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Stock impact report

Bonterra Announces Additional Assay Results from Moss Target and Restart of Drilling by Gold Fields at Phoenix JV [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
pleased to announce additional assay results from the Moss target and the restart of drilling by a 100% indirect subsidiary of Gold Fields Ltd (" Gold Fields " or the " Operator ") at the Phoenix JV (formerly known as the Urban-Barry Property) (the " Project "). The Project is under a definitive earn-in and joint venture agreement (the " JV Agreement ") with Osisko Mining Inc., which is now Gold Fields. Under the JV Agreement, Gold Fields has the right to acquire up to a 70% interest in the Project by spending C$30 million in work expenditures, with a minimum spending commitment of C$10 million per year over a three-year period (see press release dated November 28, 2023, for more details). Marc-André Pelletier, President and CEO commented: "The start of exploration activities under Gold Fields as the new operator marks an exciting milestone for the Phoenix JV. Gold Fields' 2025 program is focused on advancing the understanding of the regional geology and identifying new exploration Show less Read more
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