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Yamana Gold Inc. AUY


Primary Symbol: T.YRI

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.


TSX:YRI - Post by User

Bullboard Posts
Post by Logiwaveon Oct 27, 2011 5:11pm
803 Views
Post# 19187796

Comment fromYamana

Comment fromYamanaI just received this reply to my question to Yamana.

The Presidential Decree that was announced in Argentina yesterday will have a minimal impact on Yamana.  The decree requires that all export revenues be repatriated to Argentina, after which there is no restriction on the use or transfer of funds.    Which means we are not required to keep the money in the country.  There will be a very small transaction fee associated with the repatriation and subsequent movement on the  monies which we anticipate to be no more than 1.6%.  Unfortunately the reports on this decree were not entirely accurate and were misunderstood. 
Bullboard Posts