Osisko, Gold Fields partner to develop the Windfall gold project in Quebec Osisko GoldFields
- Osisko Mining announced today it has concluded a 50/50 joint venture agreement with a subsidiary of Gold Fields Limited for the joint ownership and development of Osisko's Windfall gold project, located in Québec, Canada.
The company noted that Gold Fields will make two additional separate C$17 million cash payments to Osisko , which represent reimbursement of items already incurred by Osisko as part of pre-construction spend. The Windfall reserve estimate, 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 in the probable mineral reserves category.
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