Gold Fields Forecasts Total Gold Production of 2.4 Million Ounces for 2025
Gold mining giant, Gold Fields, for the 2025 operational year, expects to produce between 2.25 million and 2.45 million ounces of gold.
Gold Fields’ production volumes have shown notable improvement this year. The company recorded a 24% increase in gold output to 1.136 million ounces in the first half of 2025, up from 918,000 ounces in the prior-year period.
The improved output was largely driven by a ramp-up in operations at its Salaries Norte mine in Chile, which posted a 46% surge in production following a smoother operational season, in contrast to last year’s weather-related disruptions.
In view of the increased gold production and record prices, Gold Fields expects its profit for the first half of 2025 to surge by as much as 236% year-on-year.
The miner anticipates headline earnings per share (HEPS) — South Africa’s main profit measure — to range between $1.09 and $1.21 for the six months ending June 30, significantly higher than the $0.36 reported in the corresponding period last year.
The bullish forecast comes on the back of strong market fundamentals. The spot price of gold has appreciated by more than 30% year-on-year, hitting a peak of $3,500 per ounce in April before moderating to $3,356.91 per ounce currently.
Analysts attribute the sustained strength in gold prices to increased investment demand, underpinned by U.S. economic resilience, tariff-related inflation concerns, and aggressive central bank gold purchases.
