Likely with Yamana Croinor requires $30M to put into production. Resources currently at 200K with only a very small fraction (5 sq km) of the 150 sq km property explored. IMO, I can see Yamana doing a JV with Monarch first on Croinor to get it into production and further exploration. Croinor has potential to be a multimillion ounce property and maybe open pit.
https://www.mining.com/yamana-gold-intends-to-list-on-lse/
But Marrone said there were few assets that could deliver high returns and he preferred a transaction that was a merger of equals.
“Not an acquisition but a combination, perhaps through similarly-sized companies creating further critical mass. We are very open and receptive to that, we recognise that size does matter,” he said.