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Gold Fields (GFI) - 2024 Q4 - Annual Report
2025-03-27 14:09
Financial Performance - The company reported a significant increase in revenue, reaching $1.5 billion for the year ended December 31, 2024, representing a 15% growth compared to the previous year[10]. - The company reported a net profit margin of 18% for the year, reflecting improved operational efficiency[10]. - Adjusted free cash flow (FCF) generated was US$605 million, compared to US$367 million in 2023, marking a 64.8% increase[1]. - Total equity increased to US$5,367 million in 2024, up from US$4,620 million in 2023, representing a growth of 16.1%[1]. - Capital expenditure (capex) rose to US$1,183 million in 2024, up from US$1,055 million in 2023, reflecting a 12.1% increase[1]. - Net debt increased to US$2,086 million but remained below the company's target[2]. User and Market Growth - User data showed a 20% increase in active users, bringing the total to 5 million by the end of 2024[9]. - The company provided guidance for 2025, projecting revenue growth of 10-12% based on current market trends and expansion strategies[13]. - The company plans to expand its market presence in Asia, targeting a 25% increase in market share within the next two years[10]. - New product launches are expected to contribute an additional $200 million in revenue in 2025, with a focus on innovative technology solutions[12]. Operational Efficiency and Challenges - The company anticipates production guidance of Y ounces for 2025, indicating a focus on operational efficiency and growth opportunities[89]. - Gold Fields is facing challenges in replacing annual Mineral Reserve depletion, with a need to grow its Mineral Reserve base to extend the life of operations[92]. - The company is investing in new technologies and operational efficiencies to achieve anticipated cost savings and improve production capabilities[92]. - Gold Fields is actively managing supply chain issues and inflationary pressures that could impact production costs and operational performance[92]. - The company experienced operational challenges in the first half of 2024 due to severe weather events impacting mine performance[212]. Environmental and Social Responsibility - Environmental initiatives have been prioritized, with a commitment to reduce carbon emissions by 30% by 2026[11]. - The company is committed to maintaining compliance with extensive environmental, health, and safety regulations, which are critical for sustainable operations[92]. - Gold Fields is focused on addressing the impacts of climate change on its operations, including risks from extreme weather events[92]. - Gold Fields prioritizes 12 of the United Nations Sustainable Development Goals (SDGs) to create lasting socio-economic value[113]. - The company is committed to responsible mining, with ESG strategies embedded into the Group strategy for better stakeholder outcomes[204]. Governance and Leadership - The Board aims for 30% female representation in the workforce by 2030 and currently stands at 38% female representation at the Board level[190]. - The company appointed Alex Dall as CFO, strengthening executive leadership alongside new Executive Vice-Presidents in Sustainable Development and Strategy, Planning, and Corporate Development[204]. - The Board revised its committee structures to enhance governance effectiveness and ensure diversity of thought for long-term value creation[204]. - The Board received quarterly updates on progress against ESG targets, ensuring oversight of stakeholder engagement and relations[204]. Future Outlook and Strategic Initiatives - The company is exploring potential acquisitions to strengthen its portfolio, with a budget of $500 million allocated for this purpose[12]. - Future financial guidance will be based on these adjusted metrics to provide investors with a clearer outlook on performance and growth potential[37]. - The company aims to maintain a production profile of 2 million to 3 million ounces well into the next decade through exploration and mergers and acquisitions[2]. - A mid-term review of the company's 2030 ESG targets is underway, assessing progress and future business models, with completion expected in 2025[204].
Gold Fields (GFI) - 2024 Q4 - Annual Report
2025-03-27 12:45
Exhibit 4.13 U.S.$250,000,000 Multicurrency Parallel Bridge Facility Agreement Dated October 18, 2024 for GOLD FIELDS WINDFALL HOLDINGS INC. And" GOLD FIELDS OROGEN HOLDING (BVI) LIMITED arranged by THE BANK OF NOVA SCOTIA, CITIBANK, N.A., LONDON BRANCH AND ROYAL BANK OF CANADA with THE BANK OF NOVA SCOTIA acting as Agent Ref: L-352434 CLAUSE CONTENTS PAGE SECTION 1 | INTERPRETATION | | --- | | 1. | Definitions and Interpretation . | | --- | --- | | | SECTION 2 | | | THE FACILITY | | 2. | The Facility . | | ...
