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GOLD: Yamana raises $178M on sale of Mercedes mine, warrants
TORONTO – Yamana Gold has fattened its treasury by $178 million with the sale of its Mercedes gold-silver mine in Sonora, Mexico, and the sale of Sandstorm Gold warrants. About $156 million is earmarked for debt reduction. The company continues…
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GOLD: Premier to buy Mercedes mine from Yamana
MEXICO – Premier Gold Mines of Thunder Bay, ON, has signed a definitive share purchase agreement with Yamana Gold of Toronto to acquire Yamana’s Mercedes gold-silver mine in Sonora state. Premier has agreed to pay US$140 million in cash and…