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Yamana Gold Inc.
Summary
| Project: | Alumbrera | |
|---|---|---|
| Deposit: | Agua Rica | |
| Location: | Argentina | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 7/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-7-2019: Yamana Gold Inc. announces a Pre-Feasibility Study report for its Agua Rica deposit at the Alumbrera project. PFS results incl. NPV of $1.9B, IRR of 19.7%. TORONTO, July 19, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company | |
| Resources: | ||
| CP/QP: | [Resources]: Felipe Machado de Araújo (Chilean Mining Commission) | |
| ABSTRACT: | TORONTO, July 19, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) is pleased to announce the results of the pre-feasibility study (“PFS”) on the Agua Rica project in the Catamarca Province of Argentina. The positive PFS results follow the March 7, 2019, announcement of a definitive integration plan between Yamana, Glencore International AG (“Glencore”), and Newmont Goldcorp Corporation (“Newmont Goldcorp”) (collectively the “Parties”), which contemplates the development and operation of the Agua Rica project using the infrastructure and facilities of Minera Alumbrera Ltd. (“Alumbrera”), realizing important synergies, lowering initial capital required, and reducing the environmental footprint. The integration plan generates significant synergies and lowers execution risk by bringing together the extensive mineral resource of Agua Rica with the existing infrastructure of Alumbrera to create a unique, high quality, and low risk brownfield project that the Parties believe will bring significant value to shareholders and local communities and stakeholders. This unique and innovative project will serve to position Catamarca as a focal point for development in northwestern Argentina. The Parties are pleased to have collectively advanced the integration of Agua Rica and Alumbrera and now to have advanced the PFS under the oversight and with the support of a technical committee comprised of their respective representatives. The Parties also recognize and appreciate the collaboration of the national government of Argentina and provincial government of Catamarca, along with several state-owned entities, which led to the integration plan thereby supporting advancing the project with the PFS. | |
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