The original unsolicited, non-binding proposal was valued at $27 billion, or 38.7 billion Australian dollars, representing a 14% premium. It offered Northern Star shareholders AU$7.25 in cash and 0.3125 Gold Fields shares per share, though directors rejected the bid as opportunistic. Northern Star has faced calls for a sale from activist investor Elliott Investment Management and has encountered production issues at its Kalgoorlie processing plant in Western Australia.
Wednesday, October 21, 2026
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Gold Fields Plans Higher $27B Bid to Forge World No 2 Gold Miner
Business21 days ago
Sources with knowledge of the matter say the South African miner is exploring a more attractive offer for Northern Star Resources to overcome a board refusal to negotiate. Gold Fields intends to revise its terms to successfully acquire the Australian company and establish the world's second-largest gold mining operation. The board of Northern Star had previously informed the suitor on Friday that it did not consider it appropriate to engage further on the matter.
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