d all e picture and “send to back”
Gold Fields West Africa
ALFRED BAKU Executive Vice President and Head of Region
May 2019
Asanko
Gold Fields West Africa ALFRED BAKU Executive Vice President and - - PowerPoint PPT Presentation
d all Asanko e picture and send to back Gold Fields West Africa ALFRED BAKU Executive Vice President and Head of Region May 2019 Forward Looking Statements Certain statements in this document constitute forward looking statements
May 2019
Asanko
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Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include among others those relating to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations; exploration and production costs; levels of expected production; Gold Fields’ growth pipeline; levels and expected benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other
These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.
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4 Source: Ghana Government
5 Source: Ghana Chamber of Mines (2017)
20.19% 16.87% 12.44% 8.12% 8.75% 7.42% 7.31% 5.12% 4.89% 4.65% 4.18% 0.06% Gold Fields Ghana- Tarkwa Newmont Golden Ridge Limited- Akyem Newmont Ghana Gold Limited- Ahafo AngloGold Ashanti Iduapriem Limited Chirano Gold Mines Perseus Mining (Ghana) Limited Asanko Gold Mines Abosso Goldfields Limited- Damang Golden Star Wassa Limited Golden Star Bogoso Prestea Limited Adamus Resources Limited AngloGold Ashanti Limited- Obuasi
Source: Fitch
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Region consists of 2 mines Tarkwa & Damang and a JV, Asanko, all in Ghana
1 Includes 45% of Asanko Gold for August – December 2018 2 TFIFR – Total Recordable Injury Frequency Rate Injuries per 1 million hours worked, including employees and contractors 3 Net cash flow = cash-flow from operating activities less net capital expenditure, environmental payments and finance lease payments. If growth capital is excluded the numbers in US$m would have been: 2017: 179 & 2018: 149
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WA Gold Produced (Oz) and All-in-cost (AIC)
200 400 600 800 1,000 1,200 1,400 1,600 100 200 300 400 500 600 700 800 900 2013 2014 2015 2016 2017 2018 2019 Gold Produced (Oz) & All-in-cost (AIC) Actual Oz Plan Oz Actual AIC Plan AIC Guidance
200 400 600 800 1,000 1,200 1,400 100 200 300 400 500 600 700 2013 2014 2015 2016 2017 2018 2019 Gold Produced (Oz) & All-in-cost (AIC) Actual Oz Plan Oz Actual AIC Plan AIC Guidance Oz AIC
500 1,000 1,500 2,000 2,500 50 100 150 200 250 2013 2014 2015 2016 2017 2018 2019 Gold Produced (Oz) & All-in-cost (AIC) Actual Oz Plan Oz Actual AIC Plan AIC Guidance
Oz AIC Oz AIC
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AIC of US$900/oz for the region Sustaining operations through continued investment and brownfields exploration
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Some challenges in administration but DA provisions PREVAIL
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Aug 2015 - Phase 1 Final approval PPA with Genser 1 Jan 2017– Phase 2 Commissioning Damang Mine