Investors in 139-year-old South African miner strike gold

Gold Fields more than doubled its first-half dividend after profit jumped 81% on higher gold production and prices.

The Johannesburg-listed miner increased its payout to R16.25 per share, from R7 a year earlier.

Gold output climbed 12% to 1.27 million ounces from the first half of 2025, it said in a statement on Tuesday.

Better gold sales and prices “drove a step-change in financial performance,” said Chief Executive Officer Mike Fraser.

Gold Fields owns mines across Africa, Australia and South America.

However, the future of the large Tarkwa mine in Ghana, which produced 192,000 ounces in the first six months of the year, is uncertain, with Gold Fields trying to negotiate a renewal of the asset’s leases.

Bloomberg News has previously reported that the West African nation is considering transferring control of the operation to local firms when the rights expire in April.

“An adverse outcome of the renewal process would have a material and adverse impact on Gold Fields,” the company said.

“We are considering all options available to us,” including “pursuing our legal rights under the leases.”