Companies / Mining

News Leader

WATCH: How Gold Fields returned to profit

Gold Fields CEO Nick Holland talks to Business Day TV about the company’s interim results and turnaround

16 August 2019 - 09:48 Business Day TV
A miner works underground at a Johannesburg gold mine. Picture: ROBERT TSHABALALA
A miner works underground at a Johannesburg gold mine. Picture: ROBERT TSHABALALA

Gold Fields has bounced back in the first half of the year.

The miner turned net cash flow positive earlier than expected as it swung from a loss of $367m to a profit of $71m and, as a result, the interim dividend has tripled.

The company expects its cash-generating ability to increase in the second half of the year.

Business Day TV caught up with CEO Nick Holland for more detail on the turnaround. ​

Gold Fields CEO Nick Holland talks to Business Day TV about the company’s interim results and turnaround

Or listen to the full audio:

Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm 

Gold Fields basks in tripled dividend

After two years of investing heavily in growth, the company rewards shareholders and expects strong cash flow for the balance of 2019 and 2020
Companies
3 months ago

SA CEOs: paid for perfection but delivering mediocrity

It seems our top executives all too often are being paid for perfection while delivering mediocrity at best
Features
5 months ago

Gold Fields on track to meet 2-million-ounce target

As the company reaps the benefits of its $500m investment plan, it remains firmly on track to deliver 2-million ounces of gold in 2019
Companies
6 months ago

Gold Fields unveils R11.6bn Chile mine project

Gold Fields closes in on a final decision to build the R11.6bn Salares Norte project to add 450,000oz of gold a year to the group
Companies
7 months ago

The curse of South Deep haunts Gold Fields

Gold Fields hopes the restructuring of the operation will put it back in the black — but some investors are sceptical
Money & Investing
8 months ago

Most read

1.
Alexander Forbes in bold strategy shift
Companies / Financial Services
2.
Minerals Council takes Mining Charter to court
Companies / Mining
3.
Steinhoff raises R4.8bn from KAP share sale
Companies / Retail & Consumer
4.
Alexander Forbes plans to offload insurance units
Companies / Financial Services
5.
Sibanye considers moving primary listing from JSE
Companies / Mining

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.