Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2023business combination● NeutralMajor
Yamana filed the schedule to its Articles of Arrangement. It creates a Class A Common Share with two votes per share, then re-designates the issued Class A shares as ordinary Common Shares with one vote and cancels the unissued Class A and old Common authorizations. This is the share restructuring step of the plan of arrangement. The filing was signed by Christopher Lemon as President and Director, not Sofia Tsakos. The excerpt does not say what shareholders received.
Pan American Silver announced it completed its acquisition of Yamana Gold. This closes out the arrangement that replaced the terminated Gold Fields deal. Only the cover page and exhibit index are provided, so the consideration paid to shareholders is not shown in this filing.
The proxy advisory firms ISS and Glass Lewis recommended that Yamana shareholders vote for the proposed arrangement with Pan American and Agnico Eagle. This continues the replacement deal after the Gold Fields termination. The shareholder vote result is not shown.
Yamana announced the termination of the Gold Fields arrangement agreement and confirmed activation of an arrangement agreement with Agnico Eagle and Pan American. This ends the Gold Fields deal from May 2022 and replaces it with a new buyer group. Terms are not in the excerpt.
Yamana filed the full Gold Fields arrangement agreement dated May 31, 2022, plus voting agreements and a material change report. Under it Gold Fields would acquire all Yamana shares, with each share receiving 0.600 of a Gold Fields share. It requires Yamana shareholder approval and court approval, and has termination fee provisions. This is the formal paperwork for the May 31 announcement.
Yamana filed a release saying Glencore will acquire Newmont's 18.75% shareholding in the Mara Project. Glencore made the announcement and provided it to Yamana. The text does not say what this means for Yamana's own interest in Mara, so no implication is drawn.
Yamana announced positive exploration results at Odyssey and Wasamac, continued East Gouldie drilling showing expansion potential, and Wasamac infill results supporting an expanded production scenario (per the title). Only the cover page and exhibit index are provided, so no drill figures are shown.
Gold Fields announced it will acquire Yamana. The title calls it a combination creating a top-4 global gold major. The accompanying Oct 2022 filing shows the agreement dated May 31, 2022 gives Yamana shareholders 0.600 of a Gold Fields share per Yamana share. This is a new take-over thread; the deal was not yet completed.
Yamana announced positive exploration results at El Peñón, Odyssey and Wasamac, completed a TCFD climate action report, and noted an Investor Day on April 5. This follows the climate-related policy adopted in the 2021 results. Only the cover page and exhibit index are provided, so no drill figures are shown.
Yamana reported updated mineral reserves and resources, which the title says underpin increasing mine lives across its portfolio. Only the cover page and exhibit index are provided, so the reserve and resource numbers are not shown.
Yamana announced the discovery of new mineralized zones at Wasamac and an update on its growth projects. Detailed drill results were offered as a separate PDF and are not in the filing text provided, so no figures are shown.
Yamana reported positive initial exploration drill results at Wasamac and an update on its generative exploration program. This continues the Wasamac work from 2021. Only the cover page and exhibit index are provided, so no drill figures are shown.
Yamana reported positive exploration results at its producing mines, with new zones and targets identified at all operations that could expand the resource base and mine life (per the title, which is truncated). Only the cover page and exhibit index are provided, so no drill figures are shown.
Yamana repurchased a further 1,584,500 common shares, bringing the cumulative total under the repurchase program to 3,321,276 shares for approximately C$18 million. This continues the buyback begun on August 16.
Yamana repurchased an initial 1,736,776 common shares under its share repurchase program for approximately C$10 million. This is the first buyback reported in the record seen so far.
Yamana announced it will redeem its outstanding senior notes using cash on hand and proceeds of the just-completed US$500 million 10-year note offering. The title says this significantly reduces outstanding debt and extends maturities (title truncated). This resolves the purpose of the August 4 pricing. The amounts redeemed are not shown.
Yamana announced the pricing of US$500 million of 10-year unsecured senior notes. Only the cover page and exhibit index are provided here, so the interest rate and use of proceeds are not shown, though the next filing links the proceeds to a note redemption.
Yamana reported significant progress on the Phase 2 expansion at Jacobina and strong exploration results. The title says costs to complete Phase 2 are significantly reduced compared with the original estimate and that Phase 3 evaluation is advancing. This follows the Phase 2 pre-feasibility study in the 2020 report. Only the cover page and exhibit index are provided, so no cost or drill figures are shown.
Yamana gave notice of a Wasamac Project feasibility study update (title truncated). This continues the June 2021 announcement about Wasamac timing. Only the cover page and exhibit index are provided, so no study results or dates are shown.
Yamana announced a timeline for its Wasamac feasibility study update and development decision, and the acquisition of properties next to Wasamac. The title describes them as structural extensions of gold mineralization. This follows the January 2021 Wasamac acquisition. Only the cover page and exhibit index are provided, so the timing, price and terms are not shown.
Yamana filed updated NI 43-101 technical reports for the El Peñón mine in Chile (effective Dec 31, 2020, signed March 25, 2021) and the Canadian Malartic mine in Quebec. The El Peñón table of contents shows resource, reserve and life-of-mine sections, but no figures are visible in the excerpt.
Yamana reported strong fourth quarter and full year 2020 results, delivered technical study results for the Odyssey underground project at Canadian Malartic with a construction decision approved, and adopted a climate-related item (title truncated). Only the cover page and exhibit index are provided, so no financial or study figures are shown.
Yamana announced it completed the acquisition of the Wasamac property and the Camflo property and mill, and is starting to advance Wasamac development plans. This appears to be the completion of the Monarch acquisition announced in November 2020, which is an inference as the text does not name Monarch. Price and terms are not shown.
Yamana outlined 2021 plans for its generative exploration program and reported positive advances at Lavra Velha, Monument Bay and Borborema, and added two early-stage projects (title truncated). Only the cover page and exhibit index are provided, so no figures are shown.
Yamana announced a friendly acquisition of Monarch, expanding its footprint in the Abitibi region (where Canadian Malartic is located). Only the cover page and exhibit index are provided, so the price, consideration and conditions are not shown.
Yamana gave an exploration update at Canadian Malartic, its mine interest with Agnico Eagle, and announced positive drill results from East Gouldie. Only the cover page and exhibit index are provided, so the drill figures are not shown.
Yamana reported exploration success in new areas at Minera Florida, which the title says could significantly expand the resource base and increase mine life, plus El Peñón results (title truncated). Only the cover page and exhibit index are provided, so no drill results are shown.
Yamana raised its dividend by a further 12%. The title says this is the fourth increase announced in the past year, for a cumulative increase of 250%. This continues the May 2020 increase; the new per-share amount is not shown.
Yamana filed an NI 43-101 technical report on the Jacobina gold mine in Bahia, Brazil (effective December 31, 2019, signed May 29, 2020), written by Yamana staff plus an SLR consultant. The table of contents shows it includes a Phase 2 expansion pre-feasibility study, but the resource, reserve and cost figures are not visible in the excerpt.
Yamana announced the filing of a technical report (the title is truncated). Only the cover page and exhibit index are provided; the Jacobina report filed the same day suggests it is that report, as an inference.
