Gold Fields (NYSE:GFI) +4.2% pre-market Thursday after reporting a 42% jump in FY 2024 profit and saying it met revised full-year guidance after a stronger H2 performance. The South African miner said net profit jumped to $1.

By Felix Njini and Nelson Banya JOHANNESBURG (Reuters) -Gold Fields may consider a share buyback programme as a way to boost shareholder returns if the gold price remains elevated, CEO Mike Fraser said on Thursday,

Gold Fields Ltd. said full-year profit surged 77% as the price of bullion soared and it started to overcome operational challenges at mines in Chile and South Africa.

History has shown that gold has always been one of the most secure stores of value, especially during times of economic uncertainty and downturns.

Gold Fields on Thursday reported a 42% jump in profit for last year, supported by a rally in gold prices, even though its gold output fell 10%. The Johannesburg-based gold miner raised its dividend by 34% to 10 rand ($0.

Gold Fields, a prominent mining company listed as GFIJ.J, is contemplating the implementation of a share buyback program as a potential strategy to enhance shareholder returns. This strategic consideration comes in the wake of the company reporting a substantial 42% increase in annual profit.