https://www.engineeringnews.co.za

Gold Fields CEO says investors starting to understand Yamana deal

An image of Gold Fields CEO Chris Griffith

Gold Fields CEO Chris Griffith

18th July 2022

By: Reuters

  

Font size: - +

Gold Fields shareholders are starting to better understand the miner's proposed acquisition of Yamana Gold, CEO Chris Griffith said on Friday as he tries to win investors over to the deal that was negatively received by the market.

"Many shareholders are starting to say 'we get it'," Griffith told reporters.

Griffith said he is not considering changing the terms of the deal, after announcing sweeteners, including higher dividends and a Toronto Stock Exchange listing.

The current environment for gold stocks is very difficult, and the market does not like premium deals, Griffith said, arguing that the timing of the deal announcement - just before a plunge in gold prices - has contributed to the negative reaction.

Gold Fields has had "constructive" and "tough" discussions with Redwheel, a shareholder that publicly called for the miner to scrap the deal, as part of its engagements with investors, Griffith told reporters.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.07 1.062s - 140pq - 2rq
Subscribe Now