Mineros S.A. (BVC:MINEROS) entered into a definitive purchase agreement to acquire Gualcamayo Mine from Yamana Gold Inc. (TSX:YRI) for $60 million on October 25, 2018. The deal value comprises of $30 million payable at closing, and an additional $30 million in cash upon declaration of commercial production of the Deep Carbonates project, which is an undeveloped mineral resource below the existing oxide gold mineralization at Gualcamayo. The transaction is subject to customary regulatory and third party approvals and other customary closing conditions and is expected to close in the fourth quarter of 2018.

Cassels Brock & Blackwell LLP acted as legal advisor, and TD Securities Inc. acted as exclusive financial advisor whereas Tim Schreuders, Juliëtte L. C. Schueler, Sandy van der Schaaf and Corine Vos of Heussen Rechtsanwaltsgesellschaft mbh, Sergio Orrego, Gonzalo Rencoret, Verónica Roa and Rafael Rencoret of Urenda Rencoret Orrego y Dorr and Juan Sonoda, Federico Godoy, Armando Fabián Ricci, Ángeles Martorell and Juan Manuel Nasuti of Beretta Godoy acted as legal advisor to Yamana Gold Inc. N M Rothschild & Sons Limited acted as financial advisor whereas Rebecca Campbell, Stephen Carlton, María Olga Rivera and Mark Richardson of White & Case LLP, Eduardo Wegener and Niela Aranda Briones of CHW Abogados S.p.A. and Sebastián Pedro Vedoya, Sergio Arbeleche, Daniela Rey, Nicolás Usandivaras, Daniela Grud, Nicolás Nogueira Castellini and Mercedes Valin of Bruchou Fernandez Madero & Lombardi acted as legal advisor to Mineros S.A.