The Prospector News

Gold Fields to Acquire Yamana Gold – A Combination for Long-Term Value Creation Focused on Quality Growth, Financial Discipline and Shareholder Returns

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Gold Fields to Acquire Yamana Gold – A Combination for Long-Term Value Creation Focused on Quality Growth, Financial Discipline and Shareholder Returns

 

 

 

 

 

  • Transaction creates a top-4 global gold major with a diversified portfolio of high-quality, long-life assets with tangible near and long-term growth opportunities
  • Strengthened financial and operational capacity with complementary cash flow and growth profiles
  • Combined Group will be headquartered in Johannesburg with operations across South Africa, Ghana, Australia, Canada and South America
  • All-share offer by Gold Fields at an Exchange Ratio of 0.6 Gold Fields Consideration Shares for each Yamana share implying a valuation for Yamana of US$6.7 billion

Gold Fields Limited (JSE, NYSE: GFI) and Yamana Gold Inc. (TSX:YRI) (NYSE:AUY) (LSE:AUY) announced that they have entered into a definitive agreement, under which Gold Fields will acquire all of the outstanding common shares of Yamana pursuant to a plan of arrangement.

 

A full media release is available on the company website: www.goldfields.com

 

Posted May 31, 2022

Share this news article

MORE or "UNCATEGORIZED"


Rock Tech Lithium Announces Assay Results from Ongoing Drill Program at Georgia Lake

Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (W... READ MORE

July 4, 2022

NioCorp Announces Closing of Up-Sized Private Placement for Gross Proceeds of C$4.8 Million

NioCorp Developments Ltd. (TSX: NB) (OTCQX: NIOBF) is pleased to... READ MORE

July 4, 2022

Galantas Gold Announces Exercise of Warrants

Galantas Gold Corporation (TSX-V:GAL ) (AIM: GAL) (OTCQX: GALKF) ... READ MORE

July 4, 2022

Mayfair Gold Closes Flow-Through Financing

Mayfair Gold Corp. (TSX-V: MFG) (OTCQX: MFGCF) today announced th... READ MORE

July 4, 2022

Montage Closes $20 Million Private Placement of Subscription Receipts

Montage Gold Corp.  (TSX-V: MAU) is pleased to announce the clos... READ MORE

June 30, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News