The new facility, agreed by Gold Fields with a syndicate of 14 banks, was oversubscribed by 1.33 times, the company said.

The loan carries an interest rate of between 120 basis points and 160 basis points over the London Interbank Offered Rate depending on the level of utilisation.

The company will use the funds for general corporate purposes and working capital requirements.

Gold Fields is a producer of gold with attributable annualised production of 3.6 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa.