3rd Dec 2020 20:53
Yamana Gold Inc - Canadian-based precious metals producer - Says it is making "significant progress"’ in the first year of its generative exploration programme in Lavra Velha, Brazil and Monument Bay, Canada projects, despite limited drilling activity due to Covid-19 restrictions. Lavra Velha hosts stacked, flat-lying mineralized zones that are oxidized near the surface. Exploration is expanding the known oxide mineral resource base, and the deposit is being evaluated as a potential open pit prospect relying on heap leaching for recovery. Monument Bay is a four-kilometre long mineralized Archean shear zone with steeply plunging higher-grade mineralized shoots that is being considered as a potential underground higher-grade prospect.
Current stock price: 405 pence
Year-to-date change: listed in October
By Arvind Bhunjun; [email protected]
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