Toronto, Ontario--(Newsfile Corp. - June 2, 2022) - A Copy of the Full Report is Available to Read by Following the Link Below:
Gold Fields Ltd. to Acquire Yamana Gold Inc. in US$6.7B Transaction
The report provides a summary of Gold and Precious Metal Funds that hold:
1) The Acquired Company only: Yamana Gold Inc. (TSXV: YRI)
2) The Acquirer only: Gold Fields Limited (NYSE: GFI)
3) Both the acquirer and the acquired company.
On Monday 30th, May, 2022, South Africa-based Gold Fields Ltd. (NYSE: GFI) agreed to buy Yamana Gold Inc. (TSXV: YRI) in an all-stock deal that values Yamana at $6.7 billion USD. If the deal is approved, Gold Fields Ltd. shareholders will end up with 61% of the combined $15.6 billion USD company, and Yamana Gold Inc. shareholders will hold the remaining 39%.
Gold Fields Ltd. (NYSE: GFI) is paying a 34% premium to the weighted average share price of Yamana Gold Inc. (TSXV: YRI) shares calculated over the 10 trading days immediately preceding the transaction. Gold Fields Ltd. shares fell 11% on the news as investors considered these payment terms. Yamana Gold Inc. shareholders are set to receive 0.6 of a Gold Fields Ltd. share. The Transaction implies a valuation for Yamana Gold Inc. of US$6.7 billion and represents a premium of 33.8% to the 10-day Volume-Weighted Average Price ("VWAP") of Yamana Gold Inc.'s shares, calculated at US$ 5.20 on Friday, May 27th, 2022.
Gold Fields Ltd. (NYSE: GFI) merging with Yamana Gold Inc. (TSXV: YRI) will create world's fourth biggest gold miner.
7 Funds show as holding Yamana Gold Inc. (TSXV: YRI) exclusively, and will be the biggest performance beneficiaries from this transaction:
Acquired only | Both | Acquirer only |
Yamana Gold Inc. | Yamana Gold Inc. and Gold Fields Limited | Gold Fields Limited |
iW Commodities & Gold Equities | Invesco Gold & Special Minerals Fund | Fidelity Select Gold |
DMS Charteris Gold and Precious Metals Fund | VanEck International Investors Gold Fund | Sprott Gold Equity Fund |
Placeuro Gold Mines | American Century Global Gold Fund | Franklin Gold & Precious Metals Fund |
AMG Gold, Minen und Metalle | USAA Precious Metals and Minerals Fund | EuroPac Gold Fund |
AuAg Silver Bullet | Gabelli Gold Fund Inc. | U.S. Global Investors Gold and Precious Metals Fund |
SafePort Gold & Silver Mining Fund | Allspring Precious Metals Fund | Mackenzie Precious Metals Class |
Premium Gold and Metal Open Fund | GAMCO Natural Resources, Gold & Income Trust | BlackRock Global Funds World Gold Fund |
Total: 7 Funds | Rydex Precious Metals Fund | BAKERSTEEL Precious Metals Fund |
VanEck VIP Global Gold Fund | Franklin Gold and Precious Metals Fund (Lux) | |
Precious Metals UltraSector ProFund | STABILITAS Silber+Weissmetalle | |
RBC Global Precious Metals Fund | Sprott-Alpina Gold Equity UCITS Fund | |
IG Mackenzie Global Precious Metals Class | BlackRock Gold & General Fund | |
TD Precious Metals Fund | LF Ruffer Gold Fund | |
CIBC Precious Metals Fund | NinetyOne Funds Series iii - Global Gold Fund | |
Konwave Gold Equity Fund | ASA Gold and Precious Metals Limited | |
CPR Invest - Global Gold Mines | United Gold & General Fund | |
Deutsche Invest I Gold & Precious Metals Equities | Craton Capital Precious Metal Fund | |
Schroder International Selection Fund Global Gold | Value Intelligence Gold Company Fonds (AMI) | |
Invesco Gold and Special Metals Fund (Lux) | Total: 17 Funds | |
DJE Gold & Ressourcen | ||
iW Precious Metal Mining Equities | ||
Landolt Investment (Lux) SICAV - Gold | ||
Lombard Odier Funds - World Gold Expertise | ||
Crossinvest Metals and Mining Equity | ||
Konwave Sustainable Gold Equity Fund | ||
Claresco Or et Métaux Précieux | ||
ES Baker Steel Gold and Precious Metals Fund | ||
Cours CM-AM Global Gold | ||
Edmond de Rothschild Goldsphere | ||
Stratégie Indice Or | ||
AAZ Prestige Or | ||
DWS Noor Precious Metal Securities Fund (Sharia) | ||
Sprott-Alpina Gold Equity Fund | ||
Zenito Silver and Gold Fund | ||
C-Quadrat Gold & Resources Fund | ||
Total: 35 Funds |
Source: https://mineralfunds.com/gold-funds/
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