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The planned all-share takeover has been received with reservations by some investors who argue the proposed deal is dilutive to Gold Fields' shareholders which outweighs any potential gains in longer-term output growth or dividend increases.
The first of the roadshows will kick off in San Francisco, United States on July 13 and ends on July 27 in Cape Town, South Africa, a Gold Fields spokesman in Johannesburg said.
Roadshows are scheduled to take place in Canada, the UK and Florida, United States.
Gold Fields share price have remained roughly 20% below the level prior to its bid and Yamana's share price is around a 13% discount to the share offer.
Gold Fields held a 2.5 hour long presentation in Johannesburg on July 11 giving its rationale for the deal.
But some analysts remain to be convinced of the merits of the deal.
"While we appreciate the additional details Gold Fields' management provided on the medium-to-long term value enhancement potential within the Yamana portfolio, the ability to unlock significant value in the near-term remains limited in our opinion," said analysts at BMO Capital Markets today.
"In addition, while the enhanced dividend policy is incrementally positive, we are not convinced whether the additional approx 1% yield...adequately incentivize Gold Fields shareholders for the significant near-term dilution."
Two greenfield projects either do not meet Gold Fields' investment criteria in its current form - the Wasamac, Canada project - or are too long-dated - Mara in Argentina – for investors to care about in the near-to-medium term, it said.
Yamana Gold has stongly backed the proposed deal which was announced by Gold Fields on May 31 this year.
