Gold Fields will not make counter-bid for Yamana Gold

The board of South Africa's Gold Fields will not change the terms of its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, Qazet.az reports according to company.

Gold Fields' decision reflects "commitment to capital discipline" and the "fairness" of its offer for shareholders in both Gold Fields and Yamana, the South Africa-listed miner said on Monday.