Yamana enters into arrangement agreement with pan american and agnico eagle regarding their binding offer and recommends against the gold fields transaction

Vancouver, bc and toronto , nov. 8, 2022 /prnewswire/ - pan american silver corp. (tsx: paas) (nasdaq: paas) ("pan american") and agnico eagle mines limited (tsx: aem) (nyse: aem) ("agnico eagle") are pleased to announce that yamana gold inc. ("yamana") has executed and delivered the arrangement agreement (the "pan american-agnico agreement") providing for our previously announced definitive binding offer dated november 4, 2022 (the "pan american-agnico transaction") pursuant to which pan american would acquire all of the issued and outstanding common shares of yamana (the "yamana shares") and yamana would sell certain subsidiaries and partnerships which hold yamana's interests in its canadian assets to agnico eagle, including the canadian malartic mine. see pan american's and agnico eagle's joint press release of november 4, 2022 for a detailed description of the pan american-agnico transaction.
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