[miningmx.com] – GOLD Fields is seeking cash generative mines similar to the Australian operations Yilgarn which it bought from Barrick Gold in 2012, said Bloomberg News citing the gold group’s CEO, Nick Holland.
“If we could repeat the success of the Yilgarn acquisition in Australia, then clearly we would be looking to try and buy something,’ Holland said. “These would be typically bolt-on deals of in-production assets generating free cash.
‘ Increased output from the three former Barrick mines, known as Yilgarn, should cover the purchase cost within two years, he said. Holland was speaking at the Denver Gold Show.
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