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South Africa's Gold Fields to acquire Canadian miner Osisko for $1.57 bln
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South Africa's Gold Fields to acquire Canadian miner Osisko for $1.57 bln
Aug 11, 2024 10:37 PM

Aug 12 (Reuters) - Gold Fields Ltd has agreed

to acquire Osisko Mining ( OBNNF ) for about C$2.16 billion

($1.57 billion) on a fully diluted basis, the Canadian firm said

on Monday.

The Johannesburg-based gold producer said it will pay the

Canadian miner C$4.90 per share, a 55% premium to Osisko's

August 9 trading price, it said in a statement.

($1 = 1.3731 Canadian dollars)

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