CAPITAL MARKETS

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.

Kristie Batten
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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