The Globe and Mail reports in its Tuesday edition that Gold Fields is offering a big premium to buy Osisko Mining for $2.16-billion after the South African miner failed a few years ago to buy an even bigger Canadian gold company. The Globe's Niall McGee writes that Johannesburg-based Gold Fields on Monday said it has reached a friendly agreement to acquire Toronto-based Osisko in an all-cash transaction. The offer of $4.90 a share is 66 per cent higher than Osisko's closing price on Friday. The deal helps diversify Gold Fields away from some of the riskier jurisdictions in which it operates, and alleviates some of the concerns that its portfolio did not have enough long-life mining assets. The South African gold major had already taken a 50-per-cent share in Osisko's Quebec-based Windfall gold project in 2023. Gold Fields in 2022 attempted to acquire Toronto-based Yamana Gold for $6.7-billion (U.S.), but it was outfoxed by Agnico Eagle Mines and Pan American Silver, which collectively outbid it. That deal was an all-stock transaction and its value quickly plummeted owing to pressure on Gold Fields' share price. This time round, Gold Fields is offering cash only, something other interested parties could not match.