Gold Fields in high-stakes standoff over Australian mine
SA miner and Gold Road trade counterproposals to buy each other out as shareholders warned to exercise caution over shares
24 March 2025 - 08:44
UPDATED 24 March 2025 - 22:40
Gold Fields and its joint venture partner Gold Road are locked in a corporate tug-of-war over a sought-after gold mine in Western Australia, trading counterproposals to buy each other out.
Gold Fields, seeking to consolidate ownership of the low-cost, high-grade Gruyere Mine, offered A$3.05 per share, a nearly 30% premium to Gold Road’s closing price and valuing the company at A$3.3bn (R38bn)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.