Gold Fields Limited Sponsored ADR Stock News

Australia's top gold producer Northern ‌Star Resources said it rejected an unsolicited A$38.7 billion ($27.1 billion) takeover proposal from South Africa's Gold Fields , the latest sign of consolidation pressure in the gold sector.

Northern Star Resources rejected the takeover proposal saying it was highly opportunistic and materially undervalued the company.

Shares in Northern Star Resources Ltd (ASX:NST) surged nearly 11% to $24.46 after the gold producer rejected what it described as a “highly opportunistic” takeover approach from South Africa's Gold Fields. Northern Star said it received and rejected the indicative proposal on September 14, arguing the offer materially undervalued the company and failed to reflect the fundamental value of its as...

Gold Fields' proposal initially valued Northern Star at A$38.7 billion, representing a 22% premium to its Sept. 11 closing price.

The company more than doubled its interim dividend and said it would return an additional $500 million to shareholders over the year.

Gold Fields NYSE: GFI reported a “solid start” to 2026, with Chief Executive Officer Mike Fraser saying the miner remains on track to meet its full-year production and cost guidance despite operational disruptions at several mines and rising input-cost pressures.