On January 17, 2025, Gold Fields Pedernales Limitada, a wholly-owned subsidiary of Gold Fields Limited (“Gold Fields”), finalized an earn-in option and joint venture transaction with Torq Resource Inc. ("Torq") on Torq’s Santa Cecilia copper-gold project in Chile.
Gold Fields acquired a staged option to earn into up to a 75% indirect interest in the project by funding up to US$48 million over a period of up to 6 years, of which a committed minimum spend of US$6 million will earn Gold Fields an initial 10% interest.
Fasken advised Gold Fields in connection with this transaction with a team led by Brian Graves and which included Myroslav Chwaluk and Nazish Mirza.
Jurisdiction
- Chile
