https://www.miningweekly.com

Yamana’s Brio Gold to go public in third quarter

9th April 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Canadian miner Yamana Gold on Wednesday announced that subsidiary Brio Gold, which held most of its former Brazilian assets, was expected to go public in the third quarter of this year.

Yamana advised that Brio Gold going public was the “optimal approach” to realising its “considerable value” and plans were progressing for a 'going-public' event.

The company had engaged National Bank Financial and CIBC World Markets as financial advisers to assist in the process of the event.

Yamana had spun-out some of its noncore Brazilian assets into a new subsidiary in efforts to separate its noncore assets, including Fazenda Brasileiro, Pilar and C1 Santa Luz, as well as some related exploration concessions, into Brio Gold.

Yamana reported on Wednesday that Brio Gold produced about 31 000 oz of gold in the first quarter ended March 31 at cash costs of about $825/oz. First-quarter output was consistent with the subsidiary's budget and its mines were on track to produce 130 000 oz of gold at an average cash cost of $730/oz of gold this year.

Edited by Tracy Hancock
Creamer Media Contributing Editor

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.103s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: