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@kewur 4 months ago

Gold Fields Acquires Gold Road Resources, Takes Full Ownership of Gruyere Mine

Gold Fields Acquires Gold Road Resources, Takes Full Ownership of Gruyere Mine

Gold Fields (South Africa) will acquire 100% of Gold Road Resources after court approval of their scheme of arrangement. Gold Road shareholders get a special dividend of A$0.43/share, plus fixed (A$2.52) and variable (A$0.98) cash per share. Gold Road shares have been suspended; transfer completes October 14th. Gold Fields now fully owns the WA Gruyere gold mine, expected to produce up to 355,000 ounces of gold in 2025. Deal worth A$3.7bn was first announced in May, and cleared by Australian regulators.
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@Simonwhite 4 months ago

Dividend plus fixed cash! Goodness.

@BrianHoward 4 months ago

That’s a good bet honestly. Gotta buy.

@AntonioMyers 4 months ago

It’s a bold but logical move to secure quality ounces in a stable jurisdiction.

I am just curious where it stands against their past acquisitions: for example, Yamana in 2022?