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Gold Fields Limited has delivered a massive nearly three-fold increase in annual profit, as record bullion prices and a strong ramp-up at its new Salares Norte mine in Chile fuelled a record-breaking financial year.<\/p>\n
For the 12 months ended 31 December 2025, the globally diversified miner reported profit attributable to owners of $3 567.4 million (R57 billion), up from US$1 245.0 million (R20 billion) in the previous year.<\/p>\n
Listen\/read: PIC\u2019s strict requirements for new mining investment fund<\/p>\n
Gold Fields share price<\/strong><\/p>\n A massive payday for shareholders<\/strong><\/p>\n Capitalising on a surge in adjusted free cash flow, which jumped to $2 970 million (R47 billion) from just $605 million (R9.7 billion) in 2024, Gold Fields is returning a total of $1.7 billion (R27 billion) to its investors. This distribution represents 54% of adjusted free cash flow, significantly exceeding the company\u2019s targeted base dividend policy.<\/p>\n ADVERTISEMENT<\/p>\n CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n The payout is structured to provide both immediate yield and long-term value:<\/p>\n Read: Operational resilience and strategic growth<\/strong><\/p>\n The miner\u2019s performance was underpinned by a 18% increase in group attributable gold-equivalent production, which reached 2.438 million ounces. This growth was primarily driven by the successful commissioning of the Salares Norte project, which reached steady-state operations in the fourth quarter, contributing 397 000 ounces for the year, surpassing the company\u2019s upper guidance limit.<\/p>\n Other key assets also showed strength, with the South Deep mine in South Africa increasing production by 16% to 309 000 ounces.<\/p>\n<\/blockquote>\n While all-in sustaining costs (AISC) remained elevated at $1 645\/oz due to industry-wide inflation and higher royalties, the average realised gold price soared to $3 496\/oz, creating a vast margin for cash generation.<\/p>\n ADVERTISEMENT:<\/p>\n CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n Stronger balance sheet<\/strong><\/p>\n Despite the aggressive capital returns, Gold Fields significantly de-leveraged its balance sheet. Net debt was slashed by over $644 million to end the year at $1 442 million. This resulted in a robust net-debt-to-ebitda ratio of 0.26x, down from 0.73x in 2024, providing the company with substantial flexibility for its five-year growth outlook.<\/p>\n Gold Fields CEO Mike Fraser noted that the safety improvement plan also yielded critical results, with no fatalities recorded across any operations in 2025.<\/p>\n<\/blockquote>\n Looking forward, the company is focusing on its \u201cskills revolution\u201d and asset optimisation to maintain a production profile of up to 3.0 million ounces per annum into the next decade.<\/p>\n Read: Follow Moneyweb\u2019s in-depth finance and business news on WhatsApp here.<\/em><\/p>\n<\/p><\/div>\n\n
Gold Fields says profit almost tripled on bullion price rally
PIC\u2019s strict requirements for new mining investment fund<\/p>\n\n
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