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

PUBLIC · GFIAug 23, 2024

Acquiring Company

Gold Fields Ltd

Acquired Company

Osisko Mining

South AfricaTorontoMiningPrecious MetalsMineralMiningPrecious MetalsMineral

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.

Quick answer

Gold Fields Ltd is acquiring Osisko Mining for $1.6 billion, announced August 23, 2024. Gold Fields Ltd is based in South Africa.

How much did Gold Fields Ltd pay for Osisko Mining?
The reported deal value is $1.6 billion.
What does Gold Fields Ltd do?
Gold Fields has nine operating mines in Australia, Peru, South Africa and Ghana (including the Asanko JV) and two projects in Canada and Chile.
Where are Gold Fields Ltd and Osisko Mining based?
Gold Fields Ltd is based in South Africa. Osisko Mining is based in Toronto, Ontario, Canada.
Who are the decision-makers at Gold Fields Ltd?
Fundz holds 5 contacts at Gold Fields Ltd. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Gold Fields Ltd

Location

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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Frequently asked

Who acquired Osisko Mining?

Osisko Mining was acquired by Gold Fields Ltd, based in South Africa. The deal was reported on August 23, 2024. Gold Fields has nine operating mines in Australia, Peru, South Africa and Ghana (including the Asanko JV) and two projects in Canada and Chile. Gold Fields Ltd is publicly traded (GFI) and operates in Mining.

When did Gold Fields Ltd acquire Osisko Mining?

Gold Fields Ltd's acquisition of Osisko Mining was reported on August 23, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Osisko Mining do?

Osisko Mining Inc. is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. It is privately held, operating in Mining, and is based in Toronto.

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