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. Read full article.
Read More
Glencore will soon own 43.75% of the MARA project in the Catamarca province of Argentina after entering an agreement to acquire Newmont’s 18.75% shareholding. Under the terms of the deal, Glencore will pay Newmont $124.9 million upon closing and a $30 million deferred payment upon commercial production subject to an annual interest charge of 6%. Total deferred consideration is capped…
Read MoreGlobal 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 the acquisition significantly strengthens its ability to deliver on its three strategic pillars: maximizing asset potential, advancing ESG commitment, and growing the value and…
Read More