Inactive Instrument

Yamana Gold Inc.

YRI

CA98462Y1007

Yamana Gold takeover to be completed next week after Mexico nod

March 24, 2023 at 02:20 pm EDT

(Alliance News) - Yamana Gold Inc on Friday said its takeover received the regulatory nod in Mexico, with all hurdles for the deal now cleared.

The Mexican Federal Economic Competition Commission approved the buyout on Thursday, Yamana said. Yamana backed a joint Pan American Silver Corp and Agnico Eagle Ltd offer in November.

"All required regulatory, shareholder and court approvals, including the final court order, have now been received and the arrangement is anticipated to be completed on or about March 31, 2023," the company said.

Yamana originally had agreed to be bought by Johannesburg-listed Gold Fields Ltd, but the board then switched support to the joint Pan American Silver and Agnico Eagle bid.

Under the joint bid, the consortium offered USD1.0 billion in cash, plus about 153.5 million shares in Pan American, which is listed on Nasdaq, and some 36.1 million shares in Agnico Eagle, which is on the New York Stock Exchange.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
NASDAQ COMPOSITE	16,735 PTS	-0.01%	-1.10%	-
GOLD FIELDS LIMITED	292.7 ZAR	-2.22%	-0.92%	13.92B
SILVER	30.38 USD	-2.56%	+0.77%	-
PAN AMERICAN SILVER CORP.	30.01 CAD	-1.32%	+4.38%	7.98B

Latest news about Yamana Gold Inc.

Pan American Silver Corp. Announces Consent Solicitations with Respect to Yamana Gold Inc.’s 4.625% Senior Notes Due 2027 and 2.630% Senior Notes Due 2031	23-04-27	CI
North American Morning Briefing : Further Caution -2-	23-04-06	DJ
Pan American Silver Brief: Listing on the Toronto Stock Exchange Will Not Change	23-04-05	MT
Pan American Silver Brief: Announcing Transfer of Listing of Common Shares to the New York Stock Exchange	23-04-05	MT
Brazil court backs crackdown on illegal gold mining in Amazon	23-04-05	RE
Cerrado Gold Names Owners Team at Monte Do Carmo Gold Project in Tocatins, Brazil	23-04-05	MT
Fitch Withdraws Ratings on Yamana Gold	23-04-04	MT
Yamana Gold Inc.(TSX:YRI) dropped from S&P Global BMI Index	23-04-04	CI
Yamana Gold Inc.(TSX:YRI) dropped from S&P/TSX Composite Index	23-04-04	CI
Yamana Gold Inc.(TSX:YRI) dropped from S&P/TSX Capped Composite Index	23-04-04	CI
Yamana Gold Inc.(TSX:YRI) dropped from S&P/TSX Global Mining Index	23-04-04	CI
Yamana Gold Inc.(TSX:YRI) dropped from S&P/TSX Completion Index	23-04-04	CI
Yamana Gold Coverage Discontinued at BMO Capital Following Sale to Pan American Silver and Agnico Eagle	23-04-03	MT
Yamana Gold Inc. Announces Cessation of Kim Keating as Non-Executive Director	23-04-03	CI
S&P Assigns Rating to Pan American Silver After Completion of Yamana Gold Purchase	23-03-31	MT
Pan American Silver Completes Acquisition of Yamana Gold	23-03-31	MT
Pan American Silver Closes on Yamana Gold Buyout	23-03-31	MT
Yamana Gold to Delist in London April 3	23-03-31	MT
Brazil's revenue service launches electronic invoice for gold to curb illegal mining	23-03-30	RE
Pan American Silver Corp. and Agnico Eagle Mines Limited completed the acquisition of remaining stake in Yamana Gold Inc. from Van Eck Associates Corporation and others.	23-03-30	CI
Centamin targets reduction in greenhouse gases	23-03-30	AN
Berenberg Bank Adjusts Yamana Gold Price Target to $5.90 From $6.10, Maintains Hold Rating	23-03-30	MT
Yamana Gold Swings to Loss in Q4, Revenue Drops; Reports Updated Mineral Reserves, Mineral Resources	23-03-30	MT
Yamana Gold Swings to Loss in Q4, Revenue Drops	23-03-30	MT
North American Morning Briefing : Stocks Seen -2-	23-03-30	DJ

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Company Profile

Yamana Gold Inc. is a Canada-based precious metals producer. The Company has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company's principal producing mining properties are comprised of the Canadian Malartic mine in Canada, the Jacobina mine in Brazil, the El Penon and Minera Florida mines in Chile and the Cerro Moro mine in Argentina. The Company's projects include the MARA project in Argentina and the Wasamac project in Canada. The Canadian Malartic mine, in which the Company holds a 50% interest, is located in the Abitibi region of Quebec near the town of Val-d'Or. Minera Florida is an underground gold mine located in central Chile, approximately 75 kilometers southwest of Santiago. The Cerro Moro is a gold-silver operation located in the Santa Cruz province of Argentina approximately 70 km south of the port city of Puerto Deseado.

Sector

Gold

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Sector Gold Mining

	1st Jan change	Capi.
NEWMONT CORPORATION	+1.35%	48.34B
AGNICO EAGLE MINES LIMITED	+24.36%	33.99B
BARRICK GOLD CORPORATION	-2.88%	29.92B
WHEATON PRECIOUS METALS CORP.	+14.20%	24.81B
NORTHERN STAR RESOURCES LIMITED	+5.13%	10.94B
ANGLOGOLD ASHANTI PLC	+29.43%	10.1B
KINROSS GOLD CORPORATION	+38.03%	9.97B
POLYUS	-.--%	8.77B
ROYAL GOLD, INC.	+5.98%	8.43B

Gold Mining