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An update from Gold Road Resources Ltd ( (AU:GOR) ) is now available.
Gold Road Resources Ltd has announced a special dividend of $0.43694 per share, contingent on the successful acquisition by Gruyere Holdings Pty Ltd, a subsidiary of Gold Fields Limited. This acquisition, structured as a scheme of arrangement, will see Gold Fields acquire all shares of Gold Road. The special dividend will be paid in cash, and the company’s Dividend Reinvestment Plan has been suspended. The scheme’s implementation is subject to shareholder approval and regulatory processes, with a detailed timetable provided for key dates. The board recommends shareholders vote in favor of the scheme, barring any superior proposals.
The most recent analyst rating on (AU:GOR) stock is a Hold with a A$3.40 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. It is involved in the development of the Gruyere Gold Project in Western Australia, in collaboration with Gold Fields Limited.
YTD Price Performance: 68.79%
Average Trading Volume: 5,487,670
Technical Sentiment Signal: Buy
Current Market Cap: A$3.74B
For an in-depth examination of GOR stock, go to TipRanks’ Overview page.