Gold Fields Limited

Notable vs. Peers

• Financials score of 4.6/10 is weaker than the peer average of 6.4/10.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · Multi-mine, multi-country producer with mines permitted independently over years/decades; no single company-wide permit date exists. Row presence documents that current producing mines are, by definition, permitted. · Source
2. Construction decision (FID)

   Reached — date not disclosed · Same multi-mine caveat as PERMIT_GRANTED -- no single company-wide construction-decision date represents a multi-asset portfolio built up over years. · Source
3. Construction start

   Jan 2021 · Approximate -- anchored to Salares Norte (Chile) construction, Gold Fields' most recent major build, ahead of its late-2025 commercial production. · Source
4. First pour / production

   Oct 2025 · Salares Norte (Chile) achieved commercial production in late 2025, per Gold Fields' own reporting -- the most recent, best-documented first-production event in the current portfolio. Other mines (e.g. South Deep, Tarkwa) have produced for far longer. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists across a multi-mine, multi-country portfolio (South Deep in South Africa, Tarkwa in Ghana, St Ives and Gruyere in Australia, Salares Norte in Chile, Cerro Corona in Peru) assembled over decades. Q2 2026 operational update reported Group attributable gold-equivalent production of ~630koz, with Salares Norte outperforming and Gruyere/Tarkwa both operating (each flagged as at risk of full-year guidance due to first-half softness, but both actively producing); H1 2026 financial results were released 2026-08-25. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.