By Kyle Morris


Gold Fields Ltd. said Thursday that 2022 net profit fell despite a rise in production as it recognized several impairments.

The South African gold miner made a net profit of $711.0 million compared with $789.3 million a year prior.

Revenue was $4.20 billion compared with $4.29 billion in 2021.

Impairments included $325 million at Tarkwa in Ghana, $63 million at Cerro Corona in Peru and $114 million in the far south east region.

The board declared a final dividend of 4.45 South African rand (24 cents) a share, bringing the total dividend for the year to ZAR7.45 a share.

Gold Fields said it produced 2.40 million ounces of gold equivalent. In 2021, it produced 2.34 million ounces of gold equivalent.

For 2023, attributable gold equivalent production, excluding Asanko, is expected to be between 2.25 million ounces and 2.30 million ounces.


Write to Kyle Morris at kyle.morris@dowjones.com 


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(END) Dow Jones Newswires

02-23-23 0131ET