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Feb 11 (Reuters) - Yamana Gold Inc will go ahead with building a mine at its Cerro Morro gold and silver project in Argentina, the Toronto-based gold miner said on Wednesday. The cost to build and sustain the mine is expected to be $398 million, Yamana said in a statement. Under the current plan, the mine will produce on average 135,000 ounces of gold and 6.7 million ounces of silver a year in the first three years of full production. (Reporting by Nicole Mordant in Vancouver; Editing by Grant McCool)
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Yamana Gold Inc.
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PRODUCER |
CODE : YRI.TO |
ISIN : CA98462Y1007 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Yamana Gold is a gold producing company based in Canada. Yamana Gold produces gold, copper, molybdenum, silver and zinc in Argentina, in Brazil and in Chile, develops copper, gold, lead, molybdenum, silver and zinc in Argentina and in Mexico, and holds various exploration projects in Brazil. Its main assets in production are ALUMBRERA and GUALCAMAYO in Argentina, MINERA FLORIDA and EL PEÑON in Chile and CHAPADA MINE, JACOBINA, FAZENDA BRASILEIRO, FAZENDA NOVA, SÃO FRANCISCO and SÃO VICENTE in Brazil, its main assets in development are AGUA RICA in Argentina and MERCEDES in Mexico and its main exploration properties are FERGUSSON ISLAND in Papua New Guinea, MILLO in Peru, PICACHO in Mexico, CAIAMAR, ERNESTO, C1 SANTA LUZ, PILAR and PAU A PIQUE in Brazil and AMANCAYA and JERONIMO in Chile. Yamana Gold is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 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. |