Gold Fields Posts Record Free Cash Flow as Production and Prices Surge
Attributable production rose 12% year over year to 1.267 million ounces, while adjusted free cash flow more than doubled to $2.225 billion. Production at Fraser and Granny Smith increased, aided by byproduct credits and higher grades. Net debt to EBITDA fell to 0.06x and the company reached net cash excluding lease liabilities, aided by completed buybacks and higher realized gold prices. Guidance was raised for Salares Norte.