Australia's Gold Road rises on rejecting takeover bid, strong bullion prices

Gold Road Resources

28/03/2025 24:22

** Shares of Gold Road Resources GOR.AX rise as much as 1% to A$2.96

** Stock has gained 24.6% so far this week, and set for its strongest week since November 7, 2022, if current trend holds

** The gold miner on Tuesday rejected Johannesburg-listed Gold Fields' GFIJ.J $2.1 billion takeover bid, sending shares to a lifetime high

** Co also buoyed by bullion prices hitting a record high as investors flock to the safe-haven asset on tariff worries GOL/

** Stock up 44.6% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))