1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Yamana to buy Samco’s Corina project after P&O agreement cancelled

By:  
Creamer Media Deputy Editor: North America
 
M&A
TSX-V-listed explorer Samco Gold has terminated a 2014 participation and option (P&O) agreement with director Dr Ricardo Auriemma after a strategic review of its business, instead opting to enter into an agreement with Yamana Gold for the sale of the company's Corina property, located adjacent to Yamana's Cerro Moro property, in Santa Cruz, Argentina. In May 2013, the Argentinean Commercial Court of Appeals ruled in favour of Auriemma on the breach-of-agreement case against Northern Orion Resources (GNOR), which was acquired by Yamana in 2007. GNOR was found to have breached a regional alliance agreement with Auriemma relating to dividend payments.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register