Gold Fields share jumps as rivals make bid for Yamana
SA company says new joint offer from Agnico Eagle and Pan American goes to show that Yamana is a worthy prize
06 November 2022 - 08:17
Gold Fields said it would work to complete the $6.7bn (about R120bn) acquisition of Canada’s Yamana Gold even as a rival bid was announced on Friday, resulting in a surge in the Gold Fields share price.
The share jumped 11.23% to close at R154.05 after Yamana announced it had received a $4.8bn joint, “superior” offer from Agnico Eagle Mines and Pan American Silver. ..
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