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Gold Fields planning 'project rationalisation' following Yamana merger

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.GoldFields_LTD will rationalise its asset base if a merger with YamanaGoldInc proceeds gold mining resources acquisition investment divestment diggersndealers

KALGOORLIE – Gold miner Gold Fields on Tuesday said that it would look to optimise its portfolio following the acquisition of TSX-listed Yamana Gold, and the start of its Salares Norte project, in Chile.said that with the addition of the Yamana assets and the start of Salares North, Gold Fields could produce more than four-million ounces.

Griffith said that Gold Fields would invest in exploring the new assets following a successful takeover of Yamana Gold, but would use the company’s extensive experience while doing this. Gold Fields in May announced its takeover offer for Yamana Gold, offering 0.6 of its own shares or 0.6 of a Gold Fields American depositary share for each Yamana share. The transaction implies a valuation for Yamana of $6.7-billion.

 

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