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Gold Fields completes sale of Arctic platinum project

Gold Fields (SJ:GFI) has sold its polymetallic Arctic platinum project in northern Finland to private equity fund CD Capital Natural Resources Fund.

Gold Fields completes sale of Arctic platinum project Gold Fields completes sale of Arctic platinum project Gold Fields completes sale of Arctic platinum project Gold Fields completes sale of Arctic platinum project Gold Fields completes sale of Arctic platinum project

The sale includes the Suhanko mining licence, all other mining and exploration properties, project permits and project-related assets

It received US$40 million in cash and is entitled to a 2% net smelter return royalty on all metals.

The sale, to CD Capital's 's Finnish subsidiary, included all of Arctic's assets ...