Gold Fields Earnings Reports

Gold Fields delivered a robust Q2 2025 with increased gold production and sales, aided by the ramp-up at Salares Norte and strong market pricing. Profitability improved significantly, and free cash flow turned positive following a negative result in Q1.

Gold Fields delivered a stable Q1 2025 with a strong rebound in production and revenues compared to Q1 2024. Higher gold prices and ramp-up at Salares Norte contributed to improved operational performance. Free cash flow turned positive, and the company maintained its annual guidance.

Gold Fields capped off 2024 with a robust Q4, marked by record-high gold production, increased revenue, and a strong balance sheet. The performance was driven by improved operations across key assets, especially Salares Norte and St Ives.

Gold Fields delivered a strong Q3 2024, marked by increased gold-equivalent production and improved financial performance. The company benefited from higher throughput and steady gold pricing, while maintaining cost discipline and progressing with key project developments.

Gold Fields bounced back in Q2 2024, achieving higher production, improved cost performance, and better margins. The recovery was driven by improved operational stability and progress at key sites such as Salares Norte and St Ives.

Gold Fields had a weak start to 2024 with a drop in production volumes and higher costs. Adverse weather, mainly in Australia and Chile, as well as commissioning delays at Salares Norte, negatively impacted performance. Despite lower earnings, the company maintained its annual guidance.

In Q4 2023, Gold Fields delivered strong gold production of 608,000 ounces, up from Q3. All-in sustaining costs increased slightly to $1,372/oz, and AIC rose to $1,632/oz. Adjusted free cash flow totaled $367M. Net income attributable to shareholders reached $703M for the year, with Q4 EPS at $0.79 and normalised EPS at $1.01. Net debt ended the year at $1.024B, down from $1.141B in Q3.

Gold Fields reported lower production and higher costs in Q3 2023. Gold production declined to 542,000 ounces, while AISC rose significantly to $1,381/oz and AIC to $1,622/oz. Net debt increased due to dividend payments and pre-production capital spending. The company reaffirmed full-year guidance despite the quarter’s challenges.

In Q2 2023, Gold Fields reported attributable gold production of 577,000 ounces, flat from the prior quarter. AISC increased to $1,274/oz and AIC rose to $1,525/oz, driven by inflationary pressures and project-related spending. Net debt increased to $1.193 billion, with a higher net debt/EBITDA ratio of 0.50x. Despite these cost pressures, the company reaffirmed its FY guidance.

In Q1 2023, Gold Fields posted attributable gold production of 577,000 ounces, flat QoQ, but earnings declined due to increased costs and inflationary pressures. AISC rose to $1,297/oz, and AIC climbed to $1,561/oz. Net debt increased to $875 million, but guidance for FY23 was reaffirmed, supported by stable operational output and progress on projects like Salares Norte.