Backed by a ramped-up production and a 3% higher gold price, Gold Fields (GFI) delivers a 16% rise in its normalized earnings in the first half of 2022.
Gold Fields Limited (NYSE: GFI) (JSE: GFI) announced profit attributable to owners of the parent for the six months to 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 to 30 June 2021. An interim dividend of 300 SA cent per share (gross) is payable on 19 September 2022.
Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) advises that headline earnings per share for the six months ended 30 June 2022 (H1 2022) are expected to range from US$0.56-0.60 per share (US$0.11-0.15 per share higher), which is 24% to 33% higher than the headline earnings of US$0.45 per share reported for the six months ended 30 June 2021 (H1 2021). The increase in headline earnings is driven by higher production and gold price, partially offset by higher costs.