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Share-Based Payments (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract]  
Summary of share-based payment arrangements information The expense is as follows:
United States Dollar
Figures in millions unless otherwise stated
2023
2022
2021
Share-based payments
(9.1)
(6.9)
(12.7)
Total included in profit or loss for the year
(9.1)
(6.9)
(12.7)
Summary of movement of share options under Gold Fields limited 2012 share plan The following table summarises the movement of share options under the Gold Fields Limited 2012 share plan during
the years ended 31 December 2023, 2022 and 2021:
2023
2022
2021
Performance
Shares (PS)
Performance
Shares (PS)
Performance
Shares (PS)
Outstanding at beginning of the year
2,986,790
5,161,744
6,982,838
Movement during the year:
Granted
790,833
753,838
1,403,675
Exercised and released
(1,322,084)
(2,468,710)
(3,038,661)
Forfeited
(108,050)
(460,082)
(186,108)
Outstanding at end of the year
2,347,489
2,986,790
5,161,744
Summary of fair value of equity instruments granted The fair value of equity instruments granted during the year ended 31 December 2023, 2022 and 2021 were valued
using the Monte Carlo simulation model:
2023
2022
2021
Monte Carlo simulation
Performance shares
The inputs to the model for options granted during the year were
as follows:
– weighted average historical volatility (based on a statistical
analysis of the share price on a weighted moving average
basis for the expected term of the option)
51.7%
66.8%
63.6%
– expected term (years)
3 years
3 years
3 years
– dividend yield1
n/a
n/a
n/a
– average three-year risk free interest rate (based on US interest
rates)
1.8%
1.2%
1.2%
– weighted average fair value (United States dollars)
9.8
10.2
10.3
1There is no dividend yield applied to the Monte Carlo simulation model as the performance conditions follow a total shareholder return method.