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0.000326157860404487 -0.000326157860404371 -0.000652315720808858 -0.00163078930202209 0.00489236790606661 0.00619699934768432 0.00587084148727983 0.00129810828440964
Stock impact report

Gold Fields (GFI) Sells Its Interest in Asanko JV to Galiano [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
GAU and its subsidiaries. This move aligns with Gold Fields' broader strategy to optimize its portfolio and focus on core assets. On Dec 22, 2023, the company announced that GAU would pay another Gold Fields subsidiary, Gold Fields Orogen Holding Limited ("GF Orogen") and an affiliate an aggregate cash purchase price of $150 million. The initial cash consideration of $65 million was paid on the closing date of the transaction. The transaction was closed on Mar 4, 2024. Galiano will also pay the first deferred consideration of $25 million on or before Dec 31, 2025, and a second deferred consideration of $30 million on or before Dec 31, 2026. Gold Fields will also receive $30 million when 100,000 ounces of gold are produced from the Nkran deposit, which is part of the Asanko gold mine. It will gain a 1% net smelter returns royalty on the Nkran Deposit, beginning with the production of 100,000 ounces of gold and ending with the production of 547,000 ounces. GFI received $20 milli Show less Read more
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