Yamana Gold Announces Completion of $162.5 Million Sale of Exploration Properties, and Filing of Technical Reports for Chapad...
March 29 2018 - 4:15PM
YAMANA GOLD INC. (TSX:YRI) (NYSE:AUY) (“Yamana” or the
“Company”) is pleased to announce it has completed the previously
announced sale of its 50% indirect interest in certain jointly
owned exploration properties of the Canadian Malartic Corporation
for cash proceeds of $162.5 million. The sale did not affect
the Canadian Malartic mine and related assets including Odyssey,
East Malartic, Midway, and East Amphi.
The Company is also providing notice that a
National Instrument 43-101 technical report has been filed with
Canadian securities regulators for each of the Chapada mine in
Brazil and the El Peñón mine in Chile. The new technical
reports support the scientific and technical information related to
Chapada and El Peñón, respectively, contained in the Company’s
annual information form filed concurrently with such reports.
The technical reports are available under
Yamana’s profile on www.sedar.com.
About Yamana
Yamana is a Canadian-based gold producer with
significant gold production, gold development stage properties,
exploration properties, and land positions throughout the Americas
including Canada, Brazil, Chile and Argentina. Yamana plans
to continue to build on this base through existing operating mine
expansions, throughput increases, development of new mines, the
advancement of its exploration properties and, at times, by
targeting other gold consolidation opportunities with a primary
focus in the Americas.
FOR FURTHER INFORMATION PLEASE CONTACT:Investor Relations and
Corporate Communications416-815-02201-888-809-0925Email:
investor@yamana.com
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