GOLD FIELDS PROVIDES UPDATE ON PROPOSED YAMANA GOLD ACQUISITION

Rhea-AI Summary

Gold Fields has received formal approval from the JSE Limited for the Gold Fields Circular, part of its proposed acquisition of Yamana Gold Inc. This follows earlier announcements regarding the acquisition, originally detailed on May 31, July 11, and October 4, 2022. The Gold Fields Circular is set to be available on their website post-market close on October 21, 2022, alongside the anticipated Yamana Circular. The acquisition aims to enhance Gold Fields' operational capacities and is advised by Merrill Lynch and J.P. Morgan, with legal counsel from prominent firms across South Africa, the U.S., and Canada.

Positive

• Formal approval obtained from JSE for the acquisition.
• Strengthening operational capabilities through the acquisition of Yamana Gold.

Negative

• None.

JOHANNESBURG , Oct. 21, 2022 /PRNewswire/ -- Shareholders are referred to the announcements published by Gold Fields on 31 May 2022 and 11 July 2022, and the further update published on 4 October 2022 (Initial Announcements) regarding the proposed acquisition of all the outstanding common shares of Yamana Gold Inc. (Yamana) pursuant to a plan of arrangement (the Transaction).  Capitalised terms not defined in this announcement have the meaning given to such terms in the Initial Announcements as applicable.

Gold Fields is pleased to announce that following the formal approval of the Gold Fields Circular by the JSE Limited, the Gold Fields Circular will be made available on our website (www.goldfields.com) after the close of the South African, New York and Canadian markets today, 21 October 2022, which coincides with the anticipated publication of the Yamana Circular as announced by Yamana earlier today.

For further information, please visit the Gold Fields' website at www.goldfields.com.
Johannesburg, 21 October 2022

• Lead Financial Adviser and JSE Transaction Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
• Financial Advisor: J.P. Morgan Chase Bank, NA., Johannesburg Branch
• South African Legal Counsel: Webber Wentzel
• U.S. and International Legal Counsel: Linklaters LLP
• Canadian Legal Counsel: Fasken Martineau DuMoulin LLP

Notes to editors

About Gold Fields          

Gold Fields Limited is a globally diversified gold producer with nine operating mines in Australia, Peru, South Africa, and West Africa (including the Asanko Joint Venture) and one project in Chile. Gold Fields has total attributable annual gold-equivalent production of 2.34Mo, attributable gold-equivalent Mineral Reserves of 48.6Moz and gold Mineral Resources of 111.8Moz. Gold Fields' shares are listed on the Johannesburg Stock Exchange (JSE) and its American depositary shares trade on the New York Stock Exchange (NYSE).

About Yamana Gold

Yamana is a Canadian-based precious metals producer with significant gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina.

For more information, please contact:

Gold Fields Investors and Media
Avishkar Nagaser, EVP, Investor Relations and Corporate Affairs
Tel: +27 11 562 9775; Mobile: +27 82 312 8692
Email: Avishkar.Nagaser@goldfields.com

Thomas Mengel, Manager, Investor Relations
Tel: +27 11 562 9849; Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com

Media
Brunswick Group (Communications advisor to Gold Fields)
Johannesburg: Timothy Schultz; Tel: +27 82 309 2497 
London: Pip Green / Nick Bias / Tom Pigott; Tel: +44 20 7404 5959
North America: Emily Levin / Nikki Ritchie; Tel: +1 202 617 8582 / Tel: +1 845 682 985

Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
JSE, NYSE, DIFX Share Code: GFI
ISIN Code: ZAE000018123
(Gold Fields or the Company)

View original content:https://www.prnewswire.com/news-releases/gold-fields-provides-update-on-proposed-yamana-gold-acquisition-301656415.html

SOURCE Gold Fields Limited

FAQ

What is the purpose of Gold Fields' acquisition of Yamana Gold?

The acquisition aims to enhance Gold Fields' operational capabilities and expand its market presence.

When was the Gold Fields Circular approved?

The Gold Fields Circular was formally approved on October 21, 2022.

Who are the financial advisors for the Gold Fields acquisition?

Merrill Lynch South Africa and J.P. Morgan Chase Bank are the lead financial advisors.

What does the timeline of Gold Fields' proposed acquisition include?

Key dates include initial announcements on May 31, July 11, and October 4, 2022, with formal approval on October 21, 2022.

Where can I find the Gold Fields Circular information?

The Gold Fields Circular will be available on the company's website after market close on October 21, 2022.