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Gold Road Resources Ltd ( (AU:GOR) ) has issued an update.
Gold Road Resources Ltd has announced that the Supreme Court of Western Australia has approved the convening of a scheme meeting and the release of a scheme booklet regarding the proposed acquisition of the company by Gruyere Holdings Pty Ltd, a subsidiary of Gold Fields Limited. This acquisition, structured as a scheme of arrangement, will be voted on by shareholders in a meeting scheduled for September 22, 2025. The scheme booklet, which will be distributed to shareholders, contains essential information about the acquisition, including an independent expert’s report and voting instructions. The acquisition is expected to impact Gold Road’s operations and market positioning significantly, as it will become fully owned by Gold Fields, enhancing its strategic alignment within the gold mining sector.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
More about Gold Road Resources Ltd
Gold Road Resources Ltd is a company operating in the mining industry, primarily focused on gold exploration and production. The company is known for its significant stake in the Gruyere Gold Project, located in Western Australia, which is a joint venture with Gold Fields Limited.
Average Trading Volume: 6,731,327
Technical Sentiment Signal: Buy
Current Market Cap: A$3.54B
See more insights into GOR stock on TipRanks’ Stock Analysis page.