Gold Fields ( NYSE: GFI ) +2.2% in Thursday's trading after reporting strong gains in H1 profit , driven by higher metal prices and increased production .
The South African miner said H1 net profit rose 31% Y/Y to $509.7M from $387.4M in the year-earlier period, and headline earnings of $0.58/share jumped from $0.45/share a year ago.
H1 attributable group production rose 9% Y/Y to 1.2M gold equivalent oz from 1.1M GEO and in line with guidance given earlier this month , while the company's averaged realized gold price increased 3% in the period; H1 all-in sustaining costs rose 6% Y/Y due mostly to higher fuel prices.
Gold Fields ( GFI ) declared an interim dividend of 3 rand/share (~$0.18), compared to 2.1 rand/share for the prior-year period.
Gold Fields ( GFI ) CEO Chris Griffith told Bloomberg he is receiving more positive investor feedback on its planned acquisition of Yamana Gold after initial concerns it was paying too much .
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Gold Fields gain on higher H1 profit, interim dividend