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Interest in Joint Operation
 12 Months Ended
Dec. 31, 2023
Disclosure of joint ventures [abstract]  
Interest in joint operation Interest in joint operation
On 13 December 2016, Gold Fields purchased 50% of the Gruyere Gold Project and entered into a 50:50
unincorporated joint operation with Gold Road Resources Limited (“Gold Road”) for the development and operation
of the Gruyere Gold Project in Western Australia, which comprises the Gruyere gold deposit as well as additional
resources including Central Bore and Attila/Alaric.
The Gruyere project was successfully completed during 2019, with first gold produced in June 2019. Commercial
levels of production were achieved at the end of September 2019.
Below is a summary of Gold Fields’ share of the joint operation and includes inter-company transactions and
balances:
2023
2022
Figures in millions unless otherwise stated
US$
A$
US$
A$
Statement of financial position
Non-current assets
507.0
744.4
517.5
759.0
Property, plant and equipment
507.0
744.4
515.0
755.4
Environmental trust fund
—
—
2.5
3.6
Current assets
70.3
103.2
62.6
91.9
Cash and cash equivalents
19.8
29.1
10.8
15.9
Inventories
47.2
69.3
50.4
74.0
Other receivables
3.3
4.8
1.4
2.0
Total assets
577.3
847.6
580.1
850.9
Total equity
Retained earnings
168.5
247.4
116.9
171.5
Non-current liabilities
162.9
239.2
153.3
224.9
Deferred taxation
60.4
88.7
58.2
85.4
Finance lease liabilities
77.6
114.0
75.2
110.3
Environmental rehabilitation costs
22.2
32.6
18.1
26.6
Long-term incentive plan
2.7
3.9
1.8
2.6
Current liabilities
245.9
361.0
309.8
454.5
Related entity loans payable
209.6
307.6
278.7
408.9
Trade and other payables
27.2
40.0
23.0
33.7
Current portion of finance lease liabilities
9.1
13.4
8.1
11.9
Total equity and liabilities
577.3
847.6
580.1
850.9