Growth - Value - Vision

Brazil, Argentina, Chile, Mexico - Yamana is targeting sustainable gold production of 2.2 M oz of gold by 2012.

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Message: Gualcamayo Argentina

Gualcamayo Argentina

posted on Jan 06, 2009 12:38PM

in my dd research on Gold Arrow Research who holds a 1% royalty on this lease....and talk of production...can anyone advise Yamama's production status....I found a reference to envir. study and permit licensing and a plant (mill) being being developed....and end 2008 production....but has it started or when is it expected?

from a Yamama NR

The baseline work for the Environmental Impact Statement (EIS) was completed in mid-2006 and the EIS document was submitted to the San Juan authorities in late 2006. In terms of the provincial law, the government now has 45 working days to review and determine whether a permit should be issued.

The Company is very confident that it will receive authorization within the required time frame and expects that construction will commence in mid-2007 with commission of the plant in mid-2008.

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Jan 09, 2009 03:53AM
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