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Gold Fields Ltd The Salares Norte Project Is Advancing Well - Seeking Alpha

Tuesday, 27 April 2021

On Feb. 18, 2021, Johannesburg-based Gold Fields Ltd. (NYSE:GFI) released its 2020 results ending on Dec. 31, 2020.

Also, Gold Fields reported its Integrated Annual Report 2020 (IAR) on March 31, 2021. The IAR contains the CEO Report of Gold Fields' outgoing Chief Executive Officer Nick Holland, retiring from the Company. As has been announced, Chris Griffith took over from Nick Holland as CEO on April 1, 2021.

The South African gold miner had an exceptional year in 2020. Gold production for the last quarter of 2020 reached a record of 593K Au Oz at an impressive AISC of $971 per ounce. 2020 Revenues reached a record of $3.9 billion, up 31.2% compared to 2019.

However, on a one-year basis, GFI has had a modest run-up compared to Sibanye Stillwater (NYSE:SBSW) due to the nature of the metals produced.

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