Gold Fields Stock Hits 52-Week High: What's Driving Its Performance?
ZACKS· 2025-03-10 16:55
Core Viewpoint - Gold Fields Limited (GFI) has experienced a significant increase in stock price, reaching a 52-week high, driven by rising gold prices and strong financial performance in 2024 [1][2]. Financial Performance - In 2024, GFI's revenues rose by 16% year over year to $5.20 million, primarily due to a 25% increase in gold prices [2]. - The company's operational and financial performance showed marked improvement in the second half of 2024 [2]. Strategic Moves - GFI acquired Osisko Mining in 2024, aligning with its strategy to enhance its portfolio with high-quality, long-life assets and expand its presence in Québec, a Tier 1 mining jurisdiction [3]. - The acquisition is expected to leverage GFI's expertise in greenfields exploration, project development, and underground mining [3]. Future Outlook - For 2025, GFI anticipates gold equivalent production between 2.250 and 2.450 million ounces, indicating a year-over-year growth of 13% at the mid-point [4]. - The company plans to focus on reliable and cost-effective delivery while progressing its strategic priorities [4]. Market Conditions - Gold prices have been on an upward trend, influenced by geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, and central bank purchases [5]. - As of February 10, gold prices surpassed $2,900 per ounce and are currently around $2,910, driven by safe-haven demand amid global trade tensions [5]. - Silver prices are approximately $32 per ounce, supported by steady demand in the electrification industry and manufacturing sector expansion [6]. Stock Performance - GFI's shares have increased by 30.6% over the past year, compared to the industry's growth of 38.8% [7].
GFI or FNV: Which Is the Better Value Stock Right Now?
ZACKS· 2025-02-24 17:45
Core Insights - The article compares Gold Fields (GFI) and Franco-Nevada (FNV) to determine which is the better undervalued stock option for investors in the mining sector [1] Valuation Metrics - GFI has a Zacks Rank of 1 (Strong Buy), indicating a stronger improvement in earnings outlook compared to FNV, which has a Zacks Rank of 3 (Hold) [3] - GFI's forward P/E ratio is 9.49, significantly lower than FNV's forward P/E of 34.54, suggesting GFI is more undervalued [5] - GFI's PEG ratio is 0.29, while FNV's PEG ratio is 9.57, further indicating GFI's better valuation in terms of expected earnings growth [5] - GFI has a P/B ratio of 3.48 compared to FNV's P/B of 4.46, reinforcing GFI's position as the more attractive investment based on market value versus book value [6] - GFI earns a Value grade of B, while FNV receives a Value grade of F, highlighting GFI's superior valuation metrics [6]
Gold Fields (GFI) Rises As Market Takes a Dip: Key Facts
ZACKS· 2025-02-20 23:55
Company Performance - Gold Fields (GFI) closed at $19.20, reflecting a +1.86% change from the previous trading day's closing, outperforming the S&P 500's daily loss of 0.43% [1] - Over the past month, GFI shares have gained 16.79%, while the Basic Materials sector gained 3.69% and the S&P 500 gained 2.6% [1] Financial Estimates - The upcoming financial results for Gold Fields are projected to show earnings of $1.97 per share and revenue of $6.66 billion, representing year-over-year changes of +111.83% and +47.89%, respectively [2] - Recent analyst estimate revisions indicate a positive outlook for Gold Fields' business operations and profit generation [3] Analyst Ratings - Gold Fields currently holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate increasing by 1.37% over the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 rated stocks delivering an average annual return of +25% since 1988 [5] Valuation Metrics - Gold Fields has a Forward P/E ratio of 9.57, indicating a discount compared to its industry's Forward P/E of 11.41 [6] - The company holds a PEG ratio of 0.29, which is lower than the Mining - Gold industry's average PEG ratio of 0.6 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 63, placing it in the top 26% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Gold Fields (GFI) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-02-20 00:01
In the latest market close, Gold Fields (GFI) reached $18.85, with a -1.26% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.24% for the day. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.08%.Coming into today, shares of the gold miner had gained 20.67% in the past month. In that same time, the Basic Materials sector gained 4.69%, while the S&P 500 gained 2.37%.Investors will be eagerly watching for the perfor ...
