Osisko Mining jumps to two-year high as Gold Fields to buy firm for $1.57 bln

Osisko Mining

12/08/2024 17:41

** Shares of Canadian miner Osisko Mining  OSK.TO  surge 63%
to over a two-year high of C$4.80
    ** Co to be acquired by South African miner Gold Fields
 GFIJ.J  for C$2.16 billion ($1.57 billion)
    ** GFIJ to pay C$4.90 per share, a 55% premium to Osisko's
Aug. 9 closing price
    ** U.S.-listed shares of Gold Fields  GFI.N  fall 4% to
$14.87
    ** OSK stock has gained ~80% YTD

($1 = 1.3744 Canadian dollars)

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))