Gold mining megamerger comes as prices sag

• The deal represents a 33.8% premium over the 10-day volume-weighted average price of Yamana shares, with Yamana shareholders to own a 39% stake in the combined company.
• A final close is expected by year-end, pending regulatory approvals.

More, per the WSJ: "Gold Fields has been working to diversify its operations outside of South Africa, where it faces declining and increasingly hard-to-reach gold reserves and other issues."