Gold Fields

What Gold Fields does

Gold Fields Limited is a major international gold mining company headquartered in Johannesburg, South Africa, with operating mines and development projects across six countries: South Africa (South Deep), Ghana (Tarkwa, Damang), Australia (St Ives, Agnew, Granny Smith, Gruyere), Peru (Cerro Corona), Canada (Windfall, Phoenix JV), and Chile (Salares Norte). The company engages in the exploration, development, extraction, and processing of gold, with by-product copper concentrate from Cerro Corona. In 2025, Gold Fields produced 2.438 million gold-equivalent ounces, an 18% increase from 2024, and is guiding 2.4-2.6 million ounces for 2026 at all-in sustaining costs of $1,800-$2,000 per ounce.

The company's core technology comprises conventional underground and surface mining methods combined with crushing, milling, and carbon-in-leach (CIL) gold extraction processing. Its newest operation, Salares Norte in Chile, reached steady-state production of 397,000 ounces in 2025 and represents a modern, high-grade asset contributing meaningful free cash flow. Gold Fields differentiates through scale (one of the world's largest gold producers), geographic diversification across multiple jurisdictions, and a lower-half-of-cost-curve AISC position supported by B-BBEE Level 1 compliance in South Africa and UL ECOLOGO exploration certification in Canada.

Gold Fields' business model is straightforward commodity production: gold is sold at prevailing market prices to global refiners and commodity traders through direct offtake and spot market sales. FY2025 revenue of $8.75 billion (up 68% year-on-year) translated into a record net profit of $3.57 billion and adjusted free cash flow of $2.97 billion, with the company returning $1.7 billion to shareholders via dividends and buybacks. The company is publicly traded on the JSE and NYSE under ticker GFI, with a market capitalization exceeding R800 billion. Gold Fields has pursued an active inorganic growth strategy, completing the $1.58 billion Osisko Mining acquisition in October 2024 and the $3.7 billion Gold Road Resources acquisition in 2025, while relinquishing the Damang Mine to the Government of Ghana in April 2026 under local content mandates.

Name

Gold Fields

Legal name

Gold Fields Limited

Website

https://goldfields.com

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Gold Fields Limited is an international gold mining company producing gold and copper from operations across South Africa, Ghana, Australia, Peru, Canada, and Chile, with 2025 production of 2.438 million gold-equivalent ounces and $8.75 billion in revenue sold to global refiners and commodity markets.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Precious Metals Smelting & Refining (IMAKAEAE), Silver Mining (IMAKAEAB)

Keywords

• Gold mining
• Precious metals production
• Mineral extraction
• Copper concentrate
• Gold reserves

Headquarters

HQ city

Gauteng

HQ country

South Africa

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Gold sales: Gold Fields generates primary revenue through the production and sale of gold. The company sold 2.438 million gold equivalent ounces in 2025, generating $8.75 billion in revenue. Gold is sold at prevailing market prices, making the company highly leveraged to gold price movements.
2. Copper sales: Cerro Corona mine in Peru produces copper-gold concentrate, with copper contributing to revenue through commodity sales at market prices.
3. Dividends and buybacks: The company returns capital to shareholders through dividends and share buybacks. In 2025, Gold Fields paid $1.7 billion in dividends and buybacks, including a $253 million special dividend and $100 million buyback.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Gold Fields Limited is an international gold mining company that explores, develops, and operates gold mines across South Africa, Ghana, Australia, Peru, Canada, and Chile, producing and selling gold (and copper-gold concentrate from Cerro Corona) to global commodity markets. The company produced 2.438 million gold-equivalent ounces in 2025 and generated $8.75 billion in revenue. All-in sustaining costs are guided at $1,800-$2,000/oz for 2026.

Product overview

Gold Fields is an international gold mining company with a portfolio of operating mines and development projects spanning South Africa, Ghana, Australia, Peru, Canada, and Chile. The company operates as a single-segment gold producer engaged in exploration, development, and processing activities. Its core product offering is gold production, with operations including both underground and surface mining across nine primary assets. The company does not offer a technology platform, software, or SaaS product—its business model is focused entirely on gold mining operations and mineral resource extraction.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Mining Operations Exploration, development, and processing of gold across nine primary mining assets in South Africa (South Deep), Ghana (Tarkwa, Damang), Australia (St Ives, Agnew, Granny Smith, Gruyere), Peru (Cerro Corona), Canada, and Chile (Salares Norte). Output is sold at prevailing market prices to global refiners and commodity traders for use in investment (bars, coins, ETFs), jewelry manufacturing, electronics, dental, and industrial applications.
• Copper-Gold Concentrate (Cerro Corona) Copper-gold concentrate produced at the Cerro Corona mine in Peru and sold at prevailing market prices. Copper contributes to revenue through commodity sales alongside the company's primary gold production and serves smelter and industrial copper markets.

