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Toronto-listed Yamana Gold has received an unsolicited binding proposal from Agnico Eagle Mines and Pan American Silver, potentially scuppering Johannesburg-listed Gold Fields takeover bid for the firm.
Yamana gets rival bid
Under the offer Pan American Silver would buy Yamana while Agnico Eagle will secure Yamana's Canadian assets, including the Canadian Malartic mine.
Yamana termed the offer as a "superior proposal".
Ends Gold Fields failed takeover attempt that started in May
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