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Precious Metals M&A image Precious Metals M&A » By The Online Investor Staff, updated Sat., Apr. 17, 8:49 AM Recent mergers and acquisitions in the Precious Metals M&A category.

Slide #61. Gold Fields Barrick's Granny Smith, Lawlers and Darlot Gold Mines in Western Australia

Acquirer: Gold Fields (NYSE:GFI)
Acquiree: Barrick's Granny Smith, Lawlers and Darlot Gold Mines in Western Australia
Details: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has entered into a binding sale and purchase agreement with Barrick Gold Corporation (Barrick) to acquire its interests in the Granny Smith, Lawlers and Darlot gold mines (collectively the Yilgarn South Assets) in Western Australia, for a consideration of US$300 million, subject to downward working capital adjustments to a maximum of US$30 million.

Gold Fields is a producer of gold and a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, Co. also produces copper. Co. is primarily involved in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing and smelting. Co.'s South African operation is South Deep. Co. also owns the St Ives, Agnew, Granny Smith and Gruyere gold mining operations in Australia, Tarkwa and Damang mines in Ghana and Asanko mine in Ghana. Co. also owns the Cerro Corona mine in Peru.

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Company Name: 
Gold Fields Ltd.
Website: 
www.goldfields.com
Sector: 
Precious Metals
Number of ETFs Holding GFI: 
6
Total Market Value Held by ETFs: 
$779.27M
Total Market Capitalization: 
$5.11B
% of Market Cap. Held by ETFs: 
15.25%
 

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Quotes delayed 20 minutes



Buy (2.67 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)

Analysts' Target Price:
GFI Stock Forecast

Based on Zacks ABR data;
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