Gold Fields seeks to buy producing mines to increase cash flow

The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.

The restart marked exactly a century since the mine first went into production.

The company has signed an additional LOI with Export Development Canada worth $300 million.

The company can now move forward the construction and operation of the underground mine, which is expected to deliver 164,000 oz. of gold production annually.