Gold Fields ( NYSE: GFI ) -2.1% in Thursday's trading after reporting lower FY 2022 net profit despite a rise in production.
The South African miner reported a $711M net profit compared with $789.3M in the year-earlier quarter, while headline earnings per share rose to $1.19 from $1.00 the previous year.
The board declared a final dividend of 4.45 South African rand/share (~$0.24), lifting the total payout for the year to 7.45 rand/share.
The miner said FY 2022 gold production edged slightly higher to 2.4M oz from 2.34M oz in the previous year and topped its revised guidance of 2.31M-2.36M oz, while all-in sustaining costs rose 4% Y/Y to $1.1B.
For FY 2023, Gold Fields ( GFI ) guided for attributable gold equivalent production, excluding Asanko, of 2.25M-2.3M oz.
Gold Fields ( GFI ) shares have lost nearly 13% so far this year and 29% during the past 12 months .
For further details see:
Gold Fields production top guidance but full-year profit falls