Moody's affirms Yamana's Baa3 rating following announced acquisition by Pan American; outlook stable
Moody's Investors Service ("Moody's") has affirmed Yamana Gold, Inc's ("Yamana") Baa3 senior unsecured ratings following its announcement that Yamana entered into an arrangement agreement with Agnico Eagle Mines Limited ("Agnico") and Pan American Silver Corp. ("Pan American"). The outlook remains...Yamana Gold is engaged in the exploration, development, extraction, processing and reclamation of gold and other precious metals mining throughout the Americas including Brazil, Argentina, Chile, Mexico and Colombia. As of Dec 31 2011, total proven reserves for gold, silver, cooper, zinc and molybdenum was 618,709,000 tonnes, 27,316,000 tonnes, 387,660,000 tonnes, 5,004,000 tonnes and 32,000,000 tonnes, respectively.
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