Yamana Gold
The company is targeting sustainable production of approximately 2.2 million gold equivalent ounces in 2012.
Yamana Gold raises C$100 million
Yamana Gold, the North and South American gold producer and developer with which is listed in Toronto, New York and London, said it had entered into an agreement with Cannacord Capital and Scotia Capital to place 16.7 million shares at C$6.00 per share to raise approximately C$100 million.
Yamana has also agreed to grant to Cannacord and Scotia an option to purchase up to an additional 2.5 million shares on the same terms and conditions. If the Over-Allotment Option is exercised in full, the total gross proceeds to Yamana will be C$115 million.
Yamana said it would use the proceeds for ongoing operating and working capital requirements, and possibly to reduce the level of debt
Other Yamana Gold articles
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06/08/10 Yamana Gold reports 78% increase in net income of $170 million in first half
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13/01/09 Yamana Gold anticipates gold production of 1.4-1.5 million ounces in 2010
Other Yamana Gold news
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05/05/10 Yamana Gold maintains guidance, boosts dividend by 50%
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04/03/10 Yamana Gold total production clears 1 milllion gold equivalent ounces in 2009
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26/01/10 Yamana Gold green lights Ernesto/Pau-a-pique gold mine development in Brazil
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13/01/10 Shares in Yamana Gold under pressure after production guidance dissapoints
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22/12/09 Yamana Gold gains funding for next growth phase with increased US$680m credit facility and US$270m debt offering
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14/09/09 Yamana still finding more high-grade gold mineralization at Mercedes in Mexico
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17/06/09 Yamana Gold updates on development projects
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06/05/09 Yamana Gold reports exceptional first quarter results, costs continue to decline
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