c.p.s. - 3
At 31 December 2024, 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%) and Gruyere JV (50%).
Gold produced and sold throughout this report includes copper gold equivalents of approximately 4% of Group production.
AISC and total AIC in the key statistics table include all Gold Fields operations, project and offices. 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 101 of 700
SA cents per ordinary share (gross) in respect of the year ended 31 December 2024. The final dividend will be subject
to the dividend withholding tax of 20% (twenty 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 700 SA cents per ordinary share for shareholders exempt from dividends tax;
- The dividend withholding tax of 20% (twenty per cent) will be applicable to this dividend;
- The net local dividend amount is 560 SA cents per ordinary share for shareholders liable to pay the dividends tax;
- Gold Fields currently has 895,024,247 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 101: 700 SA cents per share;
- Declaration date: Thursday, 20 February 2025;
- Last date to trade cum-dividend: Tuesday, 11 March 2025;
- Sterling and US Dollar conversion date: Wednesday, 12 March 2025;
- Shares commence trading ex-dividend: Wednesday, 12 March 2025;
- Record date: Friday, 14 March 2025; and
- Payment of dividend: Monday, 17 March 2025.
Share certificates may not be dematerialised or rematerialised between Wednesday, 12 March 2025 and Friday,
14 March 2025, both dates inclusive.
This short-form announcement is the responsibility of the directors and is only a summary of the information
contained in the condensed consolidated financial statements of Gold Fields for the year ended 31 December 2024
("full results"). The full results can be found on the company's website at www.goldfields.com and on the
JSE cloudlink at https://senspdf.jse.co.za/documents/2025/jse/isse/GFIE/FY24Result.pdf
Any investment decision should be based on the full results announcement available on the JSE cloudlink and on the
company's website. The condensed consolidated financial statements of Gold Fields for the year ended 31 December 2024
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)
20 February 2025
YGH Suleman† (Chairperson) MJ Fraser (Chief Executive Officer) A Andani#† PJ Bacchus* ZBM Bassa† MC Bitar@†
TP Goodlace† SL McCrae^^† JE McGill^† SP Reid^† PG Sibiya† CAT Smit†
South African unless stated, ^Australian *British @Chilean #Ghanaian ^^Canadian †Independent Director
Non-independent Director
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Company Secretary: A. Weststrate
Transfer secretaries: Computershare Investor Services (Proprietary) Limited
www.goldfields.com
Date: 20-02-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
