Gold Fields Acquires Osisko Mining for $1.57B, Secures Control Over Highly Prospective Windfall Project
Gold Fields Acquires Osisko Mining for $1.57B, Secures Control Over Highly Prospective Windfall Project
$Gold Fields (GFI.US)$ is acquiring Canadian $Osisko Mining Inc (OSK.CA)$ for $1.57 billion in cash. This acquisition gives the South African-based miner full ownership of the Windfall Project in Quebec, one of the developing highest-grade gold deposits.
$金田 (GFI.US)$ 正在收購加拿大 $Osisko Mining Inc (OSK.CA)$ 以157億現金收購。該收購使總部位於南非的礦業公司完全擁有魁北克省風景備受歡迎的黃金礦牀 Windfall 項目。
"We are pleased to consolidate the remaining 50% interest in Windfall and its highly prospective exploration camp," said Gold Fields CEO Mike Fraser.
「我們很高興能夠整合Windfall及其極具潛力的勘探陣營的剩餘50%權益，」 Gold Fields首席執行官邁克·弗雷澤表示。
"Deposits with the scale and quality of Windfall, combined with a world-class jurisdiction like Québec, are extremely rare. This acquisition aligns perfectly with our strategy to improve the quality of our portfolio through investment in high-quality and long-life assets," he added.
「具有Windfall這種規模和質量的礦牀，加上魁北克這樣的世界一流行政區域，極其罕見。這次收購與我們的策略完美契合，通過投資高質量和長壽命週期的資產改善我們的投資組合的質量，」他補充道。
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Two years ago, Gold Fields unsuccessfully attempted to acquire Yamana Gold. Still, its $6.7 billion all-share offer was outbid by a smaller cash and share proposal from Agnico Eagle and Pan American Silver.
兩年前，Gold Fields曾試圖收購Yamana Gold，但其67億美元的全股票報價被Agnico Eagle和Pan American Silver提出的更小額現金和股票報價超過了。
In the current hot M&A market, the company didn't want to risk a similar scenario, offering a 55% premium to Osisko's price from August 9 in cash and securing control over the highly touted Windfall Project.
在當前火熱的併購市場中，該公司不想冒險，以現金支付Osisko 8月9日價格的55%的溢價，控制備受矚目的Windfall項目。
This project, located between Val-d'Or and Chibougamau in Quebec's Abitibi region, is expected to produce approximately 300,000 ounces of gold annually at an all-in-sustaining cost of $758 per ounce.
這個項目位於魁北克省阿比蒂比地區的Val-d'Or和Chibougamau之間，預計每年生產大約30萬盎司的金子，全成本持續費用爲758美元/盎司。
With a projected mine life of 10 years, Windfall is set to become one of the lowest-cost mines in Gold Fields' portfolio.
Windfall計劃生產10年，成爲Gold Fields投資組合中成本最低的礦山之一。
The project boasts probable mineral reserves of 12.18 million tons at 8.06 grams per ton (g/t) gold, translating to 3.16 million ounces, with a projected mine life of 10 years. Moreover, the deposit remains open along strike and at depth, offering significant upside for exploration.
該項目擁有1218萬噸以每噸8.06克的金品位計算的可探明金礦資源，相當於316萬盎司黃金，預計可開採期爲10年。此外，礦牀沿途和深度尚未挖掘，存在大量的勘探上漲空間。
Before the May 2023 joint venture, Osisko invested over C$800 million in the project. Since then, Gold Fields and Osisko have each contributed an additional C$158 million, bringing the total investment to over C$1 billion.
在2023年5月聯合風險投資之前，Osisko在該項目上投資了超過8000萬加元。此後，Gold Fields和Osisko各自增加了1.58億加元的投資，總投資額超過10億加元。
While this acquisition marks a significant expansion for Gold Fields, Fraser indicated that the company may consider divesting certain assets to optimize its portfolio. Specifically, assets in Ghana (Damang) and Peru (Cerro Corona) that are nearing the end of their commercially viable ore lives could be up for sale. However, no definitive decisions have been made.
雖然這次收購標誌着Gold Fields的重大擴張，但弗雷澤表示，該公司可能會考慮剝離某些資產以優化其組合。具體而言，迦納的資產（達曼）和秘魯的資產（Cerro Corona）在其商業可行礦石壽命週期接近結束時可能會出售。然而，尚未做出明確的決定。
The acquisition is subject to shareholder and regulatory approvals, with a shareholder meeting expected in October. Both companies' boards have endorsed the deal.
此次收購需要股東和監管機構批准，預計將於10月舉行股東大會。兩家公司的董事會都已支持這筆交易。
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