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Maroc Maroc - Daily Maverick - A La Une - 12/Aug 17:03

COMPANIES: Gold Fields to acquire Canada’s Osisko Mining for R29bn in cash to assume control of Windfall project

Gold Fields is hoping for a windfall with its $C2.16-billion (R28.6-billion) cash deal to acquire Canada’s Osisko Mining. The big prize is the high-grade Windfall project in Quebec. CEO Mike Fraser, who assumed the helm of Gold Fields in January, has wasted little time in making a big deal, and, pointedly, cash is king.

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