| Yamana Gold plans to list shares of Brio unit in third quarter | |
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(Adds details on Brio's performance, background) April 8 (Reuters) - Yamana Gold Inc plans to make its Brio Gold unit a publicly listed company in the third quarter to realize the unit's "considerable value," the Canadian gold producer said on Wednesday. Yamana has engaged National Bank Financial Inc and CIBC World Markets Inc as financial advisers to assist in the listing, it said in a statement. Yamana did not provide any details on how shares in Brio would be offered to the public. Yamana created Brio in December 2014 by parceling off some of its noncore Brazilian assets into a subsidiary. It said on Wednesday that "considerable progress" has been made to improve the operations at its producing mines. It noted efforts at Brio's C1 Santa Luz mine have advanced more quickly than anticipated. Brio Chief Executive Gil Clausen said last month that a public listing of the unit could be in the cards for 2015, as well as acquisitions of modest-sized assets. (Reporting by Nicole Mordant in Vancouver)
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Yamana Gold Inc.
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PRODUCER |
CODE : YRI.TO |
ISIN : CA98462Y1007 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Yamana Gold is a gold producing company based in Canada. Yamana Gold produces gold, copper, molybdenum, silver and zinc in Argentina, in Brazil and in Chile, develops copper, gold, lead, molybdenum, silver and zinc in Argentina and in Mexico, and holds various exploration projects in Brazil. Its main assets in production are ALUMBRERA and GUALCAMAYO in Argentina, MINERA FLORIDA and EL PEÑON in Chile and FAZENDA BRASILEIRO, JACOBINA, CHAPADA MINE, SÃO VICENTE, FAZENDA NOVA and SÃO FRANCISCO in Brazil, its main assets in development are AGUA RICA in Argentina and MERCEDES in Mexico and its main exploration properties are MILLO in Peru, FERGUSSON ISLAND in Papua New Guinea, PICACHO in Mexico, CAIAMAR, PILAR, PAU A PIQUE, C1 SANTA LUZ and ERNESTO in Brazil and AMANCAYA and JERONIMO in Chile. Yamana Gold is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 7.5 billions as of today (US$ 6.0 billions, € 5.5 billions). Its stock quote reached its highest recent level on December 06, 1996 at CA$ 98.91, and its lowest recent point on August 22, 2003 at CA$ 1.20. Yamana Gold has 948 040 000 shares outstanding. |