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Gold Fields Raises Stake in Suriname Explorer Founders for $55.7M

Gold Fields logoGold Fields
Sig2.67Sen+3.73Env+0.07Soc0.00Gov+0.53

Gold Fields will invest $55.7 million to increase its stake in Suriname explorer Founders Metals to just under 20%, buying 14.1 million shares at $5.44 each. The funding supports Founders’ buyout of Nana Resources’ 30% interest in the Antino project for $17 million plus shares and up to $21 million in milestones, after recent Antino Northeast drill results.

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