GFI Trading Statement Bullish

GOLD FIELDS LIMITED - TRADING STATEMENT AND OPERATIONAL PERFORMANCE UPDATE FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2025

Gold Fields Limited
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What this filing means

Bull case

  • Exceptional earnings growth with HEPS projected to rise between 110% and 123% for FY 2025.
  • Group attributable gold production reached the upper end of guidance at 2,438koz, an 18% year-on-year increase.

Bear case

  • Persistent cost inflation evidenced by Q4 2025 AISC rising to US$1,673/oz from US$1,557/oz in Q3.
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Category
Trading Statement
Published
Feb 6, 2026

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