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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
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