South Africa $20 Billion Gold Mining Company Gold Fields to Buy Australia Mining Company Gold Road Resources for $2.39 Billion (AUD 3.7 Billion) Representing +43% Premium to Closing Price (21/3/25) & +12% Higher than Initial Offer (24/3/25)
7th May 2025 | Hong Kong
South Africa gold mining company Gold Fields ($20 billion market value) has announced to buy Australia mining company Gold Road Resources for $2.39 billion (AUD 3.7 billion), representing +43% premium to closing price (21/3/25) & +12% higher than the initial offer (24/3/25). Gold Fields – Gold Fields is a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana, Chile and Peru and one project in Canada. We have total attributable annual gold-equivalent production of 2.1 Moz, proved and probable Gold Mineral Reserves of 44.3 Moz, measured and indicated Gold Mineral Resources of 30.4 Moz (excluding Mineral Reserves) and inferred Gold Mineral Resources of 11.6 Moz (excluding Mineral Reserves). Our shares are listed on the JSE and our American depositary shares trade on the New York Stock Exchange. Gold Road – Gold Road is a mid-tier Australian gold producer and explorer with a Tier 1 mine and exploration projects across Western Australia, South Australia and Queensland covering more than 14,000 square kilometres. Gold Road owns 50% of the world-class Gruyere gold mine in Western Australia, which was developed in joint venture with Gold Fields Ltd and produced first gold in June 2019. The Gruyere JV has Gold Ore Reserves of 3.45 Moz and Gold Mineral Resources of 7.14 Moz (inclusive of Ore Reserves (100% basis). Gold Road’s 100% interest in the Yamarna exploration portfolio has Gold Mineral Resources of 0.48 Moz.
“ South Africa $20 Billion Gold Mining Company Gold Fields to Buy Australia Mining Company Gold Road Resources for $2.39 Billion (AUD 3.7 Billion) Representing +43% Premium to Closing Price (21/3/25) & +12% Higher than Initial Offer (24/3/25) “
South Africa $20 Billion Gold Mining Company Gold Fields to Buy Australia Mining Company Gold Road Resources for $2.39 Billion (AUD 3.7 Billion) Representing +43% Premium to Closing Price (21/3/25) & +12% Higher than Initial Offer (24/3/25)
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