Deal will see Gold Fields shareholders own 61% and Yamana shareholders 39%
Gold Fields, one of the largest gold miners in the world, has agreed to buy Canadian precious metals miner Yamana Gold in an all-share deal at the value of $6.7bn as it looks to enter the Canadian market.
The companies announced the deal on Tuesday in which Gold Fields will take full control of the Canada-based miner in a share exchange at the ratio of 0.6 Gold Fields shares for every Yamana share, implying a value of $6.7bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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