- Gold Fields released its H1 results earlier this month, reporting production of ~1.1 million gold-equivalent ounces at all-in sustaining costs of $1,093/oz.
- While costs were up sharply on a year-over-year basis, this was mostly out of the company's control, given that the majority of cost increases were related to currency headwinds.
- Most importantly, Gold Fields continues to make progress on the ESG front, vaccinations are improving in the workforce, and Salares Norte is on schedule for a Q1 2023 gold pour.
- Based on Gold Fields' improving cost and jurisdictional profile once SN comes online, I would view pullbacks below $8.70 as low-risk buying opportunities.
For further details see:
Gold Fields: Further Weakness Should Present A Buying Opportunity