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Gold Road Resources Ltd ( (AU:GOR) ) just unveiled an announcement.
Gold Road Resources Ltd has announced that it has received approval from the Foreign Investment Review Board (FIRB) for its acquisition by Gold Fields Limited through a scheme of arrangement. This approval satisfies a key condition for the acquisition, which still requires shareholder and court approval. The board of Gold Road unanimously recommends shareholders vote in favor of the scheme, highlighting its strategic importance for the company’s future growth and positioning 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. It is involved in the development and operation of gold mining projects, with a market focus on expanding its gold assets and production capabilities.
Average Trading Volume: 8,433,700
Technical Sentiment Signal: Buy
Current Market Cap: A$3.57B
See more data about GOR stock on TipRanks’ Stock Analysis page.