Gold Fields improves its profit by 2.5 times
Gold Fields, in its unaudited results for the twelve months ended 31 December 2020, has announced normalised profit of US$878m for the year ended 31 December 2020 compared with normalised profit of US$343m for the year ended 31 December 2019.
At 31 December 2020, all operations are wholly owned except for Tarkwa and Damang in Ghana (90.0%), South Deep in South Africa (96.67%), Cerro Corona in Peru (99.5%), Gruyere JV (50%) and Asanko JV (45% equity share).
Gold produced (and sold) throughout this report includes copper gold equivalents of approximately 7% of Group production.
Gold Fields Limited is a globally diversified gold producer with nine operating mines (including our Asanko Joint Venture) in Australia, Ghana, Peru and South Africa and a project in Chile.
This short-form announcement is the responsibility of the directors and is only a summary of the information in the full results. The full results can be found on the company’s website at www.goldfields.com
The condensed consolidated financial statements of Gold Fields for the year ended 31 December 2020 have been reviewed by the company’s auditor, PricewaterhouseCoopers Inc.
