JOHANNESBURG (miningweekly.com) – Phillip Anthony Murnane will no longer be the new CFO of Gold Fields, as was announced on the JSE Stock Exchange News Service (SENS) in August last year.

Instead, as from March 1, that role will be filled by Alex Dall, who has been interim CFO since the retirement of long-serving Paul Schmidt in April last year.

Murnane's expected early 2025 commencement will now, for personal reasons, not take place, it was confirmed in a Friday, February 7, SENS, in which Dall was announced as the permanent CFO and executive director from the start of next month.

Interestingly, as interim CFO, Dall delivered the financial results for the six months to June 30, secured debt financing for the acquisition of Osisko Mining, and led the finance function transition as part of Gold Fields’ 2024 organisational restructure.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada.

Dall was described in the SENS announcement as having been pivotal in structuring, negotiating, and executing group funding strategies, providing strategic oversight on merger-and-acquisition transactions, and driving corporate financial, tax and capital efficiency initiatives.

Prior to Gold Fields, Dall worked at major accounting firm KPMG, where he completed his articles in the energy and natural resources department.

“The leadership he has shown while in the interim CFO role and the strong contributions he has made as a member of our executive committee during this time, give me confidence that he will be invaluable as we continue to improve our safety, operational and financial performance, strengthen our financial position and grow the company,” Gold Fields CEO Mike Fraser commented.

Gold Fields chairperson Yunus Suleman highlighted Dall’s “deep understanding of the Gold Fields business and solid financial and strategic proficiency”.

Mining Weekly can report that Gold Fields will announce its results for the 12 months ended December 31 on SENS and on the company’s website, www.goldfields.com, at 07:05 on Thursday, February 20, and is also hosting a media round table via conference call at 10:00 to discuss the results and answer questions.

South Africa-rooted but globally expansive Gold Fields has nine operating mines in Australia, Ghana, Chile, and Peru, along with the long-life South Deep gold mine, near Carletonville, on Johannesburg's Far West Rand.

Gold Fields' total attributable gold-equivalent production of 2.3-million ounces a year are underpinned by proved and probable gold mineral reserves of 46.1-million ounces. 

In addition to the JSE listing, the company's American depositary shares also trade on the New York Exchange.