Austral picks up Yamana project

AUSTRAL Gold has signed a $US12 million ($A12.7 million) deal with Canada’s Yamana Gold to acquire the Amancaya gold project in Chile.

Austral picks up Yamana project Austral picks up Yamana project Austral picks up Yamana project Austral picks up Yamana project Austral picks up Yamana project

Of the purchase price, $3 million is payable on the close of the transaction, followed by six-monthly instalments.

Yamana will also receive a 2.25% net smelter return on production from the project.

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