Gold Fields investor tells miner to scrap Yamana deal
A top-10 investor in South Africa’s Gold Fields on Friday urged the miner to cancel its planned takeover of Canada-based Yamana Gold, saying the $6.7 billion transaction was expensive and did not guarantee growth and profitability. Shares in the South African miner plunged 20% on May 31, when it announced the all-share transaction that would […]
Gold Fields investor tells miner to scrap Yamana deal
A top-10 investor in South Africa’s Gold Fields on Friday urged the miner to cancel its planned takeover of Canada-based Yamana Gold, saying the $6.7 billion transaction was expensive and did not guarantee growth and profitability. Shares in the South African miner plunged 20% on May 31, when it announced the all-share transaction that would […]