The deal makes Gold Fields the sole owner of the Windfall project in Quebec, which it has been developing in a 50/50 joint venture with Osisko.
The deal fell through when Yamana accepted a higher joint bid from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NYSE: PAAS), overriding Gold Fields’ original offer.
The Windfall deal helps fill the gap left by that missed opportunity, adding 300,000 oz. per year at an all-in sustaining cost (AISC) of under $800 per oz. from early 2027.
“Windfall will be a real anchor for Gold Fields’ portfolio,” Fraser told The Northern Miner last week during the Gold Forum Americas in Colorado Springs. “It’s a place we’ve long looked at to grow our footprint.”
Over the past 10 years, the company has shifted away from its historic base in South Africa and focused on high-potential, lower-risk projects in places like Ghana, Australia, and the Americas. South…
