Gold Fields to Acquire Yamana Gold - A Combination for Long-Term Value Creation Focused on Quality Growth, Financial Discipline and Shareholder Returns
- 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
