Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Gold Road Resources Limited (Gold Road) on its proposed acquisition by Gold Fields Limited (Gold Fields) for A$3.7 billion.
Under the proposed transaction, Gold Fields, a globally diversified gold producer, is to acquire 100% of the issued share capital in Gold Road via a scheme of arrangement for fixed cash consideration of A$2.52 per share (less any special dividend paid prior to implementation of the scheme) plus a variable cash component equal to the full value of each Gold Road shareholders’ proportionate holding in Northern Star Resources Ltd – Gold Road has a 3.4% shareholding in Northern Star following Northern Star’s acquisition of De Grey Mining Ltd in April 2025 (a company in which Gold Road previously held a 18% shareholding).
Gold Fields is Gold Road’s 50% joint venture partner in, and the operator of, the Gruyere Gold Mine – a Tier 1 gold mine in Western Australia. The proposed transaction is expected to complete in October this year.
Led by partner Russell Philip, Corrs advised Gold Road on all aspects of the transaction with support from a range of experts across the firm.
Commenting on the matter, lead partner Russell Philip said: “We are delighted to have advised Gold Road on this significant transaction, which enables Gold Road shareholders to accelerate the realisation of the value of Gruyere in a strong gold price environment. The fixed and variable nature of the cash consideration payable under the transaction ensures that Gold Road shareholders retain some ongoing exposure to the gold price up to completion of the transaction via Gold Road’s shareholding in Northern Star.
“The transaction exemplifies Corrs as a trusted advisor on high-profile, significant M&A transactions in the energy and resources sector.”