More Gold Deals Are in the Works If Yamana Is Any Gauge
- Company considered other options before going With Gold Fields
- Chairman confident shareholders will approve the transaction
Liquid gold flows from a furnace into individual casting molds to create 28 kilogram gold bars at a Gold Fields Ltd. mine.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Yamana Gold Inc. considered other options before agreeing to be acquired by Gold Fields Ltd. for about $7 billion, suggesting there are discussions for other prospective deals in the gold industry, the Canadian firm’s executive chairman said.
“We cannot be, and should not be, the only company that is considering being part of something bigger,” Peter Marrone said in an interview Tuesday after the agreement with Gold Fields was announced.