Gold Fields joins Gold Road at Gruyere

SOUTH African major Gold Fields will pay $A350 million for a 50% stake in Gold Road Resources’ undeveloped Gruyere gold project.

Gold Fields joins Gold Road at Gruyere Gold Fields joins Gold Road at Gruyere Gold Fields joins Gold Road at Gruyere Gold Fields joins Gold Road at Gruyere Gold Fields joins Gold Road at Gruyere

The cash consideration will comprise $250 million payable on completion of the deal and an additional $100 million during the construction phase to help Gold Road meet its commitments.