SA miners head for best month on record

Gold Fields (GFI) reported a 12% increase in production and a doubling of adjusted free cash flow to $2.225 billion for the first half of 2026, driven by higher gold prices and improved mine performance. The company raised its full-year guidance for Salares Norte and increased shareholder returns through dividends and buybacks. However, costs rose and uncertainties remain around lease renewals and permitting for some projects.

Gold Fields Ltd (GFI) reported a 12% increase in attributable production to 1.267 million ounces, driven by strong performance at Salares Norte and Granny Smith. Adjusted free cash flow more than doubled to $2.225 billion, resulting in a free cash flow yield of 11%. The company returned $1.4 billion to shareholders, including a 132% increase in the interim dividend and a $500 million top-up to its share buyback program. However, all-in sustaining costs increased 13% to $1,893 per ounce, and the

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain

GOLD FIELDS LTD (GFI) furnished an SEC Form 6-K — earnings release. Gold Fields Limited (Incorporated in the Republic of South Africa) (Registration Number 1968/004880/06) JSE, NYSE, DIFX Share Code: GFI ISIN: ZAE000018123 ("Gold Fields" or "the Group") FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026, INTERIM DIVIDEND DECLARATION, ADDITIO

Gold Fields (GFI) reported Q2 2026 earnings with 12% YoY production growth to 1.267M ounces, driven by Salares Norte and Granny Smith. Adjusted free cash flow doubled to $2.225B due to higher gold prices and sales volumes. AISC rose 13% to $1,893/oz. The company declared a 132% higher interim dividend and announced $300M in share buybacks. Risks include Tarkwa lease negotiations and Windfall project delays.

Gold Fields reported an 81% increase in half-year profit, with production rising 12% to 1.27 million ounces. The company's interim dividend increased from R7 to R16.25 per share. However, the renewal of its Tarkwa mine lease in Ghana is uncertain, which produced 192,000 ounces in H1 2026, about 15% of group production.