Gold Fields (GFI) Investor presentation summary

Portfolio overview and performance

• Operates eight mines and one project across six countries, with 2025 attributable production of 2,438koz gold equivalent and an all-in cost of $1,927/oz.

• Australia is the largest contributor, accounting for 44% of production, followed by Ghana (21%), Chile (16%), South Africa (12%), and Peru (7%).

• Adjusted free cash flow from operations reached $3,164m, with significant contributions from Australia ($1,804m), Chile ($808m), and Ghana ($568m).

• Exploration interests span Canada, Australia, Chile, and Peru, supporting future growth.

Strategic direction and aspirations

• Focused on safe, reliable, and cost-effective operations, with a strong emphasis on sustainability and community impact.

• Aims to grow production to 2.5–3.0 Moz annually, supported by a five-year roadmap and a 6.5% production CAGR from 2024 to 2030.

• Portfolio optimization and reserve growth underpin sustained production into the 2040s.

• Integrated culture and operating model enhancements are designed to elevate performance and shareholder value.

Growth projects and exploration

• Windfall project in Canada is a scalable, multi-decade asset targeting first gold in H1 2029, with steady-state AISC around $1,000/oz.

• Acquisition of Gold Road Resources consolidates 100% of Gruyere and expands the Australian land package.

• $129m spent on brownfields exploration and $101m on greenfields in 2025, with a 9% increase in reserves.

• Over 20 global exploration projects, with a disciplined annual funding of ~$50m to fast-track high-potential opportunities.