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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.