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Wed 6 Aug 2025
Close: 54 270c 
Day's move: 816c (1.53%)
Volume: 2 694 884
Trades: 19 816
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Gold Fields - trading statement and update
Gold Fields advised that headline earnings per share (HEPS) for the six months ended 30 June 2025 (H1 2025) are expected to be in the range of USD1.09 to USD1.21 per share, which is 203% to 236% higher than HEPS reported for the six months ended 30 June 2024 (H1 2024) of USD0.36 per share.
Basic earnings per share (EPS) for H1 2025 are expected to be in the range of USD1.09 to USD1.21 per share which is 153% to 181% higher than the EPS reported for H1 2024 of USD0.43 per share.
Normalised earnings* per share for H1 2025 are expected to be in the range of USD1.06 to USD1.18 per share which is 165% to 195% higher than the normalised earnings reported for H1 2024 of USD0.40 per share.
The increase in headline, basic and normalised earnings expected in H1 2025 is primarily driven by higher gold volumes sold in conjunction with higher gold prices received compared to H1 2024. The earnings were partially offset by increased cost of sales due to general mining inflation and higher volumes mined.
Gold volumes sold are expected to increase further in the second half of 2025 (H2 2025) with the continued ramp-up at Salares Norte and planned higher H2 2025 production at the Gruyere, St Ives and Tarkwa mines.
Further detail will be provided as part of the H1 2025 financial and operational results to be released by Gold Fields on Friday, 22 August 2025.
* Normalised earnings are defined as profit excluding gains and losses on foreign exchange, financial instruments and non-recurring items after taxation and non- controlling interest effect.
Q2 2025 operational performance
Q2 2025 Group attributable gold equivalent production is expected to be 585koz (Q1 2025: 551koz), with all-in costs (AIC) of USD2,054/oz (Q1 2025: USD1,861/oz). All- in sustaining cost (AISC) for Q2 2025 is expected to be USD1,739/oz (Q1 2025: USD1,625/oz). AIC and AISC were impacted by elevated waste stripping at Tarkwa and timing of gold sales, with 45koz of gold produced only being sold after the end of period.
Salares Norte has continued to make progress with its ramp up and the processing plant has operated successfully throughout the winter period to date. Salares Norte produced 73koz-eq in Q2 2025, a 46% increase from the 50koz-eq produced in Q1 2025. The mine remains on track to reach commercial levels of production in Q3 2025 and steady state levels of production in Q4 2025.
Tarkwa's gold production was lower in Q2 2025 as ore feed was supplemented with low- grade stockpiles as the mine prioritized waste stripping during the quarter. Tarkwa's production is expected to increase during H2 2025.
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Gold Fields Ltd. - DEALINGS IN SECURITIES – ACCEPT
A director has dealt in shares of the company.
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Gold Fields - appointment of directors
The Board of Directors of Gold Fields announced the appointments of John MacKenzie and Michael Rawlinson as Non-Executive Directors to the Board with effect from 1 August 2025.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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