{"id":8286,"date":"2024-09-03T19:56:06","date_gmt":"2024-09-03T19:56:06","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=8286"},"modified":"2024-09-03T19:56:16","modified_gmt":"2024-09-03T19:56:16","slug":"gold-fields-buys-osisko-mining","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2024\/09\/03\/gold-fields-buys-osisko-mining\/","title":{"rendered":"Gold Fields buys Osisko Mining"},"content":{"rendered":"

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South African-based Gold Fields has agreed to acquire Canadian miner Osisko Mining for C$2.16 billion ($1.57 billion), reported Reuters<\/em>. The cash deal will help Gold Fields expand its presence in the Americas region, where it already has mines in Chile and Peru.<\/p>\n\n\n\n

Gold Fields said Osisko\u2019s projects in Quebec would also help it \u201cfirmly solidify\u201d its footprint in one of the largest gold deposits in Canada. The gold producer is already developing the Windfall project with Osisko in the province, with production expected to start in 2026.<\/p>\n\n\n\n

The deal will be funded from Gold Fields\u2019 cash and undrawn bank facilities with additional financing from a group of lenders. However, Fraser said Gold Fields may consider selling assets such as the Damang and Cerro Corona gold mines in Ghana and Peru, respectively, that are running out of commercially viable ore. No final decision has been made yet.<\/p>\n","protected":false},"excerpt":{"rendered":"

South African-based Gold Fields has agreed to acquire Canadian miner Osisko Mining for C$2.16 billion ($1.57 billion), reported Reuters. The cash deal will help Gold Fields expand its presence in the Americas region, where it already has mines in Chile and Peru. Gold Fields said Osisko\u2019s projects in Quebec would also help it \u201cfirmly solidify\u201d its footprint in one of…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[3220,1284,3219],"coauthors":[1633,1644],"class_list":["post-8286","post","type-post","status-publish","format-standard","hentry","category-the-headlines","tag-gold-deposits","tag-gold-fields","tag-osisko-mining"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t