Gold Fields, Gold Road Relationship Turning Frosty -- Market Talk

Dow Jones

Mar 25, 2025

2206 GMT - Gold Fields' decision to go public with its unsuccessful takeover proposal for Gold Road worth A$3.05/share signals more than just frustrated ambition, suggests Jefferies. Gold Fields owns 50% of the Gruyere gold project in Australia, with Gold Road owning the rest. "More than anything the announcement demonstrates the deterioration of the relationship to the point where grievances are now being aired publicly," analyst Mitch Ryan says. Jefferies says the bid's timing is highly opportunistic because a study into a potential underground expansion of Gruyere has not yet been released. "As such, we would prefer to see Gold Road as operators of the consolidated asset," it adds. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 24, 2025 18:06 ET (22:06 GMT)

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Gold Fields owns 50% of the Gruyere gold project in Australia, with Gold Road owning the rest. \"More than anything the announcement demonstrates the deterioration of the relationship to the point where grievances are now being aired publicly,\" analyst Mitch Ryan says. Jefferies says the bid's timing is highly opportunistic because a study into a potential underground expansion of Gruyere has not yet been released. \"As such, we would prefer to see Gold Road as operators of the consolidated asset,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 18:06 ET (22:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Fields, Gold Road Relationship Turning Frosty -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Fields, Gold Road Relationship Turning Frosty -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-25 06:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2206 GMT - Gold Fields' decision to go public with its unsuccessful takeover proposal for Gold Road worth A$3.05/share signals more than just frustrated ambition, suggests Jefferies. Gold Fields owns 50% of the Gruyere gold project in Australia, with Gold Road owning the rest. \"More than anything the announcement demonstrates the deterioration of the relationship to the point where grievances are now being aired publicly,\" analyst Mitch Ryan says. Jefferies says the bid's timing is highly opportunistic because a study into a potential underground expansion of Gruyere has not yet been released. \"As such, we would prefer to see Gold Road as operators of the consolidated asset,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 18:06 ET (22:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GFI","symbol_name":"金田","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522086267","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522086267","pubTimestamp":1742853960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2206 GMT - Gold Fields' decision to go public with its unsuccessful takeover proposal for Gold Road worth A$3.05/share signals more than just frustrated ambition, suggests Jefferies. Gold Fields owns 50% of the Gruyere gold project in Australia, with Gold Road owning the rest. \"More than anything the announcement demonstrates the deterioration of the relationship to the point where grievances are now being aired publicly,\" analyst Mitch Ryan says. Jefferies says the bid's timing is highly opportunistic because a study into a potential underground expansion of Gruyere has not yet been released. \"As such, we would prefer to see Gold Road as operators of the consolidated asset,\" it adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GFI":"金田","BK4017":"黄金","GOR.AU":"GOLD ROAD RESOURCES LTD","BK7104":"黄金","BK7506":"金矿股","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU1223082519.USD":"SCHRODER ISF GLOBAL GOLD \"A\" (USD) INC AV","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU1223082196.USD":"施罗德环球黄金A Acc"},"translate_title":"金矿、金路关系变得冷淡——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GFI":1,"GOR.AU":0.9},"content_text":"2206 GMT - Gold Fields' decision to go public with its unsuccessful takeover proposal for Gold Road worth A$3.05/share signals more than just frustrated ambition, suggests Jefferies. Gold Fields owns 50% of the Gruyere gold project in Australia, with Gold Road owning the rest. \"More than anything the announcement demonstrates the deterioration of the relationship to the point where grievances are now being aired publicly,\" analyst Mitch Ryan says. Jefferies says the bid's timing is highly opportunistic because a study into a potential underground expansion of Gruyere has not yet been released. \"As such, we would prefer to see Gold Road as operators of the consolidated asset,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2025 18:06 ET (22:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}