Gold Fields and Santa Fe Gold Move Closer to Merger

Mining Weekly reported that Gold Fields Ltd. (NYSE:GFI) and Santa Fe Gold Corp. (OTCQB:SFEG) have signed a definitive merger agreement. The move is a follow up on an October agreement under which the companies decided to form a “significant” gold and silver company.

As quoted in the market news:

The combined entity would have a market capitalisation of some A$70-million and cash reserves of at least A$10-million, with gold and silver production of some 28 000 oz/y of gold equivalent, an operating mill, near-term development assets and a portfolio of advanced exploration assets.

The merged group’s assets would include the Summit gold/silver mine, the Ortiz gold project and the Mogollon gold/silver project, all in New Mexico, as well as the Latin gold project, in Brazil.

Click here to read the full Mining Weekly report.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Otis-Gold-LogoOtis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.

Leave a Reply