Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Gold Fields’ attributable group production for the June quarter is expected to be around 872,000 gold equivalent oz, up 5% from 830,000 gold equivalent oz in Q1, the South African miner said Tuesday.
During Q2, production from the country’s South Africa region was affected by six public holidays as well as two significant seismic-related accidents at the Kloof Driefontein Complex mine, which resulted in production stoppages due to safety interventions, the company said.
