Project Development Highlights
Enters earn-in on Jacobina, spending US$2 MM to earn 51% interest. Historical producing mine with 3.5 MM oz Au mineral resource.
Acquires option on remaining 49% Jacobina interest for cash payment of C$5 MM.
Buys back Jacobina 1.7% NSR for $200k.
Announces positive Jacobina Feasibility Study.
Peter Tagliamonte appointed as COO.
Exercises option to acquire 100% of Jacobina.
Expands land holdings in Bahia Gold Belt.
Secures $15 MM credit facilty - Jacobina now fully funded.
Receives operating permit for Jacobina.
Intercepts 21.9 m at 5.46 g/t Au along Bahia Gold Belt.
First gold pour at Jacobina.
Announces resources of 5.3 MM oz Au at Jacobina.
Yamana announces acquisition of Desert Sun for 0.6 Yamana share per Desert Sun share.
Sells Cerro Quema (US$6 MM), $26 MM private placement, 3 new directors elected (Stan Bharti, Joe Milbourne, and George Faught). Proceeds to convert Libertad from heap leach to mill operation and exploration.
Reports positive drilling results at Limon (depth and strike extension).
Receives full environmental approval for Libertad Mine.
Announces positive Libertad Feasibility Study.
Drills 15.4 m at 8.76 g/t Au at Limon.
Announces US$22.5 MM debt financing. Proceeds intended to complete Libertad construction.
Bank terminates debt financing due to Global Financial Crisis.
Announces high grade intercepts at Libertad.
Announces Linear Gold to merge with Central Sun, 0.4 shares of Linear Gold per share of Central Sun.
Receives superior offer from B2Gold, 1.28 shares of B2 per share of Central Sun.
Granted concession-wide exploration permit for Shahuindo, resolving legacy ownership issues.
Commences drilling activities.
Expands mineralization at Shahuindo and identifies potential to extend the mineralized corridor.
Reports continued drilling success, intersects 1.29 g/t Au over 48 m.
Discovers new mineralized zone at Shahuindo and announces positive drill results.
Announces updated resource estimate, increasing oxides 121% to 1.97 MM oz Au and sulphides 397% to 1.44 MM oz Au.
Purchases 1.5% NSR on Shahuindo for US$11 MM.
Identifies new parallel mineralized structure at Central Corridor (Shahuindo).
Announces positive Shahuindo Feasibility Study.
Enters $125 MM project finance mandate with Credit Suisse.
Agnico Eagle makes strategic investment of C$24 MM.
Receives development approval from Peru's Ministry of Energy and Mines.
Announces Rio Alto to acquire Sulliden, Sulliden to receive 0.525 shares of Rio Alto and 0.10 shares of SpinCo (East Sullivan and C$25 MM cash) per Sulliden Share. SpinCo is named "Sulliden Mining Capital" