A gold mining company based in Johannesburg, South Africa, that mines gold at sites in South Africa, Ghana, Peru, and Australia, selling gold doré bars and copper. Its roots trace to 1887, when Cecil Rhodes and Charles Rudd founded Gold Fields of South Africa to work the Witwatersrand gold fields; the modern company formed in 1998 when those assets merged with Gencor. Fun fact: Rhodes was initially skeptical of the Witwatersrand gold, and Rudd had to persuade him the region was just the start.
Gold Fields H1 2026 profit up 81% to US$1.85bn; interim dividend raised 132%
Profit attributable to owners for H1 2026 was US$1,854.6 million (US$2.07 per share), up 81% from US$1,026.7 million (US$1.15 per share) in H1 2025.
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Interim dividend of 1,625 SA cents per share declared, payable 14 September 2026, up from 700 SA cents in H1 2025.
Additional shareholder returns programme increased to US$1.25 billion, with US$300 million in share buy-backs completed and a further US$500 million allocated.
Attributable gold-equivalent production rose 12% to 1.267Moz, with Salares Norte up 173% to 337koz.
Net debt to adjusted EBITDA improved to 0.06x from 0.37x a year earlier; adjusted free cash flow more than doubled to US$2,225 million.
Andiswa Ndoni appointed Interim Company Secretary effective 1 September 2026, succeeding Anré Weststrate.
Gold Fields clarifies Tarkwa mining lease renewal talks with Ghana government
Gold Fields Ghana Limited, a 90%-owned subsidiary, submitted an early application in November 2025 for five Tarkwa mining leases due for renewal in April 2027.
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Discussions with the Government of Ghana are ongoing and now focus on the terms of the lease renewals; outcome, timing, and terms remain subject to these engagements.
The early application was consistent with an agreement reached with the Government of Ghana in April 2025.
Gold Fields reaffirms its commitment to the Tarkwa mine and its continued operation in Ghana, citing its operational experience and investment capacity.
The company will provide further updates on the lease renewals if there are material developments.
Gold Fields Q1 2026 production up 15% YoY, net debt down 34% to US$1,304m
Group attributable gold-equivalent production was 633koz in Q1 2026, up 15% YoY from 551koz in Q1 2025, but down 7% QoQ from 681koz in Q4 2025.
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All-in sustaining costs (AISC) rose 13% YoY to US$1,829/oz, and all-in costs (AIC) rose 10% YoY to US$2,046/oz, driven by higher royalties, stronger producer currencies, and inflationary pressures.
Net debt decreased 34% YoY to US$1,304m as of 31 March 2026, after paying a final dividend of US$1,234m on 16 March 2026; net debt to adjusted EBITDA was 0.19x.
Salares Norte delivered 173koz gold-equivalent, up 245% YoY, while Gruyere, Agnew, and Tarkwa faced operational challenges with production down 25%, 31%, and 25% YoY respectively.
2026 guidance unchanged: attributable gold-equivalent production of 2.40-2.60Moz, AISC of US$1,800-2,000/oz, AIC of US$2,075-2,300/oz, and total capex of US$1,900-2,100m.
The Damang mine was formally transferred to the government of Ghana on 18 April 2026, and a US$100m share buyback programme was announced in February 2026 but limited due to market volatility from the US-Iran war.
Gold Fields publishes 2025 B-BBEE annual compliance report and certificate
Gold Fields Limited announced the availability of its 2025 Annual Compliance Reports under section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act, No 46 of 2013.
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The 2025 B-BBEE Certificate has also been published.
Both documents are available on the Gold Fields website at https://www.goldfields.com/sustainability-reporting.php.
The announcement was made on 31 March 2026, in accordance with JSE Listings Requirements paragraph 12.7(g).
The sponsor is J.P. Morgan Equities South Africa (Pty) Ltd.