Mining News

Gold Fields’ acquisition of Yamana enhances credit quality – Moody’s  

South Africa-based Gold Fields’ $6.7-billion acquisition of Yamana Gold will enhance its credit quality as the combined group will benefit from a bigger scale and broader geographic diversification without any new debt being raised, says credit ratings agency Moody’s. The acquisition of its peer will enlarge Gold Fields’ production footprint from nine gold-producing assets to 14 across eight countries.  Yamana has mines in Canada, Argentina, Chile and Brazil, and Gold Fields has said that the deal fits with its strategy of expanding in “mining friendly” jurisdictions across the Americas.

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