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Gold Fields denies rumours of merger with AngloGold - Moneyweb

Wednesday, 23 January 2019

Gold Fields said on Tuesday that rumours it was looking to merge with rival bullion firm AngloGold Ashanti were “absolutely false” after shares of both companies firmed on speculation of a merger.

Shares in Gold Fields closed up 3.86% higher at R51.06 and AngloGold shares jumped 2.40% to R170.00.

“The share price did react fairly sharply after that,” said Ryan Woods, trader at Independent Securities, referring to speculation about a merger.

AngloGold, Africa’s biggest gold miner, declined to comment on speculation it was looking at a tie-up.

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