Date Announced

August 12, 2024

Lead Office

Vancouver

Value

2.16 Billion CAD

On August 12, 2024, Gold Fields Limited (“Gold Fields”) announced a definitive agreement to acquire all common shares of Osisko Mining Inc. ("Osisko") listed on the Toronto Stock Exchange. The purchase price is set at C$4.90 per share, amounting to a total cash consideration of C$2.16 billion. With the completion of the transaction, Gold Fields will consolidate its 50% partnership with Osisko over the Windfall Project in Istchee James Bay, Québec, into a full ownership.

The Windfall Project boasts significant gold resources, with measured and indicated resources of 4.1 million ounces and inferred resources of 3.3 million ounces, while the feasibility study estimates an average annual production of 306,000 ounces of gold over the mine’s lifespan.

Gold Fields, headquartered in Johannesburg, South Africa, is a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana, Peru and an advanced development project in Chile.

Osisko, based in Toronto, Ontario, is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada.

McCarthy Tétrault is advising Gold Fields with a team led by Roger Taplin and Claire Lehan that includes Dominique Amyot-Bilodeau, David Woollcombe, D.J. Lynde, Charles-Étienne Pressé, Dominique Grégoire, Kevin Gao, Konstantin Sobolevski, Joe Furness, Zach Kroll, Anne-Marie McDonald, Quentin Pérès, Vincent Couto (Business), Geneviève Lille, Kassandra Grenier, Marie-Soleil Landry, Raj Juneja, Randy Schwartz, Camille Belanger (Tax), Joannie Jacques, Nicholas Alevras (Real Property & Planning), Caroline-Ariane Bernier (Labour & Employment), Sandra Lemieux (Litigation) and Martine Gosselin (Environmental).