Gold Fields maintained its full-year guidance for all-in sustaining costs (AISC) between $1,800 and $2,000 per ounce.

Attributable gold-equivalent production rose 15% year-over-year to 633,000 ounces for the quarter.

The South African miner warned that Middle East conflict-driven price hikes threaten its cost targets.

Diesel costs have increased between 30% and 70% since the start of the conflict.

Liquefied natural gas prices have risen by approximately 30%.

Management stated that oil prices exceeding $100 per barrel would jeopardize its ability to meet cost guidance.