Ghana Expected Credit Loss (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of impairment loss and reversal of impairment loss [abstract]

Summary of expected credit losses

	United States Dollar
Figures in millions unless otherwise stated	2024	2023	2022
Ghana expected credit loss – loan advanced to contractor1	—	(25.4)	(3.9)
Damang expected credit loss – receivable2	—	(7.8)	—
Tarkwa expected credit loss – receivable3	—	—	(13.6)
Total expected credit loss	—	(33.2)	(17.5)

1An expected credit loss of US$nil (2023: US$25.4 million and 2022: US$3.9 million) was raised against a contractor loan at 31 December 2024. The total expected credit

loss amounted to US$25.4 million of which the interest portion amounting to US$2.0 million was included in trade and other receivables and the loan portion amounting

to US$23.4 million was included in loan advanced – contractor.The contractor loan (refer note 13.2) related to the financial assistance provided to a contractor at Ghana

for the procurement of new fleet. Refer note 41 for further details.

2An expected credit loss of US$nil (2023: US$7.8 million and 2022: US$nil) was raised against a receivable at 31 December 2024. The receivable of US$7.8 million in

2023 related to a payment advanced to a contractor at Damang.

3An expected credit loss of US$nil (2023: US$nil and 2022: US$13.6 million) was raised against a receivable at 31 December 2024. The receivable of US$13.6 million in

2022 related to a payment advanced to a contractor at Tarkwa.

Summary of loans advanced to contractors

	United States Dollar
Figures in millions unless otherwise stated	2024	2023
Balance at beginning of the year	—	23.4
Expected credit loss1	—	(23.4)
Total loan advanced to contractor2	—	—

1The total expected credit loss recognised in the income statement for 2023 amounted to US$25.4 million of which the interest portion amounting to US$2.0 million was

included in trade and other receivables and the loan portion amounting to US$23.4 million was included in loan advanced – contractor. Refer note 13.1.

2Due to issues with fleet availability at both Tarkwa and Damang, an agreement was entered into between Gold Fields and Engineers and Planners (“E&P”) to provide

financial assistance to E&P in order to procure new fleet. The initial loan amounted to US$68.4 million, bears interest at a market related - rate and a portion is secured

over the fleet purchased in 2020. At 31 December 2024, a cumulative expected credit loss provision of US$68.4 million (2023: US$68.4 million) was raised against the

loan, resulting in a net balance of US$nil (2023: US$nil).