Research analysts who have asked questions during GOLD FIELDS earnings calls.
Chris Nicholson
Morgan Stanley
5 questions for GFI
Also covers: SBSW, SSL
AH
Adrian Hammond
SBG Securities
4 questions for GFI
Also covers: AU, HMY, SBSW +1 more
JW
Joshua Wolfson
RBC Capital Markets
3 questions for GFI
Also covers: AEM, AU, CDE +8 more
TJ
Tanya Jakusconek
Scotiabank
3 questions for GFI
Also covers: AEM, AU, BVN +11 more
C
Cornelius
Robeco
2 questions for GFI
DE
Deleke Edeleke
Marotodi Capital Markets
2 questions for GFI
LG
Luca Grassadonia
VSME Report
2 questions for GFI
RH
René Hochreiter
NOAH Capital
2 questions for GFI
Also covers: AU, HMY
GM
Gatheco Matonsi
Retail Investor
1 question for GFI
PJ
Patrick Jones
Retail Investor
1 question for GFI
Also covers: AU
PC
Peter Cromridge
Retail Investor
1 question for GFI
Reinhardt van der Walt
Bank of America Merrill Lynch
1 question for GFI
Also covers: MT, SW
Rv
Reinhart van der Walt
Bank of America
1 question for GFI
TM
Tom Middleton
Retail Investor
1 question for GFI
Recent press releases and 8-K filings for GFI.
Gold Fields Reports Strong FY 2025 Financial and Operational Results
GFI
Earnings
Dividends
Share Buyback
- Profit attributable to owners of the parent for the year ended December 2025 increased to US$3,567.4 million (US$3.99 per share), up from US$1,245.0 million (US$1.39 per share) in 2024.
- The company announced a total dividend of 2550 SA cents per share (gross) for FY 2025, along with US$353 million in additional returns (US$253 million in special dividends and US$100 million in share buybacks), resulting in a total distribution of US$1.7 billion to shareholders.
- Group attributable gold-equivalent production increased by 18% to 2,438koz in 2025, with Salares Norte reaching commercial production in Q3 2025 and exceeding its guidance.
- Adjusted free cash flow significantly rose to US$2,970 million in FY 2025 from US$605 million in FY 2024, and net debt decreased by 31% to US$1,442 million by year-end 2025, improving the net debt to adjusted EBITDA ratio to 0.26x.
- Group gold Reserves increased by 9% to 48.3 Moz in 2025, driven by higher gold price assumptions and improved asset quality.
8 days ago
Gold Fields Reports Strong 2025 Results, Increased Shareholder Returns, and Provides 2026 Guidance
GFI
Earnings
Dividends
Share Buyback
- Gold Fields delivered a strong operating and financial performance for 2025, with attributable production up 18% year-on-year to 2.44 million ounces and adjusted free cash flow just under $3 billion, marking a 391% increase from the previous year.
- Shareholder returns were significantly increased, including a record base dividend of ZAR 25.50 per share, a special dividend of ZAR 4.50 per share, and a $100 million share buyback program. Total shareholder returns for the year reached ZAR 31.85 per share, equating to an upper quartile yield of over 6%.
- Key strategic advancements in 2025 included the acquisition of Gold Road Resources to fully consolidate Gruyere, and progressing the Windfall project towards a mid-2026 Final Investment Decision (FID). The Salares Norte project also achieved commercial production in Q3 2025.
- The company provided 2026 guidance, targeting production between 2.4-2.6 million ounces, total capital between $1.9-$2.1 billion, all-in sustaining costs between $1,800-$2,000, and all-in costs between $2,275-$2,300.
Feb 19, 2026, 1:00 PM
Gold Fields Reports Strong FY 2025 Results, Boosts Shareholder Returns, and Advances Key Projects
GFI
Earnings
Dividends
Share Buyback
- Gold Fields reported a strong operating and financial performance for FY 2025, with attributable production up 18% year-on-year to 2.44 million ounces, headline earnings increasing 170% to $2.6 billion, and adjusted free cash flow rising 391% to just under $3 billion.
- The company announced significant returns to shareholders, including a record base dividend of ZAR 25.50 per share, a special dividend of ZAR 4.50 per share, and a $100 million share buyback program, totaling ZAR 31.85 per share in shareholder returns.
- Strategic advancements in 2025 included the completion of the Gold Road Resources acquisition to consolidate 100% of Gruyere, the progression of Windfall towards a mid-2026 Final Investment Decision, and Salares Norte achieving commercial production in Q3 and steady state in Q4.
- For 2026, Salares Norte is guided to produce 525,000 to 550,000 ounces of gold equivalent with an all-in sustaining cost of $450 to $600 per ounce, and significant capital expenditure increases are anticipated in the Australian region, potentially exceeding $1 billion.
Feb 19, 2026, 1:00 PM
Gold Fields Reports Strong 2025 Results, Announces Significant Shareholder Returns, and Provides 2026 Guidance
GFI
Earnings
Dividends
Share Buyback
- Gold Fields reported a 170% year-on-year increase in headline earnings to $2.6 billion and a 391% increase in adjusted free cash flow to just under $3 billion for 2025, driven by an 18% rise in attributable production to 2.44 million ounces.
- The company declared a record full-year base dividend of ZAR 25.50 per share, a special dividend of ZAR 4.50 per share, and announced a $100 million share buyback program, resulting in total shareholder returns of ZAR 31.85 per share for 2025.
