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Market warms to Yamana deal, says Gold Fields CEO Chris Griffith

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The gold miner says its prosed takeover of Canada-listed Yamana Gold could, pending shareholder approval, be concluded by mid-November

Gold Fields, one of the world’s largest gold miners, has increased its half-year dividend by almost half, while cutting debt by more than a fifth as it cashed in on higher prices and improved output.

The globally diversified miner, valued at R133.7bn on the JSE, has, however, seen its shares slip almost 14% so far in 2022, and it came under pressure in May after news that it was looking to buy Canadian rival Yamana Gold for $6.7bn in an all-share deal...

 

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WATCH: Gold Fields CEO Chris Griffith on earnings growth and dividend hikeBusiness Day TV talks to Gold Fields CEO Chris Griffith
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