Gold Fields Purchases Barrick Gold's Yilgarn South Assets

It is complete!

“Gold Fields Ltd says it completed the acquisition of the Granny Smith, Lawlers and Darlot gold mines, known as the Yilgarn South Assets, in Western Australia, from Barrick Gold Corp. Gold Fields paid a total net consideration of $270 million after adjustments for working capital, mine capital and employee entitlements,” reports Kitco.

“We are pleased to have completed this acquisition of in-production ounces,” says Nick Holland, chief executive officer of Gold Fields. “Today we commenced integrating these assets with our existing operations in Western Australia where Gold Fields now has five active mines.”

US platinum bar gained 0.6 percent. The price of Japanese platinum bar flattened after two days of downward movement.

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US palladium bar prices inched up 1.3 percent. Japanese palladium bar closed 0.5 percent lower. The price of Chinese palladium bar showed little movement on Monday.

Indian gold bullion finished the day up 1.2 percent. After a 1.0 percent increase, Chinese gold bullion finished the day. US gold bullion prices rose 0.9 percent. The price of Japanese gold bullion finished the market day up 0.1 percent per gram.

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After a 1.1 percent increase, Indian silver finished the day. After falling for two days, the price of Chinese silver rose 1.0 percent. The price of Japanese silver increased 0.3 percent. US silver prices inched up 0.2 percent.