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Media Release OPERATIONAL UPDATE FOR THE QUARTER ENDED 31 MARCH 2021 SALIENT FEATURES 541,000 OUNCES OF ATTRIBUTABLE GOLD PRODUCTION F US $ 1,249 PER OUNCE OF ALL - IN COST GOLD FIELDS STATEMENT BY NEWLY APPOINTED CEO OF GOLD FIELDS , CHRIS GRIFFITH Being in the seat for 36 days , confirmed my expectations that Gold Fields is well on its way to being a global leader in sustainable gold mining . The deliberate strategy of moving away from labour intensive , conventional mining to focus on mechanised open pit and underground operations , with majority international exposure , has served the company well . In addition , the reinvestment programme over the past four years has placed Gold Fields in a position where it can maintain and even grow its production profile over the next decade . Salares Norte is indeed a world class project and delivering the project on time and on budget is one of the key focus areas in the coming years . Our ESG work continues to evolve and we remain on track to provide more definitive targets for our key ESG priorities by year - end . It is with deep sadness that within my first month of being at Gold Fields , we lost a colleague at our South Deep mine in a mining incident . Vumile Mgcine ( 46 ) , a shaft timberman , succumbed from injuries sustained while attempting to unblock a chute outlet on an underground conveyor belt . There is no more tragic reminder of the overriding importance of safety at our mines than the death of a colleague . My heartfelt condolences go out to Vumile's family , friends and colleagues . Notwithstanding the impact of COVID - 19 on Q1 2021 ( particularly impacting Cerro Corona and South Deep ) , Group attributable equivalent gold production was 541koz , largely flat YoY ( down 9 % QOQ ) . Group production remains on track to deliver the guidance provided in February 2021. Group AISC for the quarter was US $ 1,078 / oz , up 11 % QOQ and YoY . AIC for the Group was US $ 1,249 / oz , 18 % higher YoY ( up 12 % QoQ ) as capital expenditure at Salares Norte starts to ramp up . Net debt at the end of the quarter was US $ 1,224m , compared to US $ 1,069m at the end of December 2020 , primarily driven by the payment of the final dividend of US $ 190m . The net debt to EBITDA at the end of the quarter was 0.59x , largely unchanged QoQ . The balance sheet remains in a strong position . COVID - 19 Since we last reported our COVID - 19 statistics , two further colleagues have passed as a result of their COVID - 19 infections . This brings the total for Gold Fields to 11 employees and contractors . These are tragic losses and our heartfelt condolences go out to the family members , friends and colleagues of these men . So far we have had a total of 3,457 positive cases in the Group , of which 62 were active as at 2 May 2021 with seven receiving care in hospitals . There have been no cases to date at our Australian mines . JOHANNESBURG , 6 MAY 2021 : Gold Fields Limited ( NYSE & JSE : GFI ) is pleased to provide an operational update for the quarter ended 31 March 2021. Detailed financial and operational results are provided on a six - monthly basis i.e. at the end of June and December .