UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form SD
SPECIALIZED DISCLOSURE REPORT
Gold Fields Limited
(Exact name of registrant as specified in its charter)
Republic of South Africa
(State or other jurisdiction of incorporation or organization)
001-31318
(Commission File Number)
150 Helen Rd.
Sandown, Sandton 2196
South Africa
(Address of principal executive offices) (Zip Code)
Kelly Carter, EVP Group Head of Legal & Compliance
Tel: +61 8 9211 9252
(Name and telephone number, including area code, of person to contact in connection with this report)
_______________________
Check the appropriate box to indicate the rule pursuant to which this form is being filed:
☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.
☑ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.
SECTION 1 - CONFLICT MINERALS DISCLOSURE
Item 1.01. Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 Exhibit
Not applicable
SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01. Resource Extraction Issuer Disclosure and Report
Disclosure of payments by resource extraction issuers.
The payment disclosure required by this Form is included as Exhibit 2.01 to this Form SD.
SECTION 3 - EXHIBITS
Item 3.01. Exhibits
The following exhibit is filed as part of this report.
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| Exhibit Number | | Description |
| 2.01 | | Resource Extraction Payment Report as required by Item 2.01 of this Form |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| Gold Fields Limited |
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| Date: September 20, 2024 | By: | /s/ Mike Fraser |
| | Name: | Mike Fraser |
| | Title: | Chief Executive Officer |
Resource Extraction Payment Report
Gold Fields Limited
For the period January 1 to December 31, 2023
Currency of report: United States dollars
In this exhibit, references to “ZAR” or “Rand” refer to the South African Rand, “A$” and “Australian dollars” refer to Australian dollars, “£” or “GBP” refer to British pound sterling, “US$” or “USD” refer to United States dollars, “S/.” or "PEN" refers to Peruvian Nuevo Sol, “GH₵” refers to Ghanaian Cedi and “CLP” refers to Chilean Peso.
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| Government-level Disclosure | |
Figures in US$ million1 |
| Country | Payee Name | Departments, Agency, etc. within Payee that Received Payments | Taxes | Royalties | Fees | Production entitlements | Bonuses | Dividends | Payments for infrastructure improvements | Community and social responsibility payments that required by law or contract | Total |
| South Africa | Government of South Africa | South African Revenue Service (SARS) | 5.7 | | | 3.1 | | | — | | | — | | | — | | | — | | | — | | | — | | | 8.8 | | |
| The Compensation Commissioner for Occupational Diseases | — | | | — | | | 0.4 | | | — | | | — | | | — | | | — | | | — | | | 0.4 | | |
| Total South Africa | 5.7 | | | 3.1 | | | 0.4 | | | — | | | — | | | — | | | — | | | — | | | 9.2 | | |
| Peru | Government of Peru | Superintendencia de Administración Tributaria (SUNAT) | 67.2 | | | 7.2 | | | — | | | — | | | — | | | — | | | — | | | — | | | 74.4 | | |
| Institución Geológico, Minero y Metalúrgico (INGEMMET) | — | | | — | | | 0.6 | | | — | | | — | | | — | | | — | | | — | | | 0.6 | | |
| Autoridad Nacional del Agua (ANA) | — | | | — | | | 0.2 | | | — | | | — | | | — | | | — | | | — | | | 0.2 | | |
| Organismo Supervisor de la Inversión en Energía y Minería (OSINERGMIN) | — | | | — | | | 0.6 | | | — | | | — | | | — | | | — | | | — | | | 0.6 | | |
| Organismo de Evaluación y Fisicalización Ambiental (OEFA) | — | | | — | | | 0.4 | | | — | | | — | | | — | | | — | | | — | | | 0.4 | | |
