YRI:CC - Yamana Pan American shareholders approve deal for Latin America assets

Yamana Gold ( NYSE: AUY ) and Pan American Silver ( NASDAQ: PAAS ) shareholders voted Tuesday to approve the takeover deal that will see Pan American acquire Yamana's Latin American assets while Agnico Eagle Mines ( NYSE: AEM ) will obtain the company's Canadian Malartic operations.

Agnico Eagle ( AEM ) will gain full operational control of Canada's top gold mine by annual production, which totaled nearly 715K oz in 2021, ranking it as North America's fourth-largest producing bullion mine.

The deal is expected to be completed during Q1, subject to approval by the Ontario Superior Court of Justice and the Mexican Federal Economic Competition Commission.

"Best of the Best" Agnico Eagle Mines ( AEM ) is trading at historically cheap multiples, SomaBull writes in an analysis published recently on Seeking Alpha .

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