Argentina Mine Changes Hands

Argentina Mine Changes Hands

Argentina M&A Canada

Canada’s Yamana has agreed to acquire Argentina-focused mining company Extorre Gold Mines, in a deal valued at approximately CAD395m ($385m), it says. The transaction gives Yamana the Cerro Moro gold and silver project, located in Argentina’s Santa Cruz province. Extorre shareholders are to receive CAD4.26 per share – CAD3.50 in cash and 0.0467 of a Yamana common share – for each Extorre common share they own. The price represents a 54% premium to Extorre’s 20-day volume-weighted average price.

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial