Gold Fields Limited (GFI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day everybody and thank you for joining us for the presentation of Goldfield's results for the six months to 30th of June 2026. My name is Mike Fraser and joining today in our Johannesburg office is Alex Dahl, our Chief Financial Officer and John Gieser Magogula, EVP of External Affairs. So today our message is very simple. Our operations delivered a solid first half performance. We converted this in conjunction with a higher and supportive gold market into very strong cash flows, and that in turn allowed us to deliver higher returns to our shareholders. I wanted to just bring your attention to the forward-looking statements, which include some non-IFRS measures, and I'll ask you to take notes of the slide on page two. So in terms of the agenda for today, I will cover the highlights and the operational performance. Alex will cover the financials and capital allocation and also touch on some of the transformation initiatives underway to create a more reliable and agile organization. And finally, I'll close on growth strategy and the outlook before we open for questions. So turning to the highlights of the first half. So firstly, we had a strong path and most importantly, we had no fatalities and no serious injuries across the group. This is a real manifestation of the fact that our safety improvement program that we launched in 2024 is really gaining momentum and delivering encouraging results across our businesses. we were also able to deliver a 12% increase in attributable production to 1.267 million ounces. This was firstly led by Solaris Norte, which really delivered a 173% increase on the equivalent period, which was an extremely strong performance, as well as strong delivery from Granny Smith. Importantly, South Deep also continued to demonstrate productivi...