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GFI · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Gold Fields Ltd ADR (GFI) stock moving?
GFI rallied from a 32.92 close on Oct 30 to a 41.04 close on Nov 9, a gain of about 25%, after the company reported Q3 attributable production of 605,000 oz and reaffirmed full-year guidance on Nov 5. The Nov 2 Quebec construction authorization for the Windfall project adds a concrete, multi-year growth item. The rally came on rising volume, with the Nov 5 to Nov 6 sessions trading 5.0M to 5.4M shares. On Nov 10 the stock fell 7.0% to 38.15 on 4.03M shares, with an intraday range of 37.86 to 39.51, giving back part of the run. The news flow is limited to operating updates, a project permit and a retrospective return article, and the filings reviewed contain no detail beyond the SENS exhibits, so the outlook depends on gold prices and execution, which the supplied data does not cover.
News behind the analysis
- Gold Fields Reports Third-Quarter 2026 Performance and Backs Full-Year GuidanceGold Fields reported attributable gold-equivalent production of 605,000 ounces for the third quarter and reaffirmed its full-year production guidance.
- Gold Fields Receives Construction Authorization for Windfall Mining ProjectGold Fields and Windfall Mining Group received the Quebec government certificate needed to begin construction on the Windfall project.
- Here's How Much $1000 Invested In Gold Fields 10 Years Ago Would Be Worth TodayA retrospective article noting a 23.67% average annual return over 10 years; it reports no new company event.
About Gold Fields Ltd ADR
Gold Fields is a South African gold miner. Its US shares trade as ADRs on the NYSE, and it runs mines in Australia, South Africa, Ghana, Peru and Chile. It is one of the world's larger gold producers, with guidance of about 2.4–2.6 million gold-equivalent ounces for 2026. Its Windfall project in Quebec, Canada recently received a key environmental approval.
How it makes money
Almost all of its revenue comes from selling gold it mines. A smaller share comes from copper and silver by-products, mainly from Peru (Cerro Corona) and Chile (Salares Norte). Australia is its largest production region, and Ghana and South Africa's South Deep mine add meaningful output. Profit depends largely on the gap between the gold price (about $4,700/oz realized in H1 2026) and all-in sustaining costs (about $1,900/oz).
What usually moves GFI
- Gold price movements
- Mining costs, royalties and energy inflation
- Production delivery at Salares Norte and other mines
- Windfall project progress and capital spending
- South African rand and Australian dollar exchange rates