Gold Fields remains a "Buy" despite a 35% decline and gold's 25% drawdown, with shares now in value territory. GFI's Q1 production rose 15% YoY to 633,000 ounces, but all-in sustaining costs increased 13% to $1,829/oz due to inflation and currency pressures. I lower my price target to $48, assuming $4 normalized EPS and a 12x P/E, reflecting lower gold prices and higher forward oil and interest rates.
Gold Fields NYSE: GFI reported a “solid start” to 2026, with Chief Executive Officer Mike Fraser saying the miner remains on track to meet its full-year production and cost guidance despite operational disruptions at several mines and rising input-cost pressures.
The miner said higher oil prices could hurt its ability to meet cost expectations.
| Metals & Mining Industry | Materials Sector | Michael John Fraser CEO | XMUN Exchange | US38059T1060 ISIN |
| ZA Country | 6,885 Employees | 13 Mar 2026 Last Dividend | 21 Feb 2013 Last Split | - IPO Date |
Gold Fields Limited is a prominent gold producer with a significant presence across multiple continents, including operations and projects in Chile, South Africa, Ghana, Canada, Australia, and Peru. The company's foundation dates back to 1887, establishing it as a long-standing entity in the precious metals mining sector. Headquartered in Sandton, South Africa, Gold Fields Limited has built a reputation for its extensive reserves and resources, demonstrating a commitment to exploration and mining excellence. Alongside gold, the company has diversified its exploration activities to include copper and silver deposits, showcasing its adaptability and forward-thinking approach to mineral exploration and exploitation.
As the primary focus of its operations, Gold Fields Limited specializes in the extraction, processing, and sale of gold. The company’s gold production activities are spread across several countries, each with significant mining operations and facilities designed to ensure sustainable and efficient production processes. This geographical diversity not only mitigates operational risk but also positions Gold Fields as a key player in the global gold market.
In addition to gold, Gold Fields Limited engages in the exploration of copper and silver deposits. These activities represent the company’s strategic efforts to diversify its mineral portfolio. By investing in the exploration of these metals, Gold Fields aims to tap into new market segments and expand its revenue streams beyond gold production. The exploration projects for copper and silver are conducted with the same meticulous attention to environmental and ethical standards as their gold operations.