- Yamana Gold (NYSE:AUY) says it will proceed with the construction of the Cerro Moro gold and silver mining project in Argentina.
- The current plan indicates average annual production in the first three years of full production of 135K oz. of gold and 6.7M oz. of silver.
- AUY estimates total project capital for the life of mine of $398M, including $265M in initial capital and $133M life of mine sustaining capital.