The Zhitong Finance App learned that South African gold producer Jintian (GFI.US) said that benefiting from rising gold production and gold prices, its net profit surged 81%, and the company's dividend more than doubled in the first half of the year. According to financial reports, Jintian's revenue for the first half of the year was US$5.937 billion, up 79% year on year; core profit after deducting non-recurring profit and loss reached US$1,855 billion (equivalent to 208 cents per share), an increase of 81% year over year.
Jintian said the company raised its dividend per share from 7 rand to 16.25 rand (approximately $1.01) in the same period last year. Gold production reached 1.27 million ounces in the first half of 2026, a year-on-year increase of 12%. The average dollar price achieved by the Group for the six months ending June 30, 2026 was $4,678 per ounce, an increase of 51% year over year.
CEO Mike Fraser said that improvements in gold sales and prices “drove a phased leap forward in financial performance.” Kanada's mining assets are spread across Africa, Australia, and South America.
However, the future of the company's large Tarkwa (Tarkwa) mine in Ghana remains uncertain. The mine contributed 19.2 million ounces of production in the first six months of this year, and Kaneda is currently seeking negotiations to renew the asset's lease. The media previously reported that the Ghanaian government is considering handing over control of the mine to a local company after its procurement rights expire in April.
The company said, “An adverse outcome of the renewal process will have a significant adverse impact on Jintian,” and “we are considering all available options,” including “seeking legal remedies to protect legitimate rights under the lease agreement.”