Yamana Gold Announces the Grant of an Option With Joint Venture Rights in Respect of Its Suyai Property in Chubut Province Argentina
Yamana Gold Inc. Ordinary Shares (Canada) (AUY)
Last yamana gold inc. ordinary shares (canada) earnings: 4/30 07:15 am
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yamana.com/english/investors/investor-overview/default.aspx
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Source: GlobeNewswire
TORONTO, April 28, 2020 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or the “Company”) is pleased to announce it has entered into a definitive option agreement (the “Option Agreement”) pursuant to which it has granted a privately-held portfolio management and capital markets company based in Argentina, owned by Messrs. Eduardo Elsztain and Saúl Zang, the right to acquire up to a maximum 40% interest in a joint venture formed to hold the Suyai Project, an advanced stage gold project located in Chubut Province in southern Argentina. Messrs. Elsztain and Zang’s portfolio of controlled companies include Argentina’s biggest real estate company, NASDAQ-listed international agricultural companies, along with banking and mining investments. Through its history, the group has led the successful development of significant construction projects across the country. Under the terms of the Option Agreement, an initial amount of US$2 million will be paid to secure the op
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