October 29, 2018 |
Canada's Yamana Gold and Colombian mining firm Mineros have agreed to trade a 100% stake at the Argentinian mine at Gualcamayo.
Yamana also agreed to grant Mineros an option to buy a 51% stake in the La Pepa gold mining project in Chile.
According to a company statement, the terms of the transaction for control of the Gualcamayo mine include a $30m payment due at closing, with an additional $30m in cash upon production of the deep carbonates project below the oxide gold mineralization in Gualcam
Canadian and Colombian gold miners trade stakes at the Gualcamayo project