Bonterra Congratulates Osisko on Their Recent Announcement

Osisko Mining Inc. has entered into a friendly takeover agreement with Gold Fields Ltd.

Gold Fields Ltd. has agreed to acquire Osisko for C$21.6 billion (US$15.7 billion), valuing the Canadian gold miner at C$31.17 per share.

Osisko has also given Gold Fields a "right to participate" in future equity offerings, with the right to maintain its 70% interest in the company. The deal is expected to close in the fourth quarter of 2024, subject to regulatory approvals and Osisko shareholder approval.

The acquisition will give Gold Fields a significant presence in the Canadian gold mining sector. Osisko is one of the largest gold producers in Canada, with six operating mines and a portfolio of development and exploration projects.

Bonterra Resources Inc., a Canadian gold exploration company, congratulated Osisko on the deal. Bonterra said in a statement that the acquisition "is a testament to the quality of Osisko's assets and the strength of its management team."