AUY - Yamana Gold: Playing Offense While Most Majors Playing Defense
- Yamana Gold announced its intention to acquire Monarch Gold's Wasamac Project and Camflo Property/Mill for US$114 million.
- This deal allows Yamana to potentially add 150,000 ounces of annual production in a Tier-1 jurisdiction for a dirt-cheap price of just US$39.58/oz.
- This is an incredible deal for Yamana as it adds early-stage organic growth potential with the Camflo Mill, as well as gold production within 2 years at Wasamac.
- Yamana Gold investors should be very pleased if this deal goes through as this represents a significant discount from the price paid per ounce in Tier-1 jurisdictions recently.
For further details see:
Yamana Gold: Playing Offense While Most Majors Playing Defense