GOLD Fields has secured complete ownership of the Gruyere gold operation after Gold Road Resources shareholders overwhelmingly endorsed the South African company’s $3.8bn acquisition offer. Gold Road and Gold Fields previously held equal stakes in the Western Australian mine, though the Johannesburg-listed giant maintained operational control throughout their partnership. The deal approved today represents a significant improvement from Gold Fields’ initial $3.31bn approach in March, which Gold Road CEO Duncan Gibbs dismissed as both a “low ball” offer and aggressive “bear-hug” tactic. Mike Fraser, CEO of Gold Fields told Miningmx that there was major value to flow from owning all of Gruyere. The conclusion of the Gold Road takeover comes on the day the gold price pushed upwards to yet another record.