Glencore to acquire newmont's 18.75% shareholding in the mara project

Toronto, sept. 23, 2022 (globe newswire) -- today glencore international ag (“glencore”) announced, and has made yamana gold inc. (tsx:yri; nyse:auy; lse:auy) (“yamana” or the “company”) aware under the terms of the mara joint venture (“mara jv”), that it has reached an agreement (the “agreement”) to acquire newmont corporation's (“newmont”) 18.75% shareholding in the mara project (“mara” or the “project”). following completion of the agreement, yamana remains the mara jv operator with a 56.25% interest in mara, with glencore owning the remaining 43.75%. yamana welcomes glencore's increased stake in the project and believes the agreement is a positive step for mara, as the consolidation of ownership amongst partners provides a further endorsement of the quality and strategic optionality inherent in the project, as well as underpinning its value.
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