Yamana Gold grants option with JV rights in Argentina

Yamana Gold (NYSE:AUY) says it entered into an option agreement to sell up to 40% interest in a joint venture formed to hold the Suyai gold project in Argentina’s Chubut province. The initial deal to secure the option is for $2 million but has later amounts including $31.6M in various installments. A moratorium on mining currently is in effect in Chubut province, which must be lifted for the project to receive approval to proceed.

Source: Seekingalpha.com