VANCOUVERBC and TORONTO, November 8, 2022 /PRNewswire/ – Pan American Silver Corp. PAAS PAAS (“Pan American“) and Agnico Eagle Mines Limited A.E.M A.E.M (“Agnico Adler“) are pleased to announce that the agreement with Yamana Gold Inc. (“Yamana“), which Yamana received earlier today (the “Memorandum of Understanding between Pan American and Agnico“) is effective as of today’s termination by Gold Fields Limited (“goldfields“) of the agreement between Yamana and Gold Fields entered into on May 31, 2022 (the “Gold Fields Arrangement Agreement“). The Pan American-Agnico Arrangement Agreement remains the same as previously announced by Pan American and Agnico Eagle earlier today November 8, 2022. A copy of the press release issued earlier today is available under the SEDAR profiles (www.sedar.com) from Pan American and Agnico Eagle.
The previously scheduled special meeting of Yamana shareholders for Monday 21 November 2022 canceled under the Gold Fields Arrangement Agreement and Yamana will pay a termination fee of $300 million to Gold Fields in accordance with the terms of the Gold Fields Arrangement Agreement. Under the terms of the agreement between Pan American and Agnico, Pan American is funding $150 million in cash to Yamana to pay part of this termination fee.
Pan American Hosts Conference Call and Webcast
Pan American will discuss the transaction during its previously scheduled conference call and webcast in conjunction with…
