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’s projects in Quebec would also help it “firmly solidify” its footprint in one of…
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South African miner Gold Fields has confirmed the early retirement of its chief financial officer and executive director Paul Schmidt. The company said Schmidt will also be stepping down from its board of directors. Both changes were effective 30 April, though he will remain with the company through 30 June. Alex Dall, currently the vice president of Corporate Finance, has…
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Gold Fields has started production at its Salares Norte mine in Chile’s Atacama province with the pouring of its first gold-silver doré on 28 March. “Salares Norte’s construction is credit to the innovation, experience, commitment, and persistence of the teams that worked on the project. To build a remote mine at 4,500m above sea level with winter temperatures as low…
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While it first estimated the start of gold in early 2023, Gold Fields has again confirmed a delay in the first production at its Salares Norte project in Chile, citing delays in pre-commissioning and commissioning activities. The Johannesburg company said it is now eyeing April 2024 for first gold, and it has already adjusted its whole-year volumes down to between…
Read MoreGlobal miner Gold Fields has agreed to acquire Canadian-based Yamana Gold in an all-share deal that values the latter at US$6.7 billion. The transaction will make Gold Fields a top-four global gold major. Gold Fields said the acquisition significantly strengthens its ability to deliver on its three strategic pillars: maximizing asset potential, advancing ESG commitment, and growing the value and…
Read MoreGold Fields has entered an order with ABB to bring a power and automation system to its remote Salares Norte project in the Atacama Desert of northern Chile. The scope of the work includes six electrical rooms and an integrated digital system based on ABB’s Ability 800xA distributed control system (DCS) and will serve to help the mine’s location and…
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