Gold miner Gold Fields (GFI) saw its first-half production increase by 12% to 1.267 million ounces, with adjusted free cash flow doubling to $2.225 billion.
Gold Fields announced its first-half results for the period ended June 30, 2026, with attributable production increasing by 12% year-on-year to 1.267 million ounces, and adjusted free cash flow doubling to $2.225 billion, driven by a 51% increase in the average realized gold price to $4,678 per ounce. The company also raised its full-year production guidance for the Salares Norte mine to 550,000 to 600,000 gold equivalent ounces. Additionally, the company announced an additional $500 million for its shareholder return program, bringing total distributions since November 2025 to $1.25 billion. However, environmental approval delays for the Windfall project may push its timeline to late 2029 or beyond, and there is uncertainty regarding the renewal of the Tarkwa lease.
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