Last year, the gold market saw several monumental mergers and acquisitions (M&A), and 2022 is following that same pattern. Depleting gold reserves, market pressure to bolster valuations and gold asset scarcity are sending larger miners on the lookout for gold exploration companies with higher-quality projects. The latest deal to hit the gold space came last week when South African mining group Gold Fields (NYSE:GFI) agreed to buy Yamana Gold Inc. (NYSE:AUY) in an all-stock deal valued at $6.7 billion. According to Gold Fields’ CEO Chris Griffith, the Company wanted to grow its pipeline, create a presence in Canada ...
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Massive $6.7 Billion Gold Deal Signals More M&A on the Horizon