139-year-old South African gold miner doubles down on R445 billion deal for Australian giant

Despite a unanimous board rejection, South African gold miner Gold Fields is doubling down on its proposed R445 billion takeover of Australian giant Northern Star Resources. The deal, which would create the world's second-largest gold producer, poses significant jurisdictional and operational risks to Northern Star's shareholders. As the company's share price plummeted 15% in a single day, Gold Fields CEO Mike Fraser vowed to continue engaging with Northern Star, underscoring the stakes of this high-stakes acquisition.