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Gold Fields Limited (GFI) Inks Deal for Windfall Mining Project Development


Gold Fields Limited (NYSE:GFI) is one of the mining stocks with the highest dividends.

Gold Fields Limited (GFI) Inks Deal for Windfall Mining Project Development
Gold Fields Limited (GFI) Inks Deal for Windfall Mining Project Development

Copyright: tomas1111 / 123RF Stock Photo

On June 2, Gold Fields Limited (NYSE:GFI) subsidiary Windfall Mining Group entered into an Impact Benefit Agreement with the Cree First Nation of Waswanipi (CFNW), the Cree Nation Government, and the Grand Council of the Crees. The agreement is for the Windfall Mining Project.

The agreement establishes a comprehensive framework spanning the project’s financial, operational, and environmental development. In addition, the agreement will ensure the development of natural resources to deliver genuine and lasting benefits to Cree communities.

Windfall Mining Project is a high-grade gold development project poised to reach initial production before the end of the year. Gold Fields expects the project to yield approximately 306,000 ounces of gold annually over a 10-year lifespan.

Gold Fields Limited (NYSE:GFI) is a globally diversified gold mining company. It manages the exploration, development, and extraction of gold (and some copper) across operations located in Australia, Canada, Chile, Ghana, Peru, and South Africa.

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