Osisko Mining

Canaccord Genuity Acts as Financial Advisor to Osisko Mining on its Pending C$2.2 Billion Sale to Gold Fields

Canaccord Genuity is pleased to announce that, on August 12, 2024, its client, Osisko Mining Inc. (“Osisko” or the "Company") (TSX:OSK), entered into a definitive agreement pursuant to which Gold Fields Limited (“Gold Fields”) (JSE:GFI, NYSE:GFI) has agreed to acquire all of the issued and outstanding common shares of Osisko (the “Transaction”). Under the terms of the Transaction, Osisko shareholders will receive C$4.90 per Osisko share, payable in cash (the “Consideration”). The Consideration implies an equity value of approximately C$2.2 billion on a fully-diluted basis. The Transaction will be completed by way of a statutory plan of arrangement under the Business Corporations Act (Ontario).

The consideration represents a 67% premium to the closing price of Osisko’s shares on the Toronto Stock Exchange (the “TSX”) as at August 9, 2024 and a 55% premium to the volume-weighted average price of Osisko’s shares on the TSX over the 20 trading days during the same period.

Canaccord Genuity acted as financial advisor to Osisko and provided a fairness opinion to the Board of Directors of the Company.

Osisko is a gold development company focused on advancing its 50% interest in the high-grade underground Windfall gold project located in the Val-d’Or mining region in Quebec, Canada. Osisko also holds a 50% interest in Urban Barry and Quevillon, two highly prospective exploration projects nearby Windfall.

Gold Fields is a globally diversified gold producer with eight operating mines located in Australia, South Africa, Ghana and Peru and two development projects in Canada and Chile.