Home / Daily Briefs / 2018 / 29 / Mineros charts Argentina, Chile strategy

Mineros charts Argentina, Chile strategy

Mineros charts Argentina, Chile strategy

October 29, 2018 | Mario Marroquin
Canadian and Colombian gold miners trade stakes at the Gualcamayo project

Corporate & Sovereign Strategy Argentina Canada Chile Colombia

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

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