Gold Fields takes a stake in JV partner

May 18, 2017

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South African gold major Gold Fields has taken a 10% shareholding in ASX-listed joint venture (JV) partner Gold Road Resources.

Gold Road on Friday announced that Gold Fields had acquired some 74.8-million shares in the company, at a price of 86c each, representing a premium of 27% to Gold Road’s closing price on May 18.

Category: General