JOHANNESBERG, Feb 20 – South Africa’s Gold Fields reported a sharp rise in full year profit, supported by higher gold prices and increased production, the company said.
Headline earnings per share rose to 2.88 dollars, up from 1.33 dollars a year earlier, according to company results with the miner increasing production by 18 percent to 2.438 million ounces over the period.
Gold prices climbed about 60 percent in 2025 and gained a further 15 percent this year, supported by geopolitical risks, expectations of lower United States interest rates, and continued central bank buying,
The company declared a final dividend of 18.50 rand per share, up from 7 rand previously. This brought total annual dividends to 25.50 rand per share, compared with 10 rand in 2024.
Gold Fields also announced additional shareholder returns of $353 million. This includes 253 million dollars in special dividends and 100 million dollars allocated to share buybacks.
Chief Executive Officer, Mike Fraser said the company is in discussions with the Ghana government over a proposal to increase gold royalty rates. He said talks have been constructive.
The company operates across several regions, including South Africa, Australia, Chile, and Peru. Its Tarkwa mine in Ghana was the largest contributor to output in 2025.
Tarkwa produced about 475,000 ounces of gold, representing roughly one fifth of the company’s total production for the year, based on company data.
