RE: NO DEALMeridian has very nice grades in their reserves/resources, from $170-$320/ton metal values, depending on which deposit you look at.
Yamana's 0.49g/ton is only $10/ton metal values for the gold and combined with other metals it works out to $23/ton metal values in their resource. The reserve is a little better at $37/ton for the proven reserves and $30/ton for the probable reserves.
If you look at the last financial report they mined .57g/ton gold and 0.47% copper for metal values of $45/ton, about $12/ton from gold and $33/ton from copper from Chapada.
That means what they mine next has imploding revenue because they get way less metals recovered from processing the same amount of ore.
Not sure why copper gets a bad name when in Q1 the copper mine made 87% of the operational earnings.