Gold Fields expects H1 profit jump on higher prices, output

Gold Fields on Thursday said it expects its half-year profit to rise by up to 33%, driven by higher metal prices and increased production, but flagged the impact of rising inflation on costs.

Gold Fields expects its headline earnings per share (HEPS) – the main profit measure used in South Africa – to be between $0.56 and $0.60 in the six months to June 30, compared to $0.45 last year.