| Total Peru | 67.2 | | | 7.2 | | | 1.8 | | | — | | | — | | | — | | | — | | | — | | | 76.2 | | |
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| Australia | Australian Government | Australian Taxation Office | 193.0 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 193.0 | | |
| Western Australian Government | Department of Energy, Mines, Industry Regulation and Safety | — | | | 47.8 | | | 5.4 | | | — | | | — | | | — | | | — | | | — | | | 53.2 | | |
| Department of Finance | 13.8 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 13.8 | | |
| Department of Water and Environmental Regulation | — | | | — | | | 0.2 | | | — | | | — | | | — | | | — | | | — | | | 0.2 | | |
| Shire of Coolgardie | Shire of Coolgardie | — | | | — | | | 1.1 | | | — | | | — | | | — | | | — | | | — | | | 1.1 | | |
| Shire of Laverton | Shire of Laverton | — | | | — | | | 0.7 | | | — | | | — | | | — | | | — | | | — | | | 0.7 | | |
| Shire of Leonora | Shire of Leonora | — | | | — | | | 0.9 | | | — | | | — | | | — | | | — | | | — | | | 0.9 | | |
| Total Australia | 206.8 | | | 47.8 | | | 8.3 | | | — | | | — | | | — | | | — | | | — | | | 262.9 | | |
| Ghana | Government of Ghana | Ghana Revenue Authority | 155.3 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 155.3 | | |
| Minerals Income Investment Fund | — | | | 55.3 | | | — | | | — | | | — | | | — | | | — | | | — | | | 55.3 | | |
| Minerals Commission | — | | | — | | | 1.4 | | | — | | | — | | | — | | | — | | | — | | | 1.4 | | |
| Total Ghana | 155.3 | | | 55.3 | | | 1.4 | | | — | | | — | | | — | | | — | | | — | | | 212.0 | | |
| Chile | Government of Chile | General Treasury of the Republic | 3.5 | | | — | | | 0.2 | | | — | | | — | | | — | | | — | | | — | | | 3.7 | | |
| Total Chile | 3.5 | | | — | | | 0.2 | | | — | | | — | | | — | | | — | | | — | | | 3.7 | | |
| Gibraltar | Government of Gibraltar | Income Tax Office – Government of Gibraltar | 0.2 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 0.2 | | |
| Total Gibraltar | 0.2 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 0.2 | | |
| Total | 438.7 | | | 113.4 | | | 12.1 | | | — | | | — | | | — | | | — | | | — | | | 564.2 | | |
Note:
(1)When payments are made in A$, S/., GH₵, Rand, GBP or CLP, they were converted into US$ using the average exchange rates during the reporting period. The average exchange rates for the period from January 1 to December 31, 2023 were A$/US$: 0.66, US$/ZAR: 18.45, US$/PEN: 3.74, US$/CLP: 840.08, US$/GH₵:11.63 and GBP/US$: 1.24.
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| Project-level Disclosure | |
Figures in US$ million1 |
| Country | Mineral type | Entity | Project | Taxes | Royalties | Fees | Production entitlements | Bonuses | Dividends | Payments for infrastructure improvements | Community and social responsibility payments that required by law or contract | Total |
| South Africa | Gold | GFI Joint Venture Holdings Pty Ltd | South Deep Gold Mine | 0.2 | | | 1.6 | | | 0.2 | | | — | | | — | | | — | | | — | | | — | | | 2.0 | | |
| Gold Fields Operations Pty Ltd | South Deep Gold Mine | 0.3 | | | 1.5 | | | 0.2 | | | — | | | — | | | — | | | — | | | — | | | 2.0 | | |
| Gold Fields Holding Company Limited | Investment Holding Company | 0.2 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 0.2 | | |
| Gold Fields Group Services Pty Ltd | Service Company | 1.3 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 1.3 | | |
| GFL Mining Services Limited | Investment Holding Company | 1.3 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 1.3 | | |
