Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 150 Helen Road, Sandown SANDTON 2196 |
Tel: | N/A |
Website: | https://www.goldfields.com |
IR: | See website |
Key People | ||
Michael Fraser Chief Executive Officer, Director | Luis A. Rivera Executive Vice President - Americas Region | Paul A. Schmidt Chief Financial Officer, Executive Director |
Jongisa Magagula Executive Vice President - Corporate Affairs and Investor Relations | Kelly Carter Executive Vice President - Group Head of Legal and Compliance | Naseem A. Chohan Executive Vice President - Sustainable Development |
Stuart J. Mathews Executive Vice President - Australasia | Benford Mokoatle Executive Vice President, South African Region | Joshua Mortoti Executive Vice President - West Africa | Jacob Ricciardone Acting Executive Vice President - Strategy, Planning and Corporate Development |
Business Overview |
Gold Fields Limited (Gold Fields) is a South Africa-based globally diversified gold producer with approximately eight operating mines in Australia, Peru, South Africa and Ghana and two projects in Canada and Chile. The Company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It has a total attributable annual gold-equivalent production of approximately 2.40 million ounces (Moz), gold mineral reserves of 46.1 Moz and gold mineral resources of 42.3 Moz (excluding mineral resources). In Peru, the Company also produces copper. Its economic interest in the South Deep mine in South Africa is approximately 96.43%. The Company also owns 100% of the St Ives, Agnew, Granny Smith mines and around 50% of the Gruyere gold mine in Australia, and 90.0% of the Tarkwa and Damang mines in Ghana. It owns approximately 99.5% of the Cerro Corona mine in Peru. |
Financial Overview |
For the fiscal year ended 31 December 2023, Gold Fields Ltd (ADR) revenues increased 5% to $4.5B. Net income before extraordinary items increased 3% to $722.2M. Revenues reflect Australia segment increase of 9% to $2.06B, Stripping Ratio -% - Gruyere increase of 93% to 5.2%. Net income was partially offset by Yamana break fee decrease from $300M (income) to $0K. Dividend per share increased from $0.34 to $0.41. |