Quantifiable outcome

• 18% production increase to 2.438 million ounces in 2025
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Cree First Nation of Waswanipi, Cree Nation Government, Grand Council of the CreescoreStrategic or Co-development Partner · 3 June 2026Landmark Impact Benefit Agreement (Uukiimau Agreement) signed for the Windfall Gold Project in Quebec. The agreement represents a milestone for responsible resource development and Indigenous partnership in the region.
• Bonterra Resources Inc.coreStrategic or Co-development Partner · 4 May 2026Phoenix Joint Venture where Gold Fields can acquire a 70% interest by spending C$30 million in work expenditures. The Barry Mining Lease (Mining Lease 886) was included in the JV, covering extraction of 1.2 million tonnes via open pit and/or underground methods. Bonterra granted UL ECOLOGO certification for mineral exploration.
• Wangkatja Tjungula Aboriginal Corporation (WTAC)coreStrategic or Co-development Partner · 13 April 2026Gold Fields signed a Native Title Agreement with WTAC, the registered native title body corporate for the Wangkatja people, demonstrating commitment to Indigenous partnerships in Australia.
• Engineers & Planners Co. (E&P)coreChannel Partner/ Reseller/ Distributor · 4 March 2026Ghanaian mining contracting firm founded by Ibrahim Mahama that secured a $205 million financing package (arranged by Stanbic Bank, Standard Bank, Ecobank, Absa) to support its contract mining operations with Gold Fields Ghana at Tarkwa and Damang mines. E&P won the bid to operate the Damang mine after Gold Fields' exit.
• OR Royalties Inc.coreStrategic or Co-development Partner · 18 February 2026Gold Fields sold a portfolio of 8 precious metals royalties to OR Royalties for $115 million, anchored by a 1.5% NSR royalty on Buenaventura's San Gabriel mine in Peru. Separately, Gold Fields received $52 million for deferred payment obligations from Galiano Gold.
• Payet, Rey, Cauvi, Pérez AbogadosminorImplementation/ SI/ Consulting Partner · 4 June 2024Peruvian law firm assisting Gold Fields La Cima with the extension of its existing revolving credit facility by up to US$85 million.
• Government of GhanacoreStrategic or Co-development PartnerGold Fields will formally relinquish ownership and operational control of the Damang Mine on April 18, 2026, after the government decided the asset should transition to Ghanaian ownership. Gold Fields continues to engage with the Ghanaian government regarding the Tarkwa mine lease renewal (expiring April 2027).

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Endeavour Mining: West Africa-focused intermediate gold producer with mines in Côte d'Ivoire, Burkina Faso, and Senegal. Highly comparable business model as a multi-asset gold producer in similar African jurisdictions.
• B2Gold Corp. Mid-tier gold producer with mines in Mali, Namibia, and the Philippines. Comparable as an intermediate gold miner focused on operating efficiency and production growth from a multi-asset portfolio.
• Alamos Gold: Intermediate gold producer with operations in Canada (Young-Davidson, Island Gold) and Mexico (Mulatos). Comparable scale, low-AISC profile, and growth-via-acquisition strategy.
• Harmony Gold Mining: South Africa-headquartered gold producer with significant underground mining exposure similar to South Deep. Closest peer by corporate domicile, heritage, and operational model in the South African gold sector.
• Newmont Corporation: World's largest gold miner with a globally diversified portfolio of gold and copper mines across the Americas, Africa, and Australia. Closest comparable to Gold Fields in scale, geographic mix, and operating model, with similar AISC positioning.
• AngloGold Ashanti: Major global gold producer with operations in Africa (Ghana, DRC, Tanzania, Guinea), the Americas, and Australia. Direct competitor in Ghana (Tarkwa/Iduapriem, Obuasi) and South Africa historically; closest peer by geography.
• Barrick Gold Corporation: Top-tier global gold producer with operations across Africa, the Americas, and Asia-Pacific. Closely comparable in size, multi-jurisdictional footprint, and exposure to copper co-products at several mines.
• Kinross Gold Corporation: Mid-to-large cap gold miner with operations in the Americas and West Africa (Tasiast, Chirano). Comparable in scale, cost structure, and emerging-market exposure profile.
• Agnico Eagle Mines: Senior gold producer with a portfolio concentrated in Canada, Australia, and Mexico. Comparable in quality-tier asset focus, capital returns discipline, and acquisition strategy in tier-one jurisdictions.

Broad incumbents

• Pan American Silver: Senior precious metals producer primarily of silver with growing gold exposure (MAG Silver, Yamana assets). Comparable as a multi-jurisdictional Americas-focused precious metals operator with similar capital-markets profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/GoldFields_LTD
• Facebookfacebook.com/GoldFieldsLTD
• LinkedInlinkedin.com/company/gold-fields
• Instagraminstagram.com/goldfields_ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gold Fields