On August 12, 2024, Gold Fields Limited (JSE: GFI, NYSE: GFI) entered a definitive agreement to acquire all common shares of Osisko Mining, listed on the Toronto Stock Exchange, for C$4.90 per share in an all-cash transaction valued at approximately C$2.16 billion (US$1.57 billion). The transaction represents a 55% premium over Osisko's 20-day volume-weighted average trading price as of August 9, 2024. Upon completion, Gold Fields will gain full control of the Windfall Project in Québec, Canada, currently a 50-50 joint venture between the two companies. This acquisition eliminates Gold Fields' existing C$300 million deferred cash payment and C$75 million exploration obligation from the May 2023 JV agreement with Osisko. The deal is subject to Osisko Mining shareholder approval, expected by October 2024, with finalization anticipated in Q4 2024. RBC Capital Markets served as exclusive financial advisor, and McCarthy Tétrault LLP provided legal counsel to Gold Fields. Osisko Mining was advised by Maxit Capital and Canaccord Genuity as financial advisors, with Bennett Jones LLP as legal advisor. Fort Capital acted as financial advisor to Osisko's Special Committee, with Cassels Brock & Blackwell LLP serving as legal advisor to the Special Committee.