Canadian-based Yamana Gold confirmed on November 4 that it received an “unsolicited binding proposal” from Agnico Eagle Mines and Pan American Silver that was superior to a previous takeover bid from South African miner Gold Fields. The joint cash and stock offer from Agnico Eagle and Pan American valued Yamana at around $4.8 billion, while the Gold Fields all-stock deal…
Read MoreTag: Gold Fields
Marchese out, Balarezo Valdez in at Sierra Metals
Canadian base metal miner Sierra Metals has announced the resignation of Luis Marchese as its CEO and company director with immediate effect, and the appointment of Ernesto Balarezo Valdez as his interim replacement as CEO. Balarezo Valdez, who will also join the company’s board of directors, will lead the company through its current strategic review process, which has already commenced…
Read MoreBidding war erupts for Yamana Gold
Canadian-based Yamana Gold confirmed on November 4 that it received an “unsolicited binding proposal” from Agnico Eagle Mines and Pan American Silver that was superior to a previous takeover bid from South African miner Gold Fields. The joint cash and stock offer from Agnico Eagle and Pan American valued Yamana at around $4.8 billion, while the Gold Fields all-stock deal…
Read MoreGold Fields to acquire Yamana Gold in $6.7 billion stock deal
Global miner Gold Fields has agreed to acquire Canadian-based Yamana Gold in an all-share deal that values the latter at US$6.7 billion. The transaction will make Gold Fields a top-four global gold major. Gold Fields said on June 1 that the acquisition significantly strengthens its ability to deliver on its three strategic pillars: maximizing asset potential, advancing ESG commitment, and…
Read More