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Gold Fields will not make counter-bid for Yamana Gold
By Helen Reid
Monday, November 7, 2022
JOHANNESBURG -- The board of South Africa's Gold Fields will not change its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, it said on today.
Gold Fields' decision reflects "commitment to capital discipline" and to fairness for shareholders in Gold Fields and Yamana, the South Africa-listed miner said today.
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Reyna Gold Identifies Major Geophysical Anomalies
and More High-Grade Gold, Silver, and Copper
November 1, 2022
Reyna Gold Corp. (TSXV: REYG, OTCQB: REYGF) announces more results from the ongoing district-scale exploration at its 24,215 hectare La Gloria Property in Sonora, Mexico.
Results are returning high-grade gold, silver and copper samples from multiple mineralized zones that align with geophysical anomalies, silica alterations, and structural controls on the property.
Details appear at the link below.
"We are using a geoscientific exploration approach that is continually working on the property," Reyna Gold CEO Michael Wood said. "We have identified a number of very large geophysical anomalies that tie in with large silica alternations that our initial drilling and geochemical sampling work show are coinciding with high-grade gold, silver, and copper mineralization.
"These anomalies are mainly covered and as a consequence have never been explored, presenting us with very large unexplored targets that we know are hosting mineralization from multiple orogenic and intrusive related events across an 80-square-kilometer area. It is very exciting to see our exploration approach continuing to uncover more and more mineralization on the property.” ...
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The joint cash and stock offer from Agnico Eagle and Pan American on Friday trumped the Gold Fields bid, which valued Yamana at around $4.2 billion at Thursday's close. Under the offer, Yamana shareholders would receive $1.0406 in cash, 0.0376 of an Agnico share and 0.1598 of a Pan American share for each share held. ...
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