Griffith says investors warming to Gold Fields-Yamana deal

WHILE institutional gold investors are calling for greater consolidation in the sector, the proposed all-stock merger of Gold Fields and Yamana Gold announced at the end of May initially ran into some investor headwinds due to the 33.8% premium it included.

Griffith says investors warming to Gold Fields-Yamana deal Griffith says investors warming to Gold Fields-Yamana deal Griffith says investors warming to Gold Fields-Yamana deal Griffith says investors warming to Gold Fields-Yamana deal Griffith says investors warming to Gold Fields-Yamana deal

Gold Fields CEO Chris Giffith

Van Eck was once of the institution investors irked by the premium, reminding its clients in a research note that the five zero-premium deals among eight mergers of majors and mid-tiers since 2019