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SA's Gold Fields Moves to Fully Acquire Australia’s Gold Road in Strategic $2.4 Bln Deal

SA's Gold Fields Moves to Fully Acquire Australia’s Gold Road in Strategic $2.4 Bln Deal

Sputnik Africa

SA's Gold Fields Moves to Fully Acquire Australia’s Gold Road in Strategic $2.4 Bln DealThe South African miner will buy 100% of Gold Road for A$2.52 ($1.63)... 05.05.2025, Sputnik Africa

2025-05-05T21:52+0200

2025-05-05T21:52+0200

2025-05-05T22:24+0200

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SA's Gold Fields Moves to Fully Acquire Australia’s Gold Road in Strategic $2.4 Bln DealThe South African miner will buy 100% of Gold Road for A$2.52 ($1.63) per share, 12% higher than a previously rejected offer made by Gold Fields in March, according to its press release."The acquisition of Gold Road represents a strategically logical and low-risk opportunity to enhance Gold Fields' portfolio through consolidation of the Gruyere Joint Venture [Gruyere gold mine in Western Australia] in which Gold Fields is the operator," read the press release.Gold Road shares rose as high as 14.5% following the announcement.The buyout is expected to be completed in October, Gold Fields CEO Mike Fraser told a local media outlet.Subscribe to @sputnik_africa Sputnik Africa | X

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