Interim report
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Media Release UNAUDITED RESULTS SIX MONTHS ENDED 30 JUNE 2021 SALIENT FEATURES US $ 180 million free cash flow * US $ 399 million free cash flow from operations 1.104 million ounces of attributable gold production US $ 1,274 per ounce of all - in cost US $ 1,093 per ounce of all - in sustaining costs * Cash flow from operating activities less net capital expenditure , environmental payments , lease payments and redemption of Asanko preference shares . GOLD FIELDS STATEMENT BY NEWLY APPOINTED CEO OF GOLD FIELDS , CHRIS GRIFFITH H1 2021 The past four and a half months as the new CEO has been an interesting one . Living in the current COVID - 19 world means the majority of my interactions with my team and the operations has been virtual . But , we have achieved a lot in these past months . Firstly , the operations have had a good six months , despite the ongoing challenges presented by the pandemic . We continue to deliver the higher gold price to the bottom line , with a further increase in normalised earnings . Despite the ramp up in project capex at Salares Norte , the business has generated strong free cash flow in H1 2021. We maintain both our production and cost guidance for the full year and expect to have a strong H2 2021 . We also want to pay tribute to Vumile Mgcine , our colleague at South Deep , who we lost in a mining incident in April of this year . There is no more tragic reminder of the overriding importance of safety at our mines than the death of a colleague . This year we also lost 15 colleagues ( as at 6 August 2021 ) to COVID - 19 in South Africa and Peru . Our heartfelt condolences go out to the families , friends and colleagues of all the colleagues we have lost . A large part of my time in recent months has been focused on interrogating the strategy of the Company . I'm pleased to say , that , as I anticipated , the business is in a strong position . We have a solid production profile above 2Moz a year for the next decade . However , during that time we anticipate that our annual production will grow to 2.7Moz by 2024 before declining as some of our mines come to the end of their lives . We believe that we must now start looking at ways of preserving the value we have created beyond 2024 . We will maintain our current strategic focus on a portfolio of quality assets in good geographical and political jurisdictions , growing our Mineral Reserve and Resource base , as well as focusing on value creation and capital discipline . This strategy has worked well for us over the past number of years . In addition we will increase our efforts to maximise the value potential from our existing assets and organic growth options , work to increase the value and quality of our portfolio of assets and build on our leading commitment to Environmental , Social , Governance ( ESG ) . This may entail value - accretive acquisition opportunities to enhance our pipeline of projects as well as in - production assets to expand our current production base beyond 2030 . Our work on these strategic focus areas will continue in the coming months and we will provide a more holistic strategic view at the appropriate time . JOHANNESBURG , 19 August 2021 : Gold Fields Limited ( NYSE & 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 cents per share ( gross ) is payable on 13 September 2021 .