Yamana Gold to build gold-silver mine in Argentina

Wed Feb 11, 2015 5:56pm EST
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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)