Related Parties

12 Months Ended

Dec. 31, 2023

Disclosure of transactions between related parties [abstract]

Related parties

(a)Subsidiaries, associates and joint ventures

The subsidiaries, associates and joint ventures of the Company are disclosed in note 45.

All transactions and balances with these related parties have been eliminated in accordance with and to the extent

required by IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IAS 28 Investments in

Associates and Joint Ventures.

(b)Key management remuneration

Key management personnel include Executive Directors and prescribed officers (“Executive Committee”). The total

key management remuneration amounted to US$15.6 million (2022: US$19.6 million) for 2023.

The details of key management personnel, including remuneration and participation in the Gold Fields Limited share

scheme and LTIP are disclosed in note 43 (c).

(c)Directors’ and prescribed officers’ remuneration

None of the Directors and officers of Gold Fields or, to the knowledge of Gold Fields, their families, had any interest,

direct or indirect, in any transaction during the last three fiscal periods or in any proposed transaction which has

affected or will materially affect Gold Fields or its investment interests or subsidiaries, other than as stated below.

None of the Directors or officers of Gold Fields or any associate of such Director or officer is currently or has been at

any time during the past three fiscal periods indebted to Gold Fields.

At 31 December 2023, the Executive Committee and Non-executive Directors’ beneficial interest in the issued and

listed stated capital of the Company was 0.1% (2022: 0.1% and 2021: 0.1%). No one Director’s interest individually

exceeds 1% of the issued stated capital or voting control of the Company.

Non-executive Directors (“NEDs”)

NEDs’ fees reflect their services as Directors and services on various subcommittees on which they serve.

NEDs do not participate in any of the short- or long-term incentive plans and there are no arrangements in place for

compensation to be awarded in the case of loss of office.

The Remuneration Committee seeks to align NEDs’ fees to the median of an appropriate peer group and reviews fee

structures for NEDs on an annual basis. Approval is sought from shareholders after recommendation by the Board at

the Annual General Meeting.

Notes to the consolidated financial statements continued

for the year ended 31 December 2023

43.Related parties continued

The following table summarises the remuneration for NEDs for the years ended 31 December 2023 and 2022:


	Directors Fees US$’000	Board fees Committee Fees US$’000	Total US$’000

Y Suleman1	197.5	—	197.5
P Bacchus2	89.3	66.8	156.1
S Reid3	128.6	—	128.6
T Goodlace	64.8	44.1	108.9
A Andani4	89.3	65.1	154.4
P Sibiya5	64.8	53.2	118.0
J McGill6	89.3	72.0	161.3
C Bitar7	89.3	52.1	141.4
C Smit8	38.8	8.8	47.6
Total - 2023	851.7	362.1	1,213.8

C Carolus9	85.4	—	85.4
Y Suleman1	153.2	26.8	180.0
P Bacchus2	85.2	126.2	211.4
S Reid3	137.1	—	137.1
T Goodlace	69.1	71.9	141.0
A Andani4	85.2	102.4	187.6
P Sibiya5	69.1	86.1	155.2
J McGill6	85.2	74.3	159.5
C Bitar7	57.3	46.8	104.1
Total - 2022	826.8	534.5	1,361.3

1Y Suleman receives an all-inclusive fee as Chairperson of the Board.

2P Bacchus received a delta payment in March 2023 for ad hoc Investment Committee fees paid between June 2022 and December 2022 as

Chairperson of the Committee, as reflected in the 2022 single figure of remuneration for 2022. Attended ad hoc Investment Committee meeting

held on 21 February 2023 and remunerated in March 2023, which is reflected in the single figure of remuneration for 2023.

3S Reid is an independent director and receives an all-inclusive fee. S Reid is a director of various subsidiaries in the Netherlands and Isle of Man.

Fees are paid by Gold Fields Netherlands Services and Gold Field Orogen Holding (BVI) Limited, respectively.

4A Andani is a director of subsidiaries Gold Fields Ghana Limited and Abosso Goldfields Limited. The fees for these subsidiary boards are not

determined by Gold Fields. Attended ad hoc Investment Committee meeting held on 21 February 2023 and remunerated in March 2023. Recovery

of additional payment made in January 2023 also processed during March 2023.

5P Sibiya attended an ad hoc Investment Committee meeting held on 21 February 2023. She was remunerated in March 2023 and recovery of

additional payment made in January 2023 was also processed during March 2023.

6J McGill was appointed to the Nominating and Governance Committee effective 22 February 2023. She received a pro-rata payment in March

2023 for this appointment, which is included in the single figure of remuneration for 2023.

7C Bitar was appointed to the Remuneration Committee effective 22 February 2023. She received a pro-rata payment in March 2023 for this

appointment, which is included in the single figure of remuneration for 2023.

8C Smit was appointed as a director of the Board and a member of the Audit Committee on 1 June 2023. He was also appointed to the Risk; Capital

Projects, Control and Review; and Strategy and Investment (previously ad hoc Investment) Committees on 1 December 2023.

9C Carolus resigned from the Board on 31 May 2022.

