The investment gives Gold Fields an entry point into the Canadian mining sector, which it has coveted for years
Gold Fields said it would pay an initial C$300-million to acquire 50 per cent of the project, with an additional C$300-million payable once the Canadian government has issued construction and operating permits.
Gold Fields missed out on a Canadian asset last November when its bid to acquire Yamana Gold was hijacked by Agnico Eagle and Pan American Silver Corp. “We are very pleased to be partnering with Osisko to bring the high-quality Windfall Project into production and believe that this will be the first mine of several in this partnership in a highly prospective region,” Preece said in a statement.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mining hall of fame seeking nomineesDeadline to nominate candidates to Canadian Mining Hall of Fame is May 1
Read more »
Chile's mining sector contracts 9% in March as copper production down 5% - reportA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Indigenous leaders from U.S., Canada ramp up pressure for probe into toxic mining runoff from B.C.The Indigenous leaders want Prime Minister Justin Trudeau and B.C. Premier David Eby to agree to a bilateral investigation under a long-standing transborder water treaty
Read more »
Peru's mining sector expands in March as copper production up 20%A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Mining hall of fame seeking nomineesDeadline to nominate candidates to Canadian Mining Hall of Fame is May 1
Read more »
Australian Strategic Materials sources rare earth feedstock from VietnamA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »