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Stock impact report

Gold Road rejects Gold Fields' takeover bid [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
all shares of Gold Road for A$2.27 ($1.42) per share plus additional cash related to Gold Road's interest in De Grey Mining. The board unanimously agreed that the offer undervalued the company and was “highly opportunistic”. After receiving the proposal post-market on 7 March 2025, Gold Road's board engaged with Gold Fields but found the offer to be unsatisfactory. The timing of the offer coincided with Gold Road's lower production in the March 2025 quarter due to maintenance issues. Gold Fields, which manages the Gruyere Joint Venture (JV) with Gold Road, made the proposal ahead of exploration results for the potential underground expansion of the Gruyere mine, in which Gold Road currently holds a non-operating JV stake. An 18-month drilling programme is under way to assess the orebody's depth, which is crucial for understanding Gruyere's full potential. The proposed acquisition would have strengthened Gold Fields' ownership of Gruyere, a low-cost, long-life gold mine in Show less Read more
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