GOLD FIELDS LTD

Foreign Filer Report • Feb 19, 2019

6-K 1 gld.htm HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" Gold Fields the Securities Exchange Act of 1934

Attributable gold production

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· Sustaining capital expenditure ~ R490 million (US$36 million), reduction of R280 million (US$21 million) compared with 2018; · Non-sustaining capital expenditure ~ Rnil (US$nil) · Cost of sales before amortisation and depreciation ~ R3.2 billion (US$238 million), reduction of R600 million (US$75 million) compared with 2018, which includes a planned labour bill decrease of ~ R400 million (US$30 million) · All-in sustaining costs ~ R610,000 per kilogram (US$1,394 per ounce) · Total all-in cost ~ R610,000 per kilogram (US$1,394 per ounce)

· Gold produced ~ 6,000 kilograms (193,000 ounces) of which 99,615 ounces of gold were hedged at an average price of R616,581 per kilogram · Destress square metres ~ 30,000 square meters · Development metres ~ 6,182 meters

For purposesof calculating equivalent ounces

The condensed consolidated financial statements are prepared in accordance with the requirements of the JSE Limited Listings Requirements for preliminary reports and the requirements of the Companies Act of South Africa. The Listings Requirements require preliminary reports to be prepared in accordance with the framework concepts and the measurement and recognition requirements of International Financial Reporting Standards (IFRS) and the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements as issued by Financial Reporting Standards Council and to also, as a minimum, contain the information required by IAS 34 Interim Financial Reporting. These condensed consolidated financial statements were authorised by the Board of Directors for issue on 15 February 2019. The accounting policies applied in the preparation of the condensed consolidated financial statements are in terms of IFRS and are consistent with those applied in the previous consolidated annual financial statements except for the adoption of IFRS 9 Financial Instruments (IFRS 9) and IFRS 15 Revenue from Contracts with Customers (IFRS 15).

Revenue will be recognised when the customer takes control of the gold, copper and silver. The timing of recognition of revenue will no longer be when risks and rewards of ownership pass to the customer; and The change in timing of revenue recognition will result in revenue at the South African and Australian operations being recognised on settlement date (date when control passes) and not contract date (previous date when risks and rewards of ownership passed). There is no change to the revenue recognition at any of the other operations given that the date of control is the same date as when risks and rewards of ownership pass. The change in timing of revenue recognition for the South African and Australian operations is that revenue will be recognised approximately two days later than it was previously recognised.

34,492 2.0

1,266 1,255

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kg

Gold production increased by 6 per cent from 126,500 ounces in the September quarter to 134,000 ounces in the December quarter mainly due to higher yield. Total tonnes mined, including capital waste stripping, increased by 2 per cent from 22.0 million tonnes in the September quarter to 22.5 million tonnes in the December quarter. Ore tonnes mined increased by 14 per cent from 3.5 million tonnes to 4.0 million tonnes due to increased mining volumes at Pepe and Akontansi pits in line with the mining plan. Operational waste tonnes mined increased by 12 per cent from 6.7 million tonnes to 7.5 million tonnes due to accelerated mining at Akontansi and Pepe pits to expose ore. Capital waste tonnes mined decreased by 7 per cent from 11.8 million tonnes to 11.0 million tonnes. Mined grade increased by 2 per cent from 1.21 grams per tonne to 1.23 grams per tonne. Gold mined increased by 15 per cent from 136,400 ounces to 157,200 ounces as a result of increased ore tonnes mined. The strip ratio decreased from 5.3 to 4.7. The CIL plant throughput was similar at 3.5 million tonnes Yield increased by 6 per cent from 1.14 grams per tonne to 1.21 grams per tonne mainly due to higher grade ore mined and processed. Cost of sales before amortisation and depreciation, increased by 9 per cent from US$76 million to US$83 million mainly due to increased operational tonnes mined, partially offset by a gold-in- process credit to costs of US$4 million in the December quarter compared with a charge to costs of US$3 million in the September quarter.