Gold Fields sells down Gold Road stake

SOUTH African producer Gold Fields has sold its 10% stake in Gold Road Resources.

Gold Fields sells down Gold Road stake Gold Fields sells down Gold Road stake Gold Fields sells down Gold Road stake Gold Fields sells down Gold Road stake Gold Fields sells down Gold Road stake

Gold Fields executive vice president Australasia Stuart Mathews (left) with Gold Road managing director Duncan Gibbs at Gruyere

Gold Fields appointed Macquarie Capital to sell the stake via an underwritten bookbuild after market close yesterday.

The 87.1 million shares sold for A$1.45 each for proceeds of $126.3 million.