A small toy figure and gold imitation are seen in front of the Gold Fields logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/
MELBOURNE: South Africa’s Gold Fields will acquire Gold Road Resources in a sweetened deal valuing the Australian miner’s equity at A$3.7bil (US$2.39bil), Gold Road says, as sky-high bullion prices drive a wave of tie-ups.
Gold Road’s shares rallied as much as 12% on the offer, which was pitched at a 14.5% premium to the company’s last closing price.
