Gold Fields delays first gold at Salares Norte

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…

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Gold Fields to acquire Yamana Gold in $6.7 billion stock deal

Global 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…

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ABB to power, automate Gold Fields’ Salares Norte

Gold 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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