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February 13, 2013
08:16 EDTAUYYamana Gold announces 44% increase to mineral resources at Cerro Moro
Yamana Gold provided an update on its Cerro Moro gold project in Santa Cruz, Argentina, reporting initial indicated mineral resource of 1.95M gold equivalent ounces, an increase of 44% from the previous estimate before the company acquired the project, contained in 4.16M tonnes with an average GEO grade of 14.6 grams per tonne; and an inferred mineral resource of 490,000 GEO contained in 3.60M tonnes with an average GEO grade of 4.2 g/t. The company said its 2013 exploration program at Cerro Moro will focus on drill testing eight priority target areas located on the northern La Negrita block, an entirely new zone, and drill testing existing geologic targets, geochemical anomalies and vein extensions within nine priority target areas in the southern Escondida block, which contains the majority of current known mineral resources. The 2013 exploration drilling program at Cerro Moro commenced in mid-January and is already demonstrating success. The company is expecting to spend $12M in 2013 on exploration to execute the 25,000 metres of drilling with the goal of expanding the areas of mineralization to the La Negrita block and to add significantly to the mineral resource base.
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June 17, 2015
15:23 EDTAUYMega Precious Metals shareholders approve merger with Yamana Gold
Mega Precious Metals announced that, at its annual and special meeting of shareholders held Wednesday, shareholders of Mega approved the previously announced plan of arrangement with Yamana Gold. Under the arrangement, Yamana will acquire all of the outstanding shares of Mega for consideration of 0.02092 of a Yamana share and C$0.001 in cash per Mega share. The arrangement was approved by approximately 91% of the votes cast at the meeting. Mega will be applying for the final court approval of the arrangement on June 19. It is anticipated that the closing of the deal will occur on June 22.

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