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Yamana ditches Gold Fields, agrees to offer from Agnico and Pan American
Tuesday, November 8, 2022
Yamana Gold Inc. said today it had agreed to be acquired by Agnico Eagle Mines Ltd. and Pan American Silver Corp., ending a deal with South Africa's Gold Fields.
The Agnico-Pan American cash-and-stock offer, made last week, values the Canadian miner at about $4.8 billion.
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Gold Fields had agreed to buy Yamana in an all-stock deal valued at $6.7 billion in May.
But a slump in shares after the deal was announced dented the valuation and at Thursday's close Gold Fields' offer was worth just north of $4 billion. ...
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