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Gold Fields in active discussions to acquire Gold Road Resources
The Star
|May 05, 2025
GOLD Fields is in “active discussions” with Gold Road Resources despite an earlier rejection of its offer to acquire 100% of the shares of the Australia mining group by way of a scheme of arrangement, the Johannesburg-based global miner confirmed in a statement Friday.
The JSE and New York-listed Gold Fields has mines in South Africa, Ghana, Australia, Peru, Chile and Canada. Western Australia mining company Gold Road primarily owns 50% of the Gruyere Gold Mine in partnership with Gold Fields.
According to Mining Weekly, in March, Gold Road had rejected an initial A$3.3 billion (R39.2bn) takeover approach from Gold Fields, saying the “extremely disappointing” offer had undervalued the company. Gold Road's shares had since climbed by more than 20%.
This story is from the May 05, 2025 edition of The Star.
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