M&A

Agnico and PanAm swoop with rival offer for Yamana

YAMANA Gold has received an unsolicited bid from Agnico Eagle Mines, its partner in the Canadian Malartic gold mine in Quebec, Canada, and Pan American Silver.

Canadian Malartic in Quebec, Canada

Canadian Malartic in Quebec, Canada

Under the bid, Pan American would buy Yamana for US$1 billion in cash and 135 million PanAm shares and 36.1 million Agnico shares, for an aggregate value of US$5.02 per Yamana share. This values Yamana...

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