Quarterly UpdatesNov 5, 2026, 09:51 AM
Gold Fields Q3 2026 Production 605koz; Windfall Auth. Received; Northern Star Bid
AI Summary
Gold Fields reported Q3 2026 operational results with attributable gold-equivalent production of 605koz, in line with plan. The Group's All-in Sustaining Cost (AISC) was US$1,965/oz, remaining within full-year guidance. A significant development was Windfall receiving its Certificate of Authorisation, permitting construction. The company also continued its share buyback program, repurchasing an additional US$554 million in shares during the quarter. Gold Fields also submitted a non-binding proposal to acquire Northern Star Resources and entered agreements to acquire BHP's Kambalda Nickel West Concentrator.
Key Highlights
- Attributable gold-equivalent production of 605koz in Q3 2026, in line with plan.
- Group AISC of US$1,965/oz was broadly unchanged from Q2 2026 and remained within full-year cost guidance.
- Windfall received its Certificate of Authorisation, allowing construction and full project development.
- Additional share buybacks of US$554 million completed in Q3 2026, bringing total repurchased to US$854 million.
- Net debt to adjusted EBITDA remained strong at 0.13x at 30 September 2026.
- Salares Norte produced 136koz of gold-equivalent ounces at an all-in sustaining cost (AISC) of US$437/oz.
- Gold Fields submitted a non-binding proposal to acquire 100% of Northern Star Resources.
- Acquisition of BHP’s Kambalda Nickel West Concentrator entered formal agreements, expected completion in 2027.
Price Impact
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