On November 8, 2022, Gold Fields announced that as a result of Yamana Gold Inc entering into an arrangement agreement with Pan American Silver and Agnico Eagle Mines and announcing a change in recommendation, it has terminated the arrangement agreement in respect of the Transaction. In accordance with the terms of the arrangement agreement, Yamana is required to pay Gold Fields a termination fee in the amount of US$300m within two business days from the date hereof.
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