{"id":850153,"date":"2026-02-06T14:20:37","date_gmt":"2026-02-06T12:20:37","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=850153"},"modified":"2026-02-06T14:20:43","modified_gmt":"2026-02-06T12:20:43","slug":"south-african-giant-expects-triple-profit","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/850153\/south-african-giant-expects-triple-profit\/","title":{"rendered":"South African giant expects triple profit"},"content":{"rendered":"\n<p>Gold Fields Ltd. said profit last year likely almost tripled as the miner benefited from bullion\u2019s record-breaking rally.<\/p>\n\n\n\n<p>The Johannesburg-listed company said on Friday that its 2025 earnings are expected to be between $3.87 and $4.11 a share, an increase of 178% to 196% compared with the previous year.<\/p>\n\n\n\n<p>That \u201creflects a combination of materially higher gold prices\u201d and \u201cincreased volumes of gold sold,\u201d the firm said in a trading statement.<\/p>\n\n\n\n<p>Gold soared almost 65% last year as geopolitical upheaval drove investors toward the haven asset. Bullion continued to climb this year, hitting an all-time high of almost $5,600 on Jan. 29, before paring those gains.<\/p>\n\n\n\n<p>Gold Fields \u2013 which mines the precious metal in Australia, Chile, Ghana, Peru and South Africa \u2013 said it produced 2.4 million ounces of gold last year, 18% more than in 2024. The company will announce its full annual results later this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Fields Ltd. said profit last year likely almost tripled as the miner benefited from bullion\u2019s record-breaking rally.<\/p>\n","protected":false},"author":59,"featured_media":814077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-850153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=850153"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850153\/revisions"}],"predecessor-version":[{"id":850156,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850153\/revisions\/850156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/814077"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=850153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=850153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=850153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}