Provisions (Tables)

12 Months Ended

Dec. 31, 2024


		United States Dollar
	Figures in millions unless otherwise stated	2024	2023

28.1	Environmental rehabilitation costs	475.5	452.9
28.2	Silicosis settlement costs	4.9	5.1
	Other	0.8	1.4
	Total provisions	481.2	459.4
	Current portion of provisions	(79.2)	(47.0)
	Non-current portion of provisions	402.0	412.4
28.1	Environmental rehabilitation costs
	Balance at beginning of the year	452.9	387.7
	Changes in estimates – capitalised1	20.6	53.9
	Changes in estimates – recognised in profit or loss1	(1.2)	4.0
	Osisko asset acquisition2	6.7	—
	Interest expense	24.8	21.8
	Payments	(9.4)	(14.8)
	Translation adjustment	(18.9)	0.3
	Balance at end of the year3	475.5	452.9
	Current portion of environmental rehabilitation costs	(78.4)	(46.8)
	Non-current portion of environmental rehabilitation costs	397.1	406.1
	The provision is calculated using the following gross closure cost estimates:
	South Africa	43.4	44.0
	Ghana	119.3	107.5
	Australia	228.8	230.6
	Peru	193.7	168.9
	Chile	48.4	47.1
	Canada	7.8	—
	Total gross closure cost estimates	641.4	598.1


The provision is calculated using the following assumptions:	Inflation rate Year 1	Inflation rate Year 2	Inflation rate Year 3	Inflation rate Year 4 onwards	Discount rate

2024
South Africa	4.3%	4.6%	4.6%	4.6%	11.1%
Ghana	2.2%	2.3%	2.3%	2.3%	10.9% – 11.3%
Australia	3.0%	2.8%	2.6%	2.5%	4.3% – 4.6%
Peru	2.2%	2.3%	2.3%	2.3%	5.6%
Chile	2.2%	2.3%	2.3%	2.3%	5.2%
Canada	2.0%	2.0%	2.0%	2.0%	3.1%
2023
South Africa	5.0%	4.6%	4.5%	4.5%	12.1%
Ghana	2.7%	2.5%	2.3%	2.3%	12.1% – 12.4%
Australia	3.8%	3.3%	2.8%	2.6%	4.0% – 4.2%
Peru	2.7%	2.5%	2.3%	2.3%	5.2%
Chile	2.7%	2.5%	2.3%	2.3%	4.6%

1Changes in estimates are defined as changes in reserves and corresponding changes in life of mine as well as changes in laws and regulations governing

environmental matters, closure cost estimates and discount rates.

2Refer to note 17.2 for details of the Osisko asset acquisition.

3South African, Ghanaian, Australian, Peruvian and Canadian mining companies are required by law to undertake rehabilitation as part of their ongoing operations.

These environmental rehabilitation costs are funded as follows:

•Ghana – reclamation bonds underwritten by banks and restricted cash (refer to note 21);

•South Africa – contributions into environmental trust funds (refer to note 21) and guarantees (refer to note 37);

•Australia – mine rehabilitation fund levy and cash (refer note 21);

•Peru – bank guarantees (refer note 37) and cash (refer to note 21); and

•Canada - bank guarantees (refer note 37).

Summary of Silicosis settlement costs


		United States Dollar
	Figures in millions unless otherwise stated	2024	2023

28.2	Silicosis settlement costs1
	Balance at the beginning of the year	5.1	10.5
	Changes in estimates	(0.3)	(4.1)
	Unwinding of provision recognised as finance expense	0.6	0.9
	Payment	(0.4)	(1.3)
	Translation	(0.1)	(0.9)
	Balance at end of the year	4.9	5.1
	Current portion of silicosis settlement costs	(0.8)	(0.2)
	Non-current portion of silicosis settlement costs	4.1	4.9

1The principal health risks associated with Gold Fields’ mining operations in South Africa arise from occupational exposure to silica dust, noise, heat and certain

hazardous chemicals. The most significant occupational diseases affecting Gold Fields’ workforce include lung diseases (such as silicosis, tuberculosis, a combination of

the two and chronic obstructive airways disease (“COAD”) as well as noise induced hearing loss (“NIHL”)).

A consolidated application was brought against several South African mining companies, including Gold Fields, for certification of a class action on behalf of current or

former mineworkers (and their dependants) who have allegedly contracted silicosis and/or tuberculosis while working for one or more of the mining companies listed in

the application.

The Tshiamiso Trust has been established to carry out the terms of the settlement agreement reached between six gold mining companies (including Gold Fields) and

claimant attorneys in the Silicosis and Tuberculosis class action. The Tshiamiso Trust is responsible for ensuring that all eligible current and former mineworkers across

southern Africa with Silicosis or work-related Tuberculosis (or their dependents where the mineworker has passed away) are compensated pursuant to the Silicosis and

Tuberculosis Class Action Settlement Agreement. Gold Fields provided an amount of US$4.9 million (R92.0 million) (2023: US$5.1 million (R93.8 million)) for this

obligation in the statement of financial position at 31 December 2024. The nominal amount of this provision is US$6.3 million (R119.1 million). Gold Fields believes that this

remains a reasonable estimate of its share of the settlement of the class action claims and related costs.

The assumptions that were made in the determination of the provision include silicosis prevalence rates, estimated settlement per claimant, benefit take-up rates and

disease progression rates. A discount rate of 9.02% (2023: 9.27%) was used, based on government bonds with similar terms to the anticipated settlements. Refer to note

38 for further details.