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Yamana Gold - Toronto, Canada-based mining company - Estimates up to 28.66 grammes of gold per tonne at its Odyssey exploration. UGOD-016-051 is the hole with the highest gold estimate, over 6.62 metres. Expects up to 6.93 grammes of gold per tonne at its East Gouldie Infill and up to 4.11 grammes of gold per tonne at its East Gouldie Extension Exploration.
‘Drilling is expected to significantly expand the inferred resource envelope. These new indicated resources will provide the basis for updated technical studies in 2023 that will allow definition of mineral reserves for the Odyssey underground project over the next few years, starting at the end of 2022,’ firm says.
Yamana Gold has a market capitalisation of $4.56 billion and is since May a target of a $6.7 billion takeover bid by Johannesburg-based Gold Fields Ltd.
Current stock price: 397.00 pence
12-month change: up 25%
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