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Gold Fields expects half-year earnings to decline due to lower sales and higher costs

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Gold Fields expects half-year earnings to decline due to lower sales and higher costs

- Gold Fields , one of the world's largest gold producers, announced Wednesday that its attributable gold equivalent production is expected to be 1,154 koz in H1 2023, a 4% decrease from H1 2022 .

Importantly, the company said that headline earnings per share in H1 2023 are expected to range between US$0.49-0.53 per share, which is 9% to 16% lower than the headline earnings of US$0.58 per share reported in H1 2022. Basic earnings per share in H1 2023 are expected to range between US$0.49-0.53 per share, which is 7% to 14% lower than the basic earnings of US$0.57 per share reported for H1 2022.

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