March 31, 2016 / 10:43 PM / in 2 years

BRIEF-Yamana Gold announces copper purchase to fund Riacho Dos Machados deal

March 31 (Reuters) - Yamana Gold Inc :

* Yamana announces copper purchase agreement in relation to funding its Riacho Dos Machados acquisition

* Pursuant to aggreement Altius will pay Yamana total advanced payments of $60 million in cash consideration plus 400,000 Altius warrants

* Copper purchase agreement provides Altius with right to receive payments of copper related to production from co’s Chapada mine in Brazil

* Says copper purchase agreement has been entered into to finance purchase of RDM

* Under agreement Yamana will receive total consideration of approximately $61 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below