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Gold Fields posts 81% jump in half-year profit, boosts dividend

by Nishat
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JOHANNESBURG, Aug 25 (Reuters) – South Africa’s Gold Fields (GFIJ.J),​said on Tuesday its half-year profit ‌rose 81%, driven by higher gold prices, output and sales.The Johannesburg-based miner reported headline ​earnings per share of $2.08 for ​the six months to June 30, ⁠up from $1.15 a year earlier.Gold Fields ​said it would pay a dividend ​of 16.25 rand ($1.01) per share, an increase of 133% on last year’s interim payout.Gold prices ​have been supported by safe-haven buying ​and expectations of U.S. interest rate cuts. Gains ‌were ⁠capped, however, by a stronger dollar and concerns that higher oil prices linked to the Middle East conflict ​could fuel ​inflation.Gold Fields’ ⁠gold output was 12% higher at 1.267 million ounces ​during the first half of ​2026, ⁠compared with the prior period. It maintained its full-year gold production guidance of ⁠2.4 ​to 2.6 million ounces.

($1 = ​16.0186 rand)

Reporting by Olivia Kumwenda-Mtambo and Nelson Banya; ​Editing by Thomas Derpinghaus and Subhranshu Sahu

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