Yamana Gold Stock Surges After $6.7 Billion Gold Fields Takeover Deal

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The Street

By Martin Baccardax “Combined with Yamana, Gold Fields will boast an industry leading portfolio of high-quality, long-life flagship assets that span some of the world’s most established gold mining jurisdictions,” said CEO Chris Griffith. Yamana Gold (YRI) shares surged higher Tuesday after the Canada-based gold producer agreed to a $6.7 billion takeover by South Africa’s Gold Fields (GFIOF) . Gold Fields will pay 0.6 of its American depositary shares for each Yamana share, the companies said Tuesday, with the all-stock deal valuing the Toronto-based group at a 34% premium to its 10-day averag…

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