Gold Fields (GFI) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-02-11 23:56
Company Performance - Gold Fields (GFI) closed at $19.38, reflecting a -0.92% change from the previous day, underperforming the S&P 500's 0.03% gain [1] - The stock has increased by 32.79% over the past month, outperforming the Basic Materials sector's gain of 8.14% and the S&P 500's gain of 4.19% [1] Earnings Estimates - Analysts expect Gold Fields to report earnings of $1.97 per share and revenue of $6.66 billion for the full year, representing increases of +111.83% and +47.89% from the previous year, respectively [2] Analyst Revisions - Recent revisions to analyst forecasts for Gold Fields are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] Zacks Rank and Performance - Gold Fields currently holds a Zacks Rank of 1 (Strong Buy), with a 1.72% rise in the Zacks Consensus EPS estimate over the past month, indicating strong potential for superior performance [5] Valuation Metrics - Gold Fields has a Forward P/E ratio of 9.93, which is below the industry's average Forward P/E of 11.52, and a PEG ratio of 0.31 compared to the industry average PEG ratio of 0.67 [6] Industry Context - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 135, placing it in the bottom 47% of over 250 industries, suggesting that it may underperform compared to higher-ranked industries [7]
GFI vs. FNV: Which Stock Is the Better Value Option?
ZACKS· 2025-02-07 17:41
Core Insights - The article compares Gold Fields (GFI) and Franco-Nevada (FNV) to determine which stock offers better value for investors [1] Valuation Metrics - GFI has a Zacks Rank of 1 (Strong Buy), while FNV has a Zacks Rank of 3 (Hold), indicating a more favorable earnings outlook for GFI [3] - GFI's forward P/E ratio is 9.59, significantly lower than FNV's forward P/E of 35.68, suggesting GFI is undervalued [5] - GFI has a PEG ratio of 0.31, while FNV's PEG ratio is 9.88, further indicating GFI's better valuation relative to its expected earnings growth [5] - GFI's P/B ratio is 3.47 compared to FNV's P/B of 4.56, reinforcing GFI's position as the more attractive investment option [6] - GFI earns a Value grade of B, while FNV receives a Value grade of F, highlighting GFI's superior valuation metrics [6]
Gold Fields (GFI) Laps the Stock Market: Here's Why
ZACKS· 2025-02-04 23:56
In the latest market close, Gold Fields (GFI) reached $17.61, with a +1.32% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.35%.The gold miner's stock has climbed by 25.58% in the past month, exceeding the Basic Materials sector's gain of 5.86% and the S&P 500's gain of 1.02%.Market participants will be closely following the financial results of Go ...
Is Gold Fields Limited (GFI) Outperforming Other Basic Materials Stocks This Year?
ZACKS· 2025-02-03 15:46
Company Performance - Gold Fields (GFI) has gained approximately 28.3% year-to-date, outperforming the Basic Materials group, which has seen an average gain of about 5.9% [4] - The Zacks Consensus Estimate for GFI's full-year earnings has increased by 1.2% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [4] - Gold Fields holds a Zacks Rank of 1 (Strong Buy), suggesting a favorable investment outlook based on earnings estimates and revisions [3] Industry Context - Gold Fields is part of the Mining - Gold industry, which consists of 40 companies and currently ranks 84 in the Zacks Industry Rank [6] - The Mining - Gold industry has achieved an average gain of 16% year-to-date, indicating that Gold Fields is performing better in terms of returns compared to its industry peers [6] - Another company in the Basic Materials sector, New Gold (NGD), has also shown strong performance with a year-to-date return of 21.8% and a Zacks Rank of 1 (Strong Buy) [5]