TSXV:TUO - Post Discussion
Post by
highper on Aug 13, 2024 1:15am
Did goldfields pay just over $300us per0z for windfall gold?
goldfields already owned 50% of the windfall deposit.....
so the paid $1.6 billion US for
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1193-tsx/osk/154529-osisko-mining-turns-power-on-at-windfall-site.html TORONTO, Jan. 18, 2024 (GLOBE NEWSWIRE) The Windfall Resource Estimate, assuming a cut-off grade of 3.50 g/t Au, comprises 811,000 tonnes at 11.4 g/t Au (297,000 ounces) in the measured mineral resource category, 10,250,000 tonnes at 11.4 g/t Au (3,754,000 ounces) in the indicated mineral resource category and 12,287,000 tonnes at 8.4 g/t Au (3,337,000 ounces) in the inferred mineral resource category. The Windfall Mineral Reserve, assuming 3.5 g/t operating, 2.5 g/t incremental, and 1.7 g/t development cut-off grade, comprises 12,183,000 tonnes at 8.06 g/t Au (3,159,000 ounces) in the probable mineral reserves category.
total resources at windfall 10,547,000 ozs of gold
Purchase price GOLD FIELDS TO ACQUIRE OSISKO MINING FOR C$2.16 BILLION
Gold Fields buys Osisko in $1.6 billion US dollar cash deal
ergo goldfields paid just oer $300 US per oz for the 5.25 million ozs of gold that osisko owned
hallelujah brothers if my numbers bear out
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