RE: Peter Marrone Chairman of the Board of Directors at MBACPeter Marrone's Yamana Gold Inc. (YRI) also had an up day, rising 38 cents to $5.68 on 8.04 million shares. The company has arranged a $260-million bought deal with a syndicate of underwriters led by Canaccord Genuity. The gold miner plans to use the money reducing debt and improving its balance sheet. As of Sept. 30 it had $2-billion in long-term payables and $145-million in working capital. To help its all-in cash costs, the company is about to spin out four of its non-core Brazilian gold projects to a new company, Brio Gold Inc. Two of the projects are in production but suffering from high cash costs; the third is production-ready and the fourth is in the exploration stage. The spinout should help Yamana keep its all-in cash costs below $800 an ounce this year. Its stock is trading at a five-year low, and has fallen from $20 in late 2012