Impressive increase in both size and grade from the 2013 resource estimate at its 100%-owned McCoy-Cove project in world-class gold district.
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Charles Ronkos has joined the company as Executive Vice-President, Project Development - Americas.
Yamana will receive consideration in the form of cash and equity securities, the value of which was $140 million at the time of negotiations.
The stock has traded up 17.25% to $3.37 in the last five days.