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PanAm-Agnico outbid Gold Fields for Yamana

The battle for Yamana Gold is going hostile as the 1 million ounce a year producer has received a superior unsolicited bid from Agnico Eagle Mines, its partner in the Canadian Malartic gold mine in Quebec, Canada, and Pan American Silver.

PanAm-Agnico outbid Gold Fields for Yamana PanAm-Agnico outbid Gold Fields for Yamana PanAm-Agnico outbid Gold Fields for Yamana PanAm-Agnico outbid Gold Fields for Yamana PanAm-Agnico outbid Gold Fields for Yamana

Canadian Malartic in Quebec, Canada

Under the new bid, Pan American would buy Yamana for US$1 billion in cash and 135 million PanAm shares and 36.1 million Agnico shares, for an aggregate value of US$5.02 per Yamana share.