Wrap Text
Unaudited results for the six months ended 30 June 2021
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 SIX MONTHS ENDED 30 JUNE 2021 – SHORT FORM ANNOUNCEMENT
Gold Fields Limited is a globally diversified gold producer with nine operating mines
and one project in Australia, Chile, Ghana (including our Asanko Joint Venture), Peru
and South Africa.
Gold Fields Limited (NYSE and JSE: GFI) today announced profit attributable to owners
of the parent for the six months to 30 June 2021 of US$387m (US$0.44 per share). This
compared with profit of US$156m (US$0.18 per share) for the six months to 30 June
2020. Normalised profit of US$431m for the six months to 30 June 2021 compared with
profit of US$323m for the six months to 30 June 2020. An interim dividend of 210 SA
cent per share (gross)(2020 interim dividend – 160 SA cent per share) is payable on 13
September 2021.
Key statistics
Figures in millions unless otherwise stated June June
2021 2020
Gold produced* oz (000) 1,104 1,087
Tonnes milled/treated 000 21,005 21,573
Revenue (excluding Asanko) US$/oz 1,799 1,637
Cost of sales before gold inventory change and
amortisation and depreciation (excluding Asanko) US$/tonne 44 37
All-in sustaining costs US$/oz 1,093 987
Total all-in cost US$/oz 1,274 1,065
Net debt US$m 1,097 1,239
Net debt (excluding lease liabilities) US$m 663 876
Net debt to EBITDA ratio 0.49 0.84
Cash flow from operating activities less net
capital expenditure, environmental payments, lease
payments and redemption of Asanko preference shares US$m 180.4 320.3
Profit attributable to owners of the parent US$m 387.4 155.5
Profit per share attributable to owners of the parent US c.p.s. 44 18
Headline earnings attributable to owners of the parent US$m 395.5 173.4
Headline earnings per share
attributable to owners of the parent US c.p.s. 45 20
Normalised profit attributable to owners of the parent US$m 430.5 323.4
Normalised profit per share
attributable to owners of the parent US c.p.s. 49 37
* Gold produced in this table is attributable and includes Gold Fields share of 45% in
Asanko.
At 30 June 2021, 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 5% of Group production.
Figures may not add as they are rounded independently.
Cash dividend
In line with the Company’s dividend policy, the Board has approved and declared an
interim dividend number 94 of 210 SA cents per ordinary share (gross) in respect of the
six months ended 30 June 2021. The interim 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 210 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 168 SA cents per ordinary share for shareholders
liable to pay the dividends tax;
• Gold Fields currently has 887,717,348 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:
• Interim dividend number 94: 210 SA cents per share;
• Declaration date: Wednesday, 18 August 2021;
• Last date to trade cum-dividend: Tuesday, 7 September 2021;
• Sterling and US Dollar conversion date: Wednesday, 8 September 2021;
• Shares commence trading ex-dividend: Wednesday, 8 September 2021;
• Record date: Friday, 10 September 2021; and
• Payment of dividend: Monday, 13 September 2021.
Share certificates may not be dematerialised or rematerialised between Wednesday, 8
September 2021 and Friday, 10 September 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/HY21Result.pdf
Copies of the full announcement may also be requested by sending a request to
investors@goldfields.com, at no charge, during office hours.
Any investment decision should be based on the full announcement published on SENS and
available on the Company's website.
https://www.goldfields.com/reports/q2-2021/index.php
The interim results and the information in this announcement have not been reviewed or
reported on by the Company’s external auditors.
By order of the board
CA Carolus (Chair)
19 August 2021
Executive Directors: C Griffith Chief Executive Officer), P A Schmidt (Chief Financial
Officer)
Non-Executive Directors: A Andani#, P J Bacchus†, T P Goodlace, S P Reid^, P G Sibiya, Y
G H Suleman
^Australian, †British, #Ghanaian
www.goldfields.com
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd
Company secretary:
A Weststrate
Transfer secretaries:
Computershare Investor Services (Proprietary) Limited
Date: 19-08-2021 07:05:00
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