Gold Fields has upped its stake in Peruvian subsidiary La Cima by purchasing nearly all the shares it did not already own for $382 million, the brokerage that oversaw the operation told Reuters on Friday. Gold Fields (GFIJ.F), the world's fourth largest listed gold miner offered on March 22 to buy the remaining La Cima shares to boost the group's total gold output. The offer closed on Friday, at which point Gold Fields had purchased 167.3 million of the 175 million shares it sought, said an agent at Credibolsa in Lima, which oversaw the operation. Gold Fields offered 4.20 soles ($1.5) a share. La Cima (LAC.LM) shares have traded at that price on the Lima stock exchange since the offer was made.
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