INVESTORS AND MEDIA 
In the news
The Globe and Mail reports in its Saturday edition that Gold Fields is steaming ahead on its mission to buy Yamana Gold, despite two other big precious-metals companies emerging with a substantially higher offer for the Canadian gold and silver miner. The Globe's Niall McGee writes that Agnico Eagle Mines and Pan American Silver on Friday topped the Gold Fields equity-only offer, with a cash and stock proposal worth $4.8-billion (U.S.). The proposal is a 23-per-cent premium to Yamana's market value, before the deal was announced, and 15 per cent higher than Gold Fields' earlier offer for Yamana was worth. Despite being outgunned, South Africa's Gold Fields said in a release on Friday that its original offer is strategically superior with "lower operational and execution risk," given the company's robust free cash flow, strong balance sheet and technical prowess. Gold Fields said it will continue to work toward closing the transaction, despite the negative reaction it got in the market. Its May offer for Yamana was poorly received, with Gold Fields shares down around 40 per cent in the interim. Two of Gold Fields's biggest shareholders had denounced its 42-per-cent premium offer as making no sense strategically.
