Gold Fields to Acquire Yamana Gold - A Combination for Long-Term Value Creation Focused on Quality Growth, Financial Discipline and Shareholder Returns
Gold Fields has announced its acquisition of Yamana Gold, creating a top-four global gold major valued at US$6.7 billion. This all-share deal offers 0.6 Gold Fields shares for each Yamana share, enhancing financial and operational strength through complementary cash flows and growth profiles. The new entity will be headquartered in Johannesburg and will operate in South Africa, Ghana, Australia, Canada, and South America. This strategic move is aimed at long-term value creation and growth opportunities in the gold market.
- Creation of a top-4 global gold major with diversified portfolio.
- Valuation of US$6.7 billion for Yamana enhances market positioning.
- Strengthened financial and operational capacity through complementary cash flows.
- None.
- Transaction creates a top-4 global gold major with a diversified portfolio of high-quality, long-life assets with tangible near and long-term growth opportunities
- Strengthened financial and operational capacity with complementary cash flow and growth profiles
- Combined Group will be headquartered in Johannesburg with operations across South Africa, Ghana, Australia, Canada and South America
- All-share offer by Gold Fields at an Exchange Ratio of 0.6 Gold Fields Consideration Shares for each Yamana share implying a valuation for Yamana of US
$6.7 billion
JOHANNESBURG, May 31, 2022 /PRNewswire/ -- Gold Fields Limited (JSE, NYSE: GFI) ("Gold Fields") and Yamana Gold Inc. (TSX:YRI) (NYSE:AUY) (LSE:AUY) ("Yamana"), today announced that they have entered into a definitive agreement (the "Arrangement Agreement"), under which Gold Fields will acquire all of the outstanding common shares of Yamana ("Yamana Shares") pursuant to a plan of arrangement (the "Transaction").
A full media release is available on the company website: www.goldfields.com
For more information, please contact:
Gold Fields Investors
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
Gold Fields Media
Sven Lunsche, Vice President Corporate Affairs
Tel: +27 11 562 9763
Mobile: +27 83 2609279
Email: Sven.Lunsche@goldfields.com
Investors
BofA Securities (Financial advisor to Gold Fields)
Ben Davies / Peter Surr / Christos Tomaras / Anthony Knox
Tel: +44 20 7628 1000
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 9850
Yamana Gold
Gerardo Fernandez, SVP, Corporate Development and Investor Relations
Tel: 416-815-0220
Mobile: +1 888 809 0925
Email: investor@yamana.com
FTI Consulting (UK Public Relations / Communications advisor to Yamana)
Sara Powell / Ben Brewerton
Tel: +44 7931 765 223 / +44 203 727 1000
Email: yamana.gold@fticonsulting.com
View original content:SOURCE Gold Fields Limited
FAQ
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