Gold Fields’ Yamana deal falls through, walks away with $300m break fee
13 November 2022 - 06:12
Gold Fields has stood by its decision to pursue Canada’s Yamana Gold despite the eleventh-hour collapse of its $6.7bn (about R119bn) takeover bid, and it is expected the group will look for other assets to boost its production.
The mining firm’s pursuit of Yamana was trumped by Agnico Eagle Mines and Pan American Silver’s $4.8bn joint bid this week, but it will walk away with a $300m break fee, about 3% of its market cap...
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