GFI News & Analysis

Gold Fields (GFI) Q1 Production Up 15% to 633,000 Ounces

Gold Fields Limited (GFI) reported a 15% increase in Q1 gold-equivalent production year over year, totaling 633,000 ounces, supported by the Salares Norte project. Despite a 13% rise in all-in sustaining costs to $1,829 per ounce and a 10% increase in all-in costs to $2,046 per ounce, the company maintained its full-year production and cost guidance. Net debt was reduced to $1.3 billion, and $100 million was allocated for share buybacks. Operational disruptions are classified as recoverable, and key projects like Windfall remain on track, with potential delays noted only if permitting issues arise.