Yamana Gold to Spend $450M on Argentinian Mine

Gold Investing

Canada-based gold producer Yamana Gold (TSX:YRI,NYSE:AUY) is investing $450 million to bring a gold mine in the Patagonia region of Argentina into production by 2015, Reuters reported.

Canada-based gold producer Yamana Gold (TSX:YRI,NYSE:AUY) is investing $450 million to bring a gold mine in the Patagonia region of Argentina into production by 2015, Reuters reported.

As quoted in the market news:

Work on the Cerro Moro mine, located in Puerto Deseado in southern Santa Cruz province, is set to kick off at the beginning of next year, the government said in a statement. It said Yamana Chief Executive Officer Peter Marrone announced the investment at a meeting with mining authorities.

Click here for the full Reuters article

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