Gold Fields says profit almost tripled on bullion price rally
me-metals: Gold Fields Ltd. said profit last year likely almost tripled as the miner benefited from bullion’s record-breaking rally.
According to me-metals cited by mining.com, The Johannesburg-listed company said on Friday that its 2025 earnings are expected to be between $3.87 and $4.11 a share, an increase of 178% to 196% compared with the previous year.
That “reflects a combination of materially higher gold prices” and “increased volumes of gold sold,” the firm said in a trading statement.
Gold soared almost 65% last year as geopolitical upheaval drove investors toward the haven asset. Bullion continued to climb this year, hitting an all-time high of almost $5,600 on Jan. 29, before paring those gains.
Gold Fields – which mines the precious metal in Australia, Chile, Ghana, Peru and South Africa – said it produced 2.4 million ounces of gold last year, 18% more than in 2024. The company will announce its full annual results later this month.
source: mining.com
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