Gold Fields (GFI) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
4 Aug, 2026Portfolio overview and performance
Operates eight mines and one project across six countries, with 2025 attributable production of 2,438koz gold equivalent and an all-in cost of $1,927/oz.
Australia is the largest contributor, accounting for 44% of production, followed by Ghana (21%), Chile (16%), South Africa (12%), and Peru (7%).
Adjusted free cash flow from operations reached $3,164m, with significant contributions from Australia ($1,804m), Chile ($808m), and Ghana ($568m).
Exploration interests span Canada, Australia, Chile, and Peru, supporting future growth.
Strategic direction and aspirations
Focused on safe, reliable, and cost-effective operations, with a strong emphasis on sustainability and community impact.
Aims to grow production to 2.5–3.0 Moz annually, supported by a five-year roadmap and a 6.5% production CAGR from 2024 to 2030.
Portfolio optimization and reserve growth underpin sustained production into the 2040s.
Integrated culture and operating model enhancements are designed to elevate performance and shareholder value.
Growth projects and exploration
Windfall project in Canada is a scalable, multi-decade asset targeting first gold in H1 2029, with steady-state AISC around $1,000/oz.
Acquisition of Gold Road Resources consolidates 100% of Gruyere and expands the Australian land package.
$129m spent on brownfields exploration and $101m on greenfields in 2025, with a 9% increase in reserves.
Over 20 global exploration projects, with a disciplined annual funding of ~$50m to fast-track high-potential opportunities.
Latest events from Gold Fields
- Earnings and cash flow surged in H1 2026, with production and guidance at the upper end.GFI
H1 2026 TU - Disciplined growth, record free cash flow, and reserve expansion drive long-term value.GFI
Investor presentation - Production up 15% YoY, costs rise, net debt down 34%, guidance reaffirmed.GFI
Q1 2026 - Record production and cash flow drove strong shareholder returns despite rising costs.GFI
H2 2025 - Five-year plan targets 2.5–3.0 Moz, margin growth, and top-tier returns via disciplined investment.GFI
CMD 2025 - Q1 2025 gold output up 19% YoY, AISC down 7%, net debt reduced, major acquisition closed.GFI
Q1 2025 - Production up 12% QoQ, costs down, Osisko acquired, and Salares Norte ramp-up on track.GFI
Q3 2024 - Production fell 20% in H1, profit dropped, costs surged, but H2 is set to rebound.GFI
H1 2024 - Normalised profit surged 36% and dividend rose 34% as H2 2024 rebounded, setting up 2025 growth.GFI
H2 2024