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The precious metals miner has agreed to sell itself to mining peer Gold Fields.
Yamana Gold Inc (NYSE: AUY) shares are trading higher Tuesday after the company announced it will be acquired by Gold Fields for $6.7 billion. Gold Fields and Yamana entered into a definitive agreement, under which Gold Fields will acquire all of the outstanding shares of Yamana Gold.
Gold Fields has agreed to buy Yamana. Here are the key facts you need to know.
Canada's Yamana Gold is seeing its stock jump 15% higher today on news that South Africa's Gold Fields is trying to acquire it. The post Yamana Gold (AUY) Stock Gains 15% on Gold Fields Acquisition appeared first on InvestorPlace.
The U.S.-listed shares of Yamana Gold Inc. AUY, -0.96% YRI, +2.58% soared 15.3% in premarket trading Tuesday, after the Canada-based gold and silver miner announced an agreement to be acquired by Gold Fields Ltd. GFI, +4.10% in a stock deal that values Yamana at about $6.7 billion.
The combined group will create the world's fourth biggest gold producer after the all-share deal.
Yamana Gold Inc shares jumped 21% to 492.5p after agreeing to be taken over by Gold Fields Limited for a valuation of US$6.7bn. The offer will see each Yamana share exchanged for 0.6 of a share in Gold Fields or 0.6 of a Gold Fields American depositary share (ADS).
Gold Fields Ltd. GFI, +3.01% GFI, +4.10% said Tuesday that it has agreed to buy Yamana Gold Inc. in an all-stock deal that values the Canadian company at $6.7 billion.
Yamana Gold, Inc. (NYSE:AUY ) Bank of America 2022 Global Metals, Mining and Steel Conference Call May 18, 2022 9:40 AM ET Company Participants Daniel Racine - President, Chief Executive Officer & Director Conference Call Participants Lawson Winder - Bank of America Daniel Racine [Call starts abruptly] All the mines are delivering on expectations even better. We had a great Q1 to start the year.
Yamana Gold, Inc. (NYSE:AUY ) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Daniel Racine - President, CEO & Director Jason LeBlanc - SVP, Finance & CFO Yohann Bouchard - SVP & COO Conference Call Participants Anita Soni - CIBC Tanya Jakusconek - Scotiabank Fahad Tariq - Crédit Suisse Michael Parkin - National Bank Financial Operator Thank you all for joining us this morning. Before I turn the call over, I need to advise that certain statements made during this call today may contain forward-looking information, and actual results could differ from the conclusions or projections in that forward-looking information, which include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the timing and amount of estimated future production, cost of production, capital expenditures, future metal prices and the cost and timing of the development of new projects.