Should the arrangement with Gold Fields be terminated, Yamana Gold would have to pay a termination fee of US$300 million. In parallel, the arrangement with Pan American Silver–once activated after Gold Fields arrangement expires–will include a reciprocal termination fee of US$250 million, payable by Yamana Gold to Pan American Silver, or US$375 million payable from Pan American Silver to Yamana Gold, depending on who will terminate the agreement.