| Gold Fields Limited | Investment Holding Company | 2.4 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 2.4 | | |
| Peru | Gold and Copper Concentrate | Gold Fields La Cima | Cerro Corona Mine | 67.2 | | | 7.2 | | | 1.8 | | | — | | | — | | | — | | | — | | | — | | | 76.2 | | |
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| Australia | Gold | Gold Fields Australia Pty Ltd | Representative Tax Payer | 195.3 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 195.3 | | |
| Agnew Gold Mining Company Pty Ltd | Agnew Gold Mine | 2.4 | | | 10.6 | | | 2.4 | | | — | | | — | | | — | | | — | | | — | | | 15.4 | | |
| Gruyere Management Pty Ltd | Gruyere Gold Mine | 0.8 | | | 7.5 | | | 0.9 | | | — | | | — | | | — | | | — | | | — | | | 9.2 | | |
| GSM Mining Company Pty Ltd | Granny Smith Gold Mine | 4.5 | | | 12.6 | | | 1.8 | | | — | | | — | | | — | | | — | | | — | | | 18.9 | | |
| St Ives Gold Mining Company Pty Ltd | St Ives Gold Mine | 3.8 | | | 17.1 | | | 3.2 | | | — | | | — | | | — | | | — | | | — | | | 24.1 | | |
| Ghana | Gold | Abosso Goldfields Limited | Damang Gold Mine | 19.8 | | | 12.4 | | | 0.4 | | | — | | | — | | | — | | | — | | | — | | | 32.6 | | |
| Gold Fields Ghana Limited | Tarkwa Gold Mine | 135.5 | | | 42.9 | | | 1.0 | | | — | | | — | | | — | | | — | | | — | | | 179.4 | | |
| Chile | Gold | Minera Gold Fields Salares Norte SpA | Salares Norte | 3.5 | | | — | | | 0.2 | | | — | | | — | | | — | | | — | | | — | | | 3.7 | | |
| Gibraltar | Gold | Euroguard PLC | Insurance cell | 0.2 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 0.2 | | |
| Total | 438.7 | | | 113.4 | | | 12.1 | | | — | | — | | — | | — | | — | | | 564.2 | | |
Note:
(1)When payments are made in A$, S/., GH₵, Rand, GBP or CLP, they were converted into US$ using the average exchange rates during the reporting period. The average exchange rates for the period from January 1 to December 31, 2023 were A$/US$: 0.66, US$/ZAR: 18.45, US$/PEN: 3.74, US$/CLP: 840.08, US$/GH₵:11.63 and GBP/US$: 1.24.
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| Payment Details Disclosure |
Figures in US$ million1 |
| Payment | Country | Resource | Entity | Project | Extraction Method | Segment | Government | Payment Type | Amount |
| 1 | South Africa | Gold | Gold Fields Holding Company Limited | Investment Holding Company | — | Mining Operations | South African Revenue Services | Taxes | 0.2 | | |
| 2 | South Africa | Gold | Gold Fields Group Services Pty Ltd | Service Company | — | Mining Operations | South African Revenue Services | Taxes | 1.3 | | |
| 3 | South Africa | Gold | GFL Mining Services Limited | Investment Holding Company | — | Mining Operations | South African Revenue Services | Taxes | 1.3 | | |
| 4 | South Africa | Gold | Gold Fields Limited | Investment Holding Company | — | Mining Operations | South African Revenue Services | Taxes | 2.4 | | |
| 5 | South Africa | Gold | GFI Joint Venture Holdings Pty Ltd | South Deep Gold Mine | Underground Mining | Mining Operations | South African Revenue Services | Taxes | 0.2 | | |
| 6 | South Africa | Gold | GFI Joint Venture Holdings Pty Ltd | South Deep Gold Mine | Underground Mining | Mining Operations | South African Revenue Services | Royalties | 1.6 | | |
| 7 | South Africa | Gold | GFI Joint Venture Holdings Pty Ltd | South Deep Gold Mine | Underground Mining | Mining Operations | The Compensation Commissioner for Occupational Diseases | Fees | 0.2 | | |
| 8 | South Africa | Gold | Gold Fields Operations Pty Ltd | South Deep Gold Mine | Underground Mining | Mining Operations | South African Revenue Services | Taxes | 0.3 | | |
