Background Gold Fields is to buy Yamana Gold in an all-share offer valued at $ 6.7bn . The transaction , expected to close in the second half of 2022 , will see Gold Fields and Yamana shareholders own approximately 61 % and 39 % of the combined group , respectively .

How significant is the deal ? The acquisition creates a top four global gold major and provides Gold Fields with a more diversified portfolio .

The new entity will have a market capitalisation of $ 15.9bn and feature 14 operating assets with 81mn oz of gold reserves , according to a newly launched website .

Which Yamana Gold asset join Gold Fields ’ portfolio ? There are four key ones : Canadian Malartic ( Canada ), El Penon ( Chile ), Jacobina ( Brazil ) and MARA ( Argentina ).

What is the strategic rationale to the deal ? Chris Griffith , CEO of Gold Fields , said the acquisition brings together two companies with complementary portfolios , cultures and strategic priorities .

The result is a combination with much greater capacity and potential value than the sum of its parts , enabling the supergroup to enhance its assets more efficiently over the long-term than they could as separate companies .

What is Gold Fields ’ sustainability targets ? Gold Fields is aiming for a 50 % reduction in absolute Scope 1 and 2 emissions by 2030 , and net zero emissions by 2050 . It is also targeting 80 % recycled / reusable water by 2030 .

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