Gold Fields reported an 81% rise in H1 2026 attributable profit on 25 August 2026, more than doubling its interim dividend to R16.25 a share and expanding its share buyback programme to $1.25bn.
Resolute Mining posted a $162.6m net profit for H1 2026 as record gold prices offset lower group output, with its Senegalese unit paying a $121.3m dividend that included the government's share.
AngloGold Ashanti's share price rose 26% in the week following its H1 2026 results, reaching about $121, as EBITDA surged 82% to $4.265bn on high gold prices.
Caledonia Mining's Q2 2026 profit after tax rose 27% to $30m on a 34% higher realised gold price, while the company advanced a $150m interim facility and a $300m project loan for Bilboes.
The FTSE/JSE All Share Index fell on 8 July 2026 as a weaker rand and softer mining stocks outweighed a still-bullish gold price.
Goldman Sachs cut its year-end 2026 gold price target from $5,400 back to $4,900 on 20 June 2026, citing fading ETF inflows and the removal of expected rate cuts.
Gold broke through $5,000/oz in January, sending the rand to its strongest level since 2022 and boosting profitability across Harmony, Sibanye-Stillwater, Gold Fields and Pan African.
Goldman Sachs raised its December 2026 gold price forecast to $5,400 an ounce from $4,900 in a note dated 21 January 2026, days before gold hit an all-time high.
Pan African Resources booked record interim profit on higher gold prices, but rising costs at its Barberton underground operations and reopening risk at Nobles left some analysts wary about the growth story.
