South Africa’s Gold Fields raised its interim dividends on Friday as first-half profit more than tripled from a year earlier, mainly driven by higher bullion prices and increased output.
Gold Fields’ headline earnings rose to US$1.027 billion in the six months to 30th June, compared with US$320.7 million in the same period last year.
The company declared an interim dividend of R7 (US$0.3948) per share, up from R3 per share in the first half of 2024.
The Johannesburg-based miner’s gold production rose 24% to 1.136 million ounces in the first half. This, along with a record price rally for bullion, drove Gold Fields’ income higher.
Gold Fields said its production benefited from operational improvements at Salares Norte in Chile, South Deep in South Africa, Cerro Corona in Peru and Gruyere in Australia, where output last year was impacted by bad weather and geological challenges.
