Gold Fields reports strong interim performance, but Ghana lease renewal causes consternation

Miner Gold Fields achieved a strong performance for the six months ended June 30, with sales volumes having increased by 18% year-on-year to 1.27-million ounces of gold, supported by a higher average realised gold price of $4 678/oz, which resulted in adjusted free cash flow more than doubling to $2.23-billion from $925-million in the first half of 2025. “This gave us the platform to strengthen our balance sheet further, continue investing in the long-term growth and resilience of our business, while delivering upper-quartile shareholder returns,” CEO Mike Fraser says.