CAPITAL MARKETS

Gold Fields to pay $575 million for Agnew, St Ives

SOUTH Africa's Gold Fields, the world's third biggest gold producer, has picked up WMC's Agnew and St Ives gold assets for $367 million cash and $106 million in scrip, plus royalties.

MiningNews.Net
Gold Fields to pay $575 million for Agnew, St Ives

WMC said it believes the royalties will add a further $102 million to the price, increasing the total package to about $575 million. The sale will generate a profit before tax of about $140 million,...

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