Gold Fields looks to more deals down under, CEO Holland says

|About: Gold Fields Limited (GFI)|By:, SA News Editor

South Africa's Gold Fields (GFI) will consider placing more bets on Australia, CEO Nick Holland says, even though this month’s $300M purchase of three mines from Barrick Gold (ABX) means it now generates 40% of its gold output in the country.

Holland says GFI won’t shy away from more purchases, including any more assets ABX may look to sell as part of its cost-cutting strategy, and it has the firepower to make such deals despite net debts of ~$1.7B.

GFI +2.2% premarket.