The Canadian Malartic open-pit gold mine in northwestern Quebec. (Image courtesy of Canadian Malartic)
Yamana Gold (TSX:YRI; NYSE:AUY; LSE:AUY) announced that at a special meeting of shareholders held Tuesday, Yamana shareholders voted overwhelmingly in favour of approving the previously announced acquisition by Pan American Silver of all of the issued and outstanding common shares of the company following the sale by Yamana of its Canadian assets, including subsidiaries and partnerships which hold Yamana’s interests in the Canadian Malartic mine, to Agnico Eagle Mines Limited.
As announced in November, Agnico Eagle Mines (TSX, NYSE: AEM) and Pan American Silver (TSX, NASDAQ: PAAS) are buying fellow Canadian miner Yamana Gold (TSX: YRI), (NYSE: AUY), (LON: AUY) in a $4.8 billion cash-and-shares transaction.
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