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Gold Fields Ltd (ADR) (N:GFI)

Business Focus: Gold

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.