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Market: TSX NYSE LSE
Sector: Gold Mining
EPIC: YAU
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Yamana Gold
www.yamana.com
Yamana Gold Inc. is a Canadian-based gold producer with significant gold production including other precious metals and copper, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico, Central America and the United States. Yamana has seven operating mines and five development projects providing direct employment opportunities to over 8,700 individuals. 

The company is targeting sustainable production of approximately 2.2 million gold equivalent ounces in 2012.
Full Yamana Gold profile here
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Yamana Gold raises C$100 million

10th Dec 2008, 12:00 am

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


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