News24 Business | Gold Fields snaps up Australian rival in R44bn deal

Gold Fields strikes $2.4bn deal for Australian rival Gold Road amid mining M&A boom

Gold Fields buys Gold Road for $2.4B, boosting its stake in the Gruyere mine as gold M&A heats up.

News24 Business | Gold Fields snaps up Australian rival in R44bn deal

Gold Fields will buy Gold Road Resources in a deal valuing its Australian joint venture partner at R44 billion, a sweetened offer following weeks of negotiations over their key project in Western Australia.

Gold Fields to buy Gold Road Resources in $2.4B deal (GFI:NYSE)

Australian miner Gold Road Resources said it agreed to be acquired by South Africa's Gold Fields in a sweetened deal that valued it at A$3.7B (~US$2.39B).

Gold Road succumbs to $3.7b takeover from South African partner

Johannesburg-based Gold Fields will take full ownership of a highly profitable WA mine, as soaring gold prices fuel a flurry of buyouts.

Gold Fields to Buy Gold Road in Deal Valuing It at A$3.7 Billion

Gold Fields Ltd. will buy Gold Road Resources Ltd. in a deal valuing its Australian joint venture partner at A$3.7 billion ($2.4 billion), a sweetened offer following weeks of negotiations over their key project in Western Australia.

Gold shines in ASX slump - Australian Resources & Investment

Image: Ronnarong/adobe.stock.comGold stocks were the lone bright spot on the Australian share market yesterday, with several gold mining companies rebounding after momentary dips. Gold Road Resources surged 9.43 per cent on Monday after entering into a scheme of arrangement with US gold giant Gold Fields. The proposed takeover sparked a wave of investor interest, pushing the stock to the top of the ASX leaderboard for the day. Under the arrangem…