Gold Fields Limited: Operational update for the quarter ended 30 September 2020

Rhea-AI Summary

Gold Fields Limited (NYSE: GFI) reported a solid financial standing as of Q3 2020. The company's net debt (including leases) decreased to US$1,159m from US$1,239m in June 2020, post an interim dividend payment of US$85m. The net debt to EBITDA improved to 0.68x compared to 0.84x at the end of June. Additionally, net debt excluding leases fell to US$796m from US$876m. Gold Fields operates nine mines across multiple regions and boasts a total attributable gold-equivalent production of 2.2Moz.

Positive

• Net debt (including leases) decreased to US$1,159m from US$1,239m.
• Improved net debt to EBITDA ratio at 0.68x from 0.84x.
• Net debt excluding leases fell to US$796m from US$876m.
• Total attributable annual gold-equivalent production is 2.2Moz.

Negative

• None.

JOHANNESBURG, Nov. 12, 2020 /PRNewswire/ -- Gold Fields Limited (NYSE: GFI) (JSE: GFI) remains in a strong financial position. During Q3 2020, there was a further decrease in the net debt balance (including leases) to US$1,159m at 30 September 2020 from US$1,239m at 30 June 2020, after taking into account the interim dividend payment of US$85m. This implies a net debt to EBITDA of 0.68x, compared to 0.84x at end June 2020. The net debt balance (excluding leases) decreased to US$796m from US$876m at the end of June 2020.

Full results are available on the company website:

www.goldfields.com

Enquiries

Investors
Avishkar Nagaser
Tel:  +27 11 562-9775
Mobile:  +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com

Thomas Mengel
Tel:  +27 11 562 9849
Mobile:  +27 72 493 5170
Email:  Thomas.Mengel@goldfields.com

Media

Sven Lunsche
Tel:  +27 11 562-9763
Mobile:  +27 83 260 9279
Email :  Sven.Lunsche@goldfields.com

Notes to editors

About Gold Fields

Gold Fields is a globally diversified gold producer with nine operating mines in Australia, Peru, South Africa and West Africa (including the Asanko JV), as well as one project in Chile. We have total attributable annual gold-equivalent production of 2.2Moz, attributable gold-equivalent Mineral Reserves of 51.3Moz and Mineral Resources of 115.7Moz. Our shares are listed on the Johannesburg Stock Exchange (JSE) and our American depositary shares trade on the New York Stock Exchange (NYSE).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

 

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SOURCE Gold Fields Limited

FAQ

What is the latest financial position of Gold Fields Limited (GFI)?

As of Q3 2020, Gold Fields Limited reported a net debt of US$1,159m, down from US$1,239m in June 2020.

How much did Gold Fields Limited pay in interim dividends in 2020?

Gold Fields Limited paid an interim dividend of US$85m.

What is Gold Fields Limited's net debt to EBITDA ratio for Q3 2020?

Gold Fields Limited's net debt to EBITDA ratio improved to 0.68x in Q3 2020.

What is the annual gold-equivalent production of Gold Fields Limited?

Gold Fields Limited has a total attributable annual gold-equivalent production of 2.2Moz.