The gold miner’s net earnings per share (EPS) – the main corporate profit measure in South Africa – increased from 83 cents last year to 100 cents for the year ended 31 December.
The company announced a final dividend of 95 cents South Africa ($ 0.0634) per share, bringing the dividend per share for the full year to 470 cents.
Its production for the year increased 5% to 2.34 million ounces in 2021, placing the miner among the top eight gold producers in the world. The company aims to produce between 2.25 and 2.29 million ounces in 2022.
The price of gold has fallen since the August 2020 peak, forcing miners to reduce costs and increase production to increase profits. But with inflation rising at a time when production levels are at their highest, it’s uncertain whether they will be able to maintain their profits.
Gold Fields said its overall durable cost (AISC) – a measure of total production cost – rose to $ 1,063 per ounce for the year, with the company forecasting a further increase to $ 1,140-1,180 per ounce for 2022.
($ 1 = R14.9904)
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