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Gold Fields ( (GFI) ) has provided an announcement.
Gold Fields Limited announced its operational performance update for the fiscal year 2024, revealing that the company met its revised production and cost guidance. The company reported attributable gold equivalent production for the year at 2,071koz, which aligns with the guidance range. An increase in all-in-costs (AIC) and all-in-sustaining costs (AISC) was noted, largely due to lower gold sales and inflationary pressures. For the fourth quarter of 2024, production increased by 26% compared to the previous quarter. Headline earnings per share for the year rose significantly, attributed to higher gold prices, with basic earnings per share also showing a substantial increase due to higher revenue and lower asset impairments.
More about Gold Fields
Gold Fields Limited is a globally diversified gold producer with operations primarily in South Africa. The company focuses on gold mining and has a presence on several major stock exchanges including the JSE, NYSE, and DIFX under the share code GFI.
YTD Price Performance: 28.45%
Average Trading Volume: 2,578,843
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $16.45B
For a thorough assessment of GFI stock, go to TipRanks’ Stock Analysis page.
