Gold Fields Q1 Earnings Call Highlights

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MarketBeat

Sun, May 10, 2026 astatine 10:11 AM CDT 8 min read

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Gold Fields said it had a “solid start” to 2026 and remains connected way to conscionable full-year accumulation and outgo guidance, contempt disruptions astatine respective mines and higher input costs. Q1 gold-equivalent accumulation roseate 15% twelvemonth implicit twelvemonth to 633,000 ounces, helped by Salares Norte.
Costs accrued successful the quarter, with all-in sustaining costs up 13% to $1,829 per ounce, but absorption inactive expects to deed guidance. The institution besides generated beardown currency flow, chopped nett indebtedness to $1.3 billion, and allocated $100 million to stock buybacks.
Operational issues astatine Gruyere, Agnew, and Tarkwa were described arsenic recoverable, portion large portfolio items stay connected track, including the Windfall task and the Tarkwa lease extension talks successful Ghana. Fraser said Windfall could look a hold if permits gaffe beyond July, but the base-case docket inactive appears likely.

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Gold Fields (NYSE:GFI) reported a “solid start” to 2026, with Chief Executive Officer Mike Fraser saying the miner remains connected way to conscionable its full-year accumulation and outgo guidance contempt operational disruptions astatine respective mines and rising input-cost pressures.

On the company’s Q1 2026 operating update call, Fraser said gold-equivalent accumulation roseate 15% from the prior-year 4th to 633,000 ounces, supported by a beardown publication from Salares Norte. Output was 7% little than successful the 4th fourth of 2025, which Fraser said reflected a planned stronger decorativeness to past year.

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“At a portfolio level, we’re surely comfy that we’re well-placed to present connected our marketplace guidance for the full-year,” Fraser said.

The institution besides reported nary fatalities oregon superior injuries during the quarter. Fraser said Gold Fields continues to absorption connected enactment capability, hazard and information systems, and collaboration with concern partners arsenic portion of its information betterment program.

Costs Rise, but Guidance Maintained

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Chief Financial Officer Alex Dall said costs were nether unit successful the quarter. All-in sustaining costs roseate 13% twelvemonth implicit twelvemonth to $1,829 per ounce, portion all-in costs accrued 10% to $2,046 per ounce.

Dall attributed the summation chiefly to outer factors, including higher royalties linked to the golden price, a stronger Australian dollar and rand erstwhile translated into U.S. dollars, and ostentation crossed cardinal inputs.

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