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Gold Road chief executive lashes ‘aggressive’ $3.3b takeover bid

Mark Wembridge
Mark WembridgeResources reporter
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Gold Road Resources chief executive Duncan Gibbs says a $3.3 billion takeover bid from Gold Fields is too low, describing the proposal from the Johannesburg-listed miner as extremely aggressive and hostile.

The South African group lobbed the bid on Monday in the midst of a frenzy of transactions in the gold sector. Separately, the largest ASX-listed gold producer, Northern Star, had made a $5 billion takeover offer for De Grey Mining, in which Gold Road owns a 17.3 per cent stake.

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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
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    Original URL: https://www.afr.com/companies/mining/gold-road-chief-executive-lashes-out-at-3-3b-hostile-bid-20250325-p5lmaj