Griffith will leave his role effective Dec. 31, a month after the South African gold miner’s planned acquisition fell through, the company said. Gold Fields shares were down 5 per cent by 0953 GMT.
Two top Gold Fields shareholders, Red Wheel Capital and VanEck, had publicly opposed the deal, which was scuppered last month when Yamana backed a rival $4.8-billion takeover bid from Agnico Eagle and Pan American Silver Corp. Preece will join the company’s board of directors on Jan. 1 and has its full support, Gold Fields said. Griffith, who joined Gold Fields in April 2021, will also step down from the board.
Something JustinTrudeau could do to help Canada move forward ….
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