Gold Fields to acquire Gold Road Resources for AUD3.7bn

Gold Fields has announced a definitive agreement to acquire 100% of Gold Road Resources for A$3.7 billion. Under the scheme, Gold Road shareholders will receive a cash consideration of A$3.40 per share, comprising a fixed cash portion of A$2.52 and a variable cash portion linked to Gold Road's shareholding in Northern Star Resources Ltd. The Gold Road Board has unanimously recommended that Gold Road shareholders vote in favour of the Scheme. Gold Fields expects to complete the transaction in the second half of 2025, and will use new bridge financing for the full transaction consideration. UniSuper Limited and Yarra Capital Management Group, representing approximately 7.51% of Gold Road's issued capital, have expressed support for the scheme. The transaction remains subject to regulatory approvals and customary closing conditions.