Gold Fields says profit almost tripled on bullion price rally

Bloomberg News | February 6, 2026 | 9:16 am Top Companies Africa Gold

Gold Fields sees 2020 earnings jump thanks to gold price

The South Deep mine, Gold Fields’ only asset in South Africa. (Image courtesy of Gold Fields)

Gold Fields Ltd. said profit last year likely almost tripled as the miner benefited from bullion’s record-breaking rally.

The Johannesburg-listed company said on Friday that its 2025 earnings are expected to be between $3.87 and $4.11 a share, an increase of 178% to 196% compared with the previous year.

That “reflects a combination of materially higher gold prices” and “increased volumes of gold sold,” the firm said in a trading statement.

Gold soared almost 65% last year as geopolitical upheaval drove investors toward the haven asset. Bullion continued to climb this year, hitting an all-time high of almost $5,600 on Jan. 29, before paring those gains.

Gold Fields – which mines the precious metal in Australia, Chile, Ghana, Peru and South Africa – said it produced 2.4 million ounces of gold last year, 18% more than in 2024. The company will announce its full annual results later this month.

(By William Clowes)