| 9 | South Africa | Gold | Gold Fields Operations Pty Ltd | South Deep Gold Mine | Underground Mining | Mining Operations | South African Revenue Services | Royalties | 1.5 | | |
| 10 | South Africa | Gold | Gold Fields Operations Pty Ltd | South Deep Gold Mine | Underground Mining | Mining Operations | The Compensation Commissioner for Occupational Diseases | Fees | 0.2 | | |
| 11 | Peru | Gold and Copper Concentrate | Gold Fields La Cima | Cerro Corona Mine | Open Pit | Mining Operations | Superintendencia de Administración Tributaria (SUNAT) | Taxes | 67.2 | | |
| 12 | Peru | Gold and Copper Concentrate | Gold Fields La Cima | Cerro Corona Mine | Open Pit | Mining Operations | Superintendencia de Administración Tributaria (SUNAT) | Royalties | 7.2 | | |
| 13 | Peru | Gold and Copper Concentrate | Gold Fields La Cima | Cerro Corona Mine | Open Pit | Mining Operations | Instituto Geológico, Minero y Metalúrgico (INGEMMET) | Fees | 0.6 | | |
| 14 | Peru | Gold and Copper Concentrate | Gold Fields La Cima | Cerro Corona Mine | Open Pit | Mining Operations | Autoridad National del Agua (ANA) | Fees | 0.2 | | |
| 15 | Peru | Gold and Copper Concentrate | Gold Fields La Cima | Cerro Corona Mine | Open Pit | Mining Operations | Organismo Supervisor de la Inversión en Energía y Minería (OSINERGMIN) | Fees | 0.6 | | |
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| 16 | Peru | Gold and Copper Concentrate | Gold Fields La Cima | Cerro Corona Mine | Open Pit | Mining Operations | Organismo de Evaluación y Fiscalización Ambiental (OEFA) | Fees | 0.4 | | |
| 17 | Australia | Gold | Gold Fields Australia Pty Ltd | Representative Tax Payer | — | Mining Operations | Australian Taxation Office | Taxes | 192.4 | | |
| 18 | Australia | Gold | Gold Fields Australia Pty Ltd | Representative Tax Payer | — | Mining Operations | Western Australia Department of Finance | Taxes | 2.9 | | |
| 19 | Australia | Gold | Agnew Gold Mining Company Pty Ltd | Agnew Gold Mine | Underground and Open Pit Mining | Mining Operations | Australian Taxation Office | Taxes | 0.2 | | |
| 20 | Australia | Gold | Agnew Gold Mining Company Pty Ltd | Agnew Gold Mine | Underground and Open Pit Mining | Mining Operations | Western Australia Department of Finance | Taxes | 2.2 | | |
| 21 | Australia | Gold | Agnew Gold Mining Company Pty Ltd | Agnew Gold Mine | Underground and Open Pit Mining | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Royalties | 10.6 | | |
| 22 | Australia | Gold | Agnew Gold Mining Company Pty Ltd | Agnew Gold Mine | Underground and Open Pit Mining | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Fees | 1.5 | | |
| 23 | Australia | Gold | Agnew Gold Mining Company Pty Ltd | Agnew Gold Mine | Underground and Open Pit Mining | Mining Operations | Shire of Leonora | Fees | 0.9 | | |
| 24 | Australia | Gold | Gruyere Management Pty Ltd | Gruyere Gold Mine | Open Pit | Mining Operations | Western Australia Department of Finance | Taxes | 0.8 | | |
| 25 | Australia | Gold | Gruyere Management Pty Ltd | Gruyere Gold Mine | Open Pit | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Royalties | 7.5 | | |
| 26 | Australia | Gold | Gruyere Management Pty Ltd | Gruyere Gold Mine | Open Pit | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Fees | 0.7 | | |
| 27 | Australia | Gold | Gruyere Management Pty Ltd | Gruyere Gold Mine | Open Pit | Mining Operations | Shire of Laverton | Fees | 0.2 | | |
| 28 | Australia | Gold | GSM Mining Company Pty Ltd | Granny Smith Gold Mine | Underground Mining | Mining Operations | Australian Taxation Office | Taxes | 0.2 | | |
| 29 | Australia | Gold | GSM Mining Company Pty Ltd | Granny Smith Gold Mine | Underground Mining | Mining Operations | Western Australia Department of Finance | Taxes | 4.3 | | |
