Loading...
•
Mar 31, 2025
Gold Fields Q1 2025 Earnings Report
Gold Fields reported normalized production and strong financial recovery in Q1 2025 following weather-related disruptions in the prior year.
Key Takeaways
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-equivalent production increased to 551,000 oz, up from 464,000 oz in Q1 2024.
Revenue rose significantly, driven by a higher realized gold price of $2,900/oz.
Net income totaled $514 million for the quarter.
Salares Norte produced 50,000 oz as part of its ongoing ramp-up.
Revenue by Geographic Location
Forward Guidance
Gold Fields reiterated its FY2025 guidance with production and cost targets unchanged. Focus remains on safety, cost control, and the ramp-up of Salares Norte.
Positive Outlook
- FY2025 production guidance maintained at 2.25Moz–2.45Moz.
- AISC guidance held at $1,500–$1,650/oz.
- Commercial production at Salares Norte expected in Q3.
- Net debt reduced sequentially, improving balance sheet strength.
- Strong cash flow performance supported ongoing capital priorities.
Challenges Ahead
- Lower production volumes compared to a strong Q4 2024.
- Higher unit costs due to seasonal downtime and grade variability.
- Capex remains elevated with Salares Norte ramp-up ongoing.
- Operating challenges still evident at certain legacy assets.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...