Gold Fields sells stake in Rusoro Mining

Bullion miner Gold Fields has sold its entire shareholding in Rusoro Mining – a gold producer and explorer with a large land position in Venezuela – for an initial $62.3-million, it announced on Wednesday.

Gold Fields Netherlands, a wholly owned indirect subsidiary of Gold Fields, entered into a share purchase agreement with Delaware limited liability company Fulcrum to sell 140-million shares in the capital of Rusoro at about $0.45 a share.