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Gold Fields acquires Canadian gold miner Osisko Mining in $1.57 billion deal

Aug 23, 2024over 1 year ago

Acquiring Company

Gold Fields

Acquired Company

Osisko Mining

JohannesburgTorontoMineralPrecious MetalsMineralPrecious MetalsMining

Description

South African gold miner Gold Fields has acquired Canada’s Osisko Mining in an all-cash deal worth $1.57 billion, gaining full control over the development of one of Canada’s largest gold deposits, Windfall. This strategic acquisition reinforces Gold Fields’ position as one of the world’s leading gold miners and expands its presence in the Canadian mining sector.

Company Information

Company

Gold Fields

Location

Johannesburg, Gauteng, South Africa

About

Gold Fields has nine operating mines in Australia, Peru, South Africa and Ghana (including the Asanko JV) and two projects in Canada and Chile. We have total attributable annual gold-equivalent production of 2.40Moz, attributable gold Mineral Reserves of 46.1Moz and Mineral Resources of 42.3Moz (excluding Mineral Reserves).

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed