Shortly after the formation of the new Gold Fields Limited in 1998, the Group adopted the policy of not hedging gold and thus being exposed to the prevailing value of the gold price.
It reflects our belief in the long-term value of gold. While our strategy is dynamic and continuously evolving in response to the changing environment in which we operate, three central pillars of our strategy will endure: operational excellence; Growing Gold Fields; and Securing the Future.
Sustainable Cash Flow to Underpin "Shared Value"
- To structure our business to generate at least a 15% All In Sustaining Cost (AISC) Free Cash Flow Margin at any gold price
- It is only if we generate cash on a sustainable basis that we will create sufficient value to meet our commitments to all of our stakeholders, and to grow Gold Fields
- “Shared Value” is created when both business and social needs are addressed. At its core, “Shared Value” is a business strategy that has a positive social impact without hand-outs
- To ensure the sustained support of our equity investors, we are committed to paying a dividend of 25% to 35% of normalised earnings