Northern Star Rejects Gold Fields' $27 Billion Acquisition Bid

By EC Assets · Published 28 September 2026

Northern Star Resources rejected a $27 billion takeover proposal from Gold Fields. The Australian gold miner described the offer as "highly opportunistic" and one that "materially undervalues" its asset base. Gold Fields' approach aimed to create the world's second-largest gold miner. Northern Star, Australia's biggest gold miner, received a cash-and-shares takeover approach. This offer from South Africa's Gold Fields valued Northern Star at A$38.7 billion. Northern Star Resources' shares experienced a pop following the rejection of the $27 billion takeover proposal. The proposal sought to acquire Northern Star. Gold Fields, a South Africa-listed company, initiated the potential acquisition. Northern Star Resources is listed on the ASX. This article is intended for informational purposes only. It does not constitute investment advice.