Original article by Mark Wembridge
The Australian Financial Review – Page: 13 & 16 : 14-Oct-26

Gold Fields’ CEO Mike Fraser has revealed that it had initially approached Northern Star Resources about a merger in 2025. Fraser adds that South Africa-based Gold Fields has scope to increase the cash component of its latest bid, which was valued at $38.7bn at the time it was announced in September. Morgans Financial mining analyst Annabelle Sleeman says Gold Fields will need to increase both the headline price and cash component of its takeover bid; she adds that a rival bid for Northern Star is possible. Meanwhile, Fraser has indicated that Gold Fields has discussed selling some of Northern Star’s assets if its bid succeeds.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, GOLD FIELDS LIMITED