Loading...
•
Jun 30
Gold Fields Q2 2025 Earnings Report
Gold Fields reported higher production and earnings in Q2 2025 driven by improved operational performance and strong gold prices.
Key Takeaways
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.
Net income grew to $514 million, reflecting improved operational efficiency and higher gold prices.
EPS rose to $0.57, supported by a 17% YoY increase in gold sold.
Free cash flow rebounded to $952 million for H1 2025, reversing a negative outflow in Q1.
Salares Norte produced 73,000 gold-equivalent ounces, up 46% QoQ.
Gold Fields
Gold Fields
Gold Fields Revenue by Geographic Location
Revenue by Geographic Location
Global Revenue
CapyFin.com Forward Guidance
Gold Fields reaffirmed FY25 guidance with stable production outlook and ongoing cost control measures.
Positive Outlook
- FY25 production guidance maintained between 2.25Moz–2.45Moz.
- AISC forecast held at $1,500–$1,650/oz.
- Salares Norte expected to achieve commercial production in Q3.
- Improved debt metrics with net debt/EBITDA at 0.37x.
- Strong balance sheet with $1.1B in cash on hand.
Challenges Ahead
- Unit costs remain elevated due to inflation and delayed gold sales.
- Royalties increased by 62% due to higher gold prices.
- Sustaining capex remains high at $503 million for H1.
- Windfall project remains in pre-construction with ongoing permitting.
- Production still ramping at key assets like Salares Norte and Windfall.