Miners Yamana Gold Inc, Glencore and Goldcorp Inc said on Thursday they signed a...
Visitors to the Yamana Gold mining company booth speak with representatives during the Prospectors and Developers Association of Canada annual convention in Toronto, Ontario, Canada March 4, 2019. REUTERS/Chris Helgren
The integration of Yamana’s Agua Rica project in northern Argentina with the three companies’ Alumbrera mine has merit because of the proximity of those assets, the companies said in a joint statement. With the integration, there is opportunity to increase financial benefits and reduce both the project’s complexity and environmental footprint, they said.
Upon completion of the agreement, Yamana would own 56.25 percent of the combined Agua Rica and Alumbrera assets, with Glencore owning 25 percent and Goldcorp owning 18.75 percent of it.
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