The operating environment during H1 2022 was dominated by elevated mining cost inflation driven by rising commodity and fuel prices. Despite these challenges, Gold Fields had a strong H1 2022, with production increasing 9% YoY and all-in costs rising only 6% YoY. As a result of the increased production combined with a 3% higher gold price, the company increased its normalised earnings by 16% YoY and generated strong free cash flow of US$293m.
JOHANNESBURG, 25 August 2022: Gold Fields Limited (NYSE & JSE: GFI) announced profit attributable to owners of the parent for the six months ended 30 June 2022 of US$510m (US$0.57 per share). This compared with profit of US$387m (US$0.44 per share) for the six months ended 30 June 2021.
An interim dividend of 300 SA cents per share (gross) is payable on 19 September 2022.