| 30 | Australia | Gold | GSM Mining Company Pty Ltd | Granny Smith Gold Mine | Underground Mining | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Royalties | 12.6 | | |
| 31 | Australia | Gold | GSM Mining Company Pty Ltd | Granny Smith Gold Mine | Underground Mining | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Fees | 1.2 | | |
| 32 | Australia | Gold | GSM Mining Company Pty Ltd | Granny Smith Gold Mine | Underground Mining | Mining Operations | Department of Water and Environmental Regulation | Fees | 0.1 | | |
| 33 | Australia | Gold | GSM Mining Company Pty Ltd | Granny Smith Gold Mine | Underground Mining | Mining Operations | Shire of Laverton | Fees | 0.5 | | |
| 34 | Australia | Gold | St Ives Gold Mining Company Pty Ltd | St Ives Gold Mine | Underground and Open Pit Mining | Mining Operations | Australian Taxation Office | Taxes | 0.2 | | |
| 35 | Australia | Gold | St Ives Gold Mining Company Pty Ltd | St Ives Gold Mine | Underground and Open Pit Mining | Mining Operations | Western Australia Department of Finance | Taxes | 3.6 | | |
| 36 | Australia | Gold | St Ives Gold Mining Company Pty Ltd | St Ives Gold Mine | Underground and Open Pit Mining | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Royalties | 17.1 | | |
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| 37 | Australia | Gold | St Ives Gold Mining Company Pty Ltd | St Ives Gold Mine | Underground and Open Pit Mining | Mining Operations | Department of Energy, Mines, Industry Regulation and Safety | Fees | 2.0 | | |
| 38 | Australia | Gold | St Ives Gold Mining Company Pty Ltd | St Ives Gold Mine | Underground and Open Pit Mining | Mining Operations | Department of Water and Environmental Regulation | Fees | 0.1 | | |
| 39 | Australia | Gold | St Ives Gold Mining Company Pty Ltd | St Ives Gold Mine | Underground and Open Pit Mining | Mining Operations | Shire of Coolgardie | Fees | 1.1 | | |
| 40 | Ghana | Gold | Abosso Goldfields Limited | Damang | Open Pit | Mining Operations | Ghana Revenue Authority | Taxes | 19.8 | | |
| 41 | Ghana | Gold | Abosso Goldfields Limited | Damang | Open Pit | Mining Operations | Minerals Income Investment Fund | Royalties | 12.4 | | |
| 42 | Ghana | Gold | Abosso Goldfields Limited | Damang | Open Pit | Mining Operations | Minerals Commission | Fees | 0.4 | | |
| 43 | Ghana | Gold | Gold Fields Ghana Limited | Tarkwa | Open Pit | Mining Operations | Ghana Revenue Authority | Taxes | 135.5 | | |
| 44 | Ghana | Gold | Gold Fields Ghana Limited | Tarkwa | Open Pit | Mining Operations | Minerals Income Investment Fund | Royalties | 42.9 | | |
| 45 | Ghana | Gold | Gold Fields Ghana Limited | Tarkwa | Open Pit | Mining Operations | Minerals Commission | Fees | 1.0 | | |
| 46 | Chile | Gold | Minera Gold Fields Salares Norte SpA | Salares Norte | Open Pit | Mining Operations | General Treasury of the Republic | Taxes | 3.5 | | |
| 47 | Chile | Gold | Minera Gold Fields Salares Norte SpA | Salares Norte | Open Pit | Mining Operations | General Treasury of the Republic | Fees | 0.2 | | |
| 48 | Gibraltar | Gold | Eurogard PLC | Insurance cell | — | Mining Operations | Income Tax Office – Government of Gibraltar | Taxes | 0.2 | | |
| Total | 564.2 | | |
Note:
(1)When payments are made in A$, S/., GH₵, Rand, GBP or CLP, they were converted into US$ using the average exchange rates during the reporting period. The average exchange rates for the period from January 1 to December 31, 2023 were A$/US$: 0.66, US$/ZAR: 18.45, US$/PEN: 3.74, US$/CLP: 840.08, US$/GH₵:11.63 and GBP/US$: 1.24.
