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0 -0.00154679040989943 0.00077339520494985 0.00232018561484928 0.00618716163959784 0.0154679040989947 0.0201082753286931 0.037509667440062
Stock impact report

Gold Fields may sell smaller mines to focus on new Canadian Osisko assets [Globe and Mail, The (Toronto, Canada)]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
on bigger operations and is hoping to make new mineral discoveries at both mines to enhance their appeal, CEO Mike Fraser said on Thursday. The Johannesburg-based gold miner is shifting focus to advancing its new Salares Norte mine in Chile as well projects belonging to Osisko Mining OSK-T unch no change , which it recently bought for about $1.6-billion. Gold Fields could potentially sell its Damang mine in Ghana where it is only processing stockpiled ore after stopping mining operations last year, Fraser said. The miner could also seek buyers for its Cerro Corona in Peru operation in Chile – which has five years left on its lifespan – the CEO added. Gold Fields is studying the potential for new mineral discoveries at both mines to help attract buyers, he said. “We do want to set it up in a way that, if we keep it, we know we have unlocked the value,” Fraser told Reuters. “If we decide to sell it to someone else, we would have sold it with an embedded option for life extensi Show less Read more
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