TSO 2.94% 3.5¢ tesoro gold ltd

Yes, the deal to acquire Yamana was an all-share transaction....

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    Yes, the deal to acquire Yamana was an all-share transaction. According to the Media Release by Gold Fields referencing the termination of the deal, the CEO stated that they would pursue other value creating strategic opportunities. Presumably, Tesoro is one of the South American opportunities they may have in mind. Somewhat interesting is the fact that the Media Release was dated 8 November 2022. Within a fortnight they had inked the strategic investment in Tesoro. Its a long bow but one event could have been influenced by the other.

    The terms of the agreement with Tesoro includes the right for Gold Fields to match any proposed third-party participation. Yamana got away but Gold Fields has been prudent to keep Tesoro in play for itself if the regional exploration becomes interesting.
 
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