Gold Fields has reported a strong third quarter as production increased over the period and costs declined.
The company reported 621,000 ounces in attributable gold produced for the quarter ending September 30, compared to 510,000 ounces in the quarter ending September 30, 2024.
All-in sustaining costs also dropped 10 per cent to US$1,557 per ounce from US$1,694 per ounce in the prior-year period.
Gold Fields CEO Mike Fraser said:” Gold Fields delivered another solid performance in the third quarter, maintaining the positive momentum of the first half of the year.”
“We continued to focus on our multi-year safety improvement plan and although we have had five consecutive quarters fatality-free, we had three serious injuries in the quarter, demonstrating the need for continued focus and effort in our safety journey.”
The company sold 683,000 ounces in managed gold for the quarter, up from 525,000 ounces in the third quarter of 2024.
Gold Fields also cut its debt in the quarter as net debt fell year over year to US$791 million from US$1.12 billion.
Meanwhile, the company continued to pursue exploration in Greenfields as part of its growth strategy.
In 2025, Gold Fields is advancing 19 active projects across four continents, testing more than 40 exploration targets.
Exploration in Australia gained momentum in September. The maiden drill rig commenced at Edinburgh Park, while four East Lachlan targets have advanced to drill-ready status.
Gold Fields remains on track to meet its original production and cost guidance provided in February.
Attributable gold-equivalent production is expected to be in the upper end of the guidance range of 2.250 million ounce to 2.45-million-ounce, with all-in sustaining costs between US$1,500 to US$1,650 per ounce.
