Gold Fields to acquire Canada's Osisko Mining for R29bn

Stephen Grootes speaks to Mike Fraser, CEO of Gold Fields.

Listen to the interview in the audio player below. 

Gold prdoucer, Gold Fields on Monday announced it's reached an agreement to acquire Canadian mining company Osisko Mining for R29bn.

The buyout also means that Gold Fields will also obtain 100% ownership of the Windfall gold project in Canada. 

The Windfall Project is expected to produce about 300,000oz of gold a year.

The deal will see Gold Fields buy Osisko’s remaining shares at C$4.90 per share.

In 2023, Gold Fields bought the initial 50% stake in the company.

Mike Fraser, CEO at Gold Fields joined Stephen Grootes on The Money Show to discuss their latest acquisition and the company's long-term plans.

"It's very rare that we have an opportunity to acquire an asset of this calibre."

- Mike Fraser, CEO - Gold Fields

"...if you look at our investment in Windfall, certainly if we found assets like that in South Africa, we wouldn't be afraid to look for them."

- Mike Fraser, CEO - Gold Fields

"We're very comfortable with our position. We're proudly South African. We retain our primary listing here..."

- Mike Fraser, CEO - Gold Fields

Scroll to the top to listen to the full interview.