Gold Fields completes acquisition of Osisko Mining

Gold Fields Limited has completed the acquisition of Osisko Mining following receipt of all regulatory approvals and support from shareholders for the transaction at the Osisko shareholder meeting on 17 October 2024.

The transaction consolidates Gold Fields’ 100% ownership of the Windfall Project and the extensive
surrounding exploration camps in Québec, Canada, which were previously jointly and equally owned by
Gold Fields and Osisko.

Gold Fields has paid C$1.93billion (US$1.39bn) net of cash received, in settlement of the transaction
consideration using cash on hand, undrawn debt facilities and a US$750 million liquidity facility put in place
on 22 October 2024.

The company remains in a strong financial position post this payment, maintaining its investment grade credit rating.

Gold Fields’ financial position is expected to improve further, with strong cash flow growth expected for the balance of the year and into 2025, as production volumes increase at several of its operations.

Gold Fields CEO Mike Fraser welcomed completion of the transaction: “Deposits of the scale and quality
of Windfall with highly prospective exploration camps are rare, particularly in a world-class jurisdiction
like Québec, Canada.

”This transaction therefore marks an important step in our journey to continue improving the quality of our portfolio.”

“The key members of the Windfall team are remaining with the project, and we look forward to working
with them and our Windfall business partners to develop this truly exceptional asset. We are also
looking forward to partnering with our host communities, the Cree First Nation of Waswanipi and the
city of Lebel-sur-Quévillon, other local communities, and the Québec Government to build the next
major mining complex in Québec,” he said.

To date there has been significant investment in the Windfall Project, with Osisko Mining having
invested more than C$800m up until the announcement of the JV in May 2023.

Thereafter Gold Fields and Osisko each spent a further C$158 million, bringing total investment to date to more than C$1billion (US$720 million).

The current focus for the project is obtaining environmental permitting for full scale construction and
ongoing engagement with local communities, among others, for the finalisation of an Impact Benefit
Agreement with the Cree First Nation of Waswanipi and the Cree Nation Government.

Gold Fields is a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana, Chile and Peru and one project in Canada.

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