Media releaseSTATEMENT BY CHRIS GRIFFITH, CEO
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.
*Cash flow from operating activities less net capital expenditure, environmental payments, lease payments and redemption of Asanko preference shares.
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.