43.Related parties continued

Executive Committee

The following table summarises the remuneration for Executive Directors and prescribed officers:


	Salary1 US$'000	Pension fund contribution US$'000	Cash incentive2 US$'000	Other3 US$'000	Share-based payment expense4 US$'000	Total US$'000

2023
Executive directors
M Preece5	594.3	29.0	177.3	2.1	1,108.2	1,910.9
P Schmidt	591.7	48.1	177.9	2.4	1,422.0	2,242.1
	1,186.0	77.1	355.2	4.5	2,530.2	4,153.0
Prescribed officers
B Mokoatle6	167.8	40.8	98.1	0.9	156.6	464.2
L Rivera7	816.1	220.0	—	790.7	1,077.1	2,903.9
N Chohan	309.7	45.8	94.7	4.3	740.5	1,195.0
B Mattison8	111.8	7.0	—	450.4	(397.6)	171.6
T Leishman9	85.4	7.7	—	355.7	(321.1)	127.7
A Nagaser10	115.1	14.1	—	255.7	(173.0)	211.9
S Mathews	635.7	18.2	221.3	—	1,009.6	1,884.8
R Bardien	276.0	35.9	203.6	0.2	655.0	1,170.7
J Mortoti11	696.2	127.1	308.6	84.3	477.5	1,693.7
K Carter12	371.9	15.2	126.9	5.1	302.8	821.9
J Magagula13	84.8	14.8	26.2	290.0	—	415.8
F Swanepoel14	278.6	1.1	131.7	19.4	—	430.8
	3,949.1	547.7	1,211.1	2,256.7	3,527.4	11,492.0
Total - 2023	5,135.1	624.8	1,566.3	2,261.2	6,057.6	15,645.0

1The total US$ amounts paid for 2023 and included in salary were as follows: P Schmidt US$142,750 and B Mattison US$26,367.

2The annual bonuses for the year ended 31 December 2023 were paid in February/March 2024.

3Other payments include business related reimbursements and incidental payments unless otherwise stated.

4The share-based payment expense is calculated in terms of IFRS Accounting Standards and is not the cash amounts paid.

5M Preece was EVP for the South Africa region until 31 December 2022 and took over as interim CEO on 1 January 2023.

6B Mokoatle was appointed as EVP South Africa effective 1 June 2023.

7Other payments for 2023 include advance payment of portion of estimated Peru Utilidades.

8B Mattison resigned as at 6 April 2023. “Other” includes payment for Confidentiality Non-Compete and Intellectual Property ("CNCIP"), sundry

reimbursements and leave payout.

9T Leishman resigned as at 6 April 2023. “Other” includes payment for CNCIP, sundry reimbursements and leave payout.

10A Nagaser resigned as at 30 June 2023. “Other” includes payment for CNCIP, sundry reimbursements and leave payout.

11J Mortoti was appointed on 1 July 2022.

12K Carter was appointed as EVP Group Legal and Compliance effective 1 March 2023. Values are included from this appointment date.

13J Magagula was appointed as EVP Investor Relations effective 1 August 2023. Values are included from this appointment date. “Other” payments

include a sign-on bonus received during her first month of employment with a service obligation agreement of 36 months.

14F Swanepoel was appointed as Chief Technical Officer effective 1 June 2023. Values are included from this appointment date. “Other” payments

include education scholarship for children.

Notes to the consolidated financial statements continued

for the year ended 31 December 2023

43.Related parties continued


	Salary1 US$'000	Pension fund contribution US$'000	Cash incentive2 US$'000	Other3 US$'000	Share-based payment expense4 US$'000	Total US$'000

2022
Executive directors
C Griffith5	943.3	22.7	682.3	2,998.8	450.1	5,097.2
P Schmidt	617.1	46.2	453.9	3.0	833.2	1,953.4
	1,560.4	68.9	1,136.2	3,001.8	1,283.3	7,050.6
Prescribed officers
M Preece6	515.0	25.2	410.4	1.4	1,153.8	2,105.8
L Rivera7	853.0	362.8	—	—	720.0	1,935.8
R Butcher8	396.9	14.3	235.7	163.9	(244.8)	566.0
N Chohan	347.3	30.2	232.5	0.9	545.1	1,156.0
B Mattison	447.9	24.1	318.0	5.3	707.7	1,503.0
T Leishman	354.8	25.1	251.7	1.1	651.8	1,284.5
A Nagaser	251.2	26.1	174.0	10.9	342.5	804.7
S Mathews	562.3	18.4	264.5	2.3	555.4	1,402.9
R Bardien	305.4	25.8	211.8	—	375.5	918.5
J Mortoti9	378.1	58.9	324.2	69.9	25.0	856.1
	4,411.9	610.9	2,422.8	255.7	4,832.0	12,533.3
Total - 2022	5,972.3	679.8	3,559.0	3,257.5	6,115.3	19,583.9

1The total US$ amounts paid for 2022 and included in salary were as follows: C Griffith US$$336,501, P Schmidt US$135,300 and B Mattison US

US$96,200.

2The annual bonuses for the year ended 31 December 2022 were paid in February/March 2023.

3Other payments include business related reimbursements and incidental payments unless otherwise stated.

4The share-based payment expense is calculated in terms of IFRS Accounting Standards and is not the cash amounts paid.

5C Griffith stepped down as CEO and exited the Company with effect from 31 December 2022. Other payments for 2022 include termination

payments in line with his separation agreement.

6M Preece was EVP for the South Africa region until 31 December 2022 and took over as interim CEO on 1 January 2023.

7Other payments for 2022 include advance payment of portion of estimated Peru Utilidades.

8 R Butcher resigned effective 30 September 2022. His cash incentive payment for 2022 was negotiated and approved by Remco and the Board.

9J Mortoti was appointed on 1 July 2022.