JOHANNESBURG, Nov. 14, 2016 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) notes recent press reports regarding
proposals made jointly by it and Silver Standard Resources Inc.
(Silver Standard) (TSX: SRO, Nasdaq: SSRI) to acquire all of the
outstanding shares of Kirkland Lake Gold Inc. (Kirkland Lake) (TSX: KLG), as well as
Kirkland Lake's 11 November 2016 news release acknowledging these
reports.
In accordance with its ongoing disclosure obligations, Gold
Fields confirms that its wholly-owned subsidiary, Gold Fields
Netherlands Services B.V., has made three successive non-binding
proposals jointly with Silver Standard to Kirkland Lake to acquire all of the
outstanding shares of Kirkland Lake pursuant to a negotiated plan
of arrangement for consideration consisting of cash and shares of
Silver Standard or a combination thereof. Its most recent proposal
is valued at C$1.44 billion
(US$1.07 billion) in aggregate.
Gold Fields further confirms that the Kirkland Lake board has advised that it
determined that each of these joint proposals was not reasonably
expected to result in a Superior Proposal relative to Kirkland Lake's previously announced
combination with Newmarket Gold Inc. (Newmarket) (TSX: NMI), and that accordingly it
would not be engaging in any discussions with Gold Fields or Silver
Standard or providing them with due diligence access.
Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified
producer of gold with eight operating mines in Australia, Ghana, Peru
and South Africa with attributable
annual gold production of approximately 2.0 million ounces. It has
attributable Mineral Reserves of around 46 million ounces and
Mineral Resources of around 102 million ounces. Attributable copper
Mineral Reserves total 532 million pounds and Mineral Resources
5,912 million pounds. Gold Fields has a primary listing on the JSE
Limited, with secondary listings on the New York Stock Exchange
(NYSE) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 81 354 0236
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.com
SOURCE Gold Fields Limited