Gold Field’s $3.8 billion takeover of Gold Road Resources gets overwhelming shareholder approvalAdrian RausoThe West AustralianMon, 22 September 2025 4:44PMEmail Adrian Rauso
The Gruyere gold mine is now under the full control of South Africa’s Gold Fields after Gold Road Resources’ shareholders gave a multi-billion-dollar acquisition the thumbs-up.
More than 99 per cent of votes cast were in favour of the $3.8 billion cash and scrip buyout.
Gold Road and Gold Fields split the riches from Gruyere evenly, but the latter has always operated the large Goldfields mine.
Johannesburg-listed Gold Fields had initially sought to acquire West Perth’s Gold Road with a $3.31b move the takeover target’s chief Duncan Gibbs in March labelled as both “low ball” and a “bear-hug”.
A new and improved deal was agreed in May, which put a pin in tensions that had festered since first gold was poured at Gruyere in 2019.
Mr Gibbs complained for years that Gold Fields was not getting the best out of the Gruyere orebody and the barbs became sharper when the South African behemoth in March aired out its offer to absorb Gold Road.
Gold Road was a major investor in De Grey Mining and gained a stack of shares in Northern Star when the local large cap bought out De Grey in a $6b all-scrip deal.
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