Yamana gold completes acquisition of wasamac property and camflo property and mill, and begins advancing wasamac development plans

Toronto, jan. 21, 2021 (globe newswire) -- yamana gold inc. (tsx:yri; nyse:auy; lse:auy) (“yamana” or the “company”) is pleased to announce the successful completion of yamana's acquisition of the wasamac property and the camflo property and mill from monarch gold corporation (“monarch”) through its acquisition of all of the issued and outstanding shares of monarch (the “monarch shares”) not owned by yamana under the previously-announced plan of arrangement (the “arrangement”). in connection with the arrangement, monarch completed a spin-out to its shareholders, through newly formed monarch mining corporation (“monarch mining”), of its other mineral properties and certain other assets and liabilities.
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