JOHANNESBURG Feb 17 (Reuters) – Gold Fields
said on Friday it would exercise its option to take a 60 percent
stake in an undeveloped gold-copper deposit in the Philippines.
“It is anticipated that Gold Fields will exercise the option
and make payment of the final installment of $220 million to
acquire 60 percent,” the company said in a results presentation.
Gold Fields reported a 26 percent rise in quarterly earnings
on Friday, in line with expectations as its results were lifted
by a favorable exchange rate.
(Reporting by Ed Stoddard)
© Thomson Reuters 2012 All rights reserved