- Gold Fields completed the acquisition of Gold Road Resources to consolidate 100% of Gruyere and is advancing the Windfall project towards a mid-2026 Final Investment Decision (FID), with first gold expected in 2029. The company also increased reserves by 9% through brownfield exploration and invested in greenfield exploration.
- For 2026, production is targeted between 2.4-2.6 million ounces, with all-in sustaining costs between $1,800-$2,000. A new Ghanaian royalty bill, expected to pass in March 2026, could increase unit costs by $350 per ounce for Tarkwa beyond April 2027, due to an additional 5% royalty payment.
Feb 19, 2026, 1:00 PM
Gold Fields to Host Capital Markets Day, Announce Revised Dividend Policy and Additional Shareholder Returns
GFI
Dividends
Share Buyback
Guidance Update
- Gold Fields Limited is hosting its inaugural Capital Markets Day on November 12, 2025, to provide a five-year outlook on production, costs, and capital expenditure, and an update on the Windfall Project.
- The company's Board of Directors has approved a revised dividend policy, targeting a base dividend of 35% of free cash flow before discretionary growth investments, with a minimum dividend of US$0.50 per share annually.
- Gold Fields expects to provide additional shareholder returns of up to US$500 million over the next two years, which will be delivered through share buybacks and/or special dividends.
Nov 12, 2025, 6:02 PM
Gold Fields Outlines Five-Year Growth Plan and Updated Capital Allocation Strategy
GFI
Guidance Update
New Projects/Investments
Dividends
- Gold Fields presented a five-year outlook, projecting a production growth profile to reach the 2.5-3 million ounce range by the end of the decade, with a clear pathway to the upper part of 3 million ounces.
- The company plans significant capital allocation, including $2 billion in discretionary investments over the next five years for future growth and life extension, and $1.7 billion - $1.9 billion for the Windfall project.
- An updated base dividend policy targets a payout ratio of 35% of free cash flow before growth investments, with a minimum of $0.50 per share per annum. Gold Fields also proposes up to $500 million in additional shareholder returns over two years, through buybacks or special dividends, to be declared in February 2026.
- The company forecasts generating approximately $20 billion of cash flow from operations over the next five years at consensus gold prices and expects to achieve a net cash position by the end of 2026.
Nov 12, 2025, 1:00 PM
Gold Fields Limited Reports Strong Q3 2025 Operational Performance and Reaffirms Full-Year Guidance
GFI
Earnings
Guidance Update
M&A
- Gold Fields Limited reported a 6% increase in attributable production to 621koz for the quarter ended September 30, 2025, with All-in sustaining costs (AISC) 10% lower at US$1,557/oz and All-in costs (AIC) 11% lower at US$1,835/oz quarter-on-quarter.
- The company's net debt significantly decreased by US$696 million during the quarter to US$791 million at the end of September 2025, resulting in a net debt to EBITDA ratio of 0.17x.
- Gold Fields completed the acquisition of Gold Road Resources post quarter-end for US$1.45 billion (net of cash received and disposals), consolidating full ownership of the Gruyere mine.
- Full-year 2025 guidance remains unchanged, with attributable gold-equivalent production expected at the upper end of 2.250Moz - 2.450Moz, and AISC between US$1,500/oz - US$1,650/oz.
- The company revised its Mineral Resources and Mineral Reserves gold prices upwards and reported an approximate 70% increase in attributable Reserves for Tarkwa to 6.6 million ounces.
Nov 7, 2025, 5:25 PM
Gold Fields Reports Strong Q3 2025 Operating Update and Increased Tarkwa Reserves
GFI
Earnings
Guidance Update
New Projects/Investments
- Gold Fields delivered a solid Q3 2025 operating performance, with attributable production increasing 6% quarter-on-quarter and 22% year-on-year. All-in costs decreased 11% quarter-on-quarter, and all-in sustaining costs decreased 10% quarter-on-quarter.
- The company remains on track to deliver its full-year 2025 guidance, anticipating production in the upper half of guidance and costs well within guidance.
- Tarkwa's gold reserve increased significantly from 4.3 million ounces to 7.4 million ounces, and mineral resources rose to 11.2 million ounces, supported by increased planning price assumptions and operational adjustments.
- Salares Norte achieved commercial production on September 1, 2025, and is expected to reach steady-state levels by year-end.
Nov 5, 2025, 6:00 AM
Gold Fields Completes Gold Road Acquisition Conditions and Northern Star Share Sale
GFI
M&A
New Projects/Investments
Takeover Bid
- Gold Fields Limited announced the completion of all conditions precedent for its acquisition of 100% of Gold Road Resources Limited, with the scheme becoming effective on September 26, 2025.
- The acquisition values Gold Road's equity at approximately A$3.3 billion (excluding the special dividend) and will see Gold Road shareholders receive a total Scheme Consideration of A$3.06423 per Gold Road share.
- Gold Fields successfully monetized the Northern Star shares acquired through the transaction, generating A$1.1 billion in proceeds from a block trade at A$22.05 per share to repay acquisition financing.
- The scheme is anticipated to be implemented, and payments made to eligible Gold Road shareholders, on October 14, 2025.
Sep 26, 2025, 10:48 AM
Quarterly earnings call transcripts for GOLD FIELDS.
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