The deal will help the South African producer expand its presence in the Americas region, where it already has mines in Chile and Peru
for $2.16-billion , it said on Monday, barely two years after an attempt to buy another Canadian miner was scuppered by a rival offer.
“We understand some of the competitors were attempting to … compete on a share based transaction. They would have probably had to compete at a higher price.”Gold Fields’ $6.7-billion all-share offer to buy Yamana Gold in 2022 failed after the Canadian miner backed a $4.8-billion cash and share bid from Agnico Eagle and Pan American Silver Corp.
Fraser said in an earlier statement that the deal would help Gold Fields take full control of the Windfall Project that it is already developing with Osisko in the province, with production is expected to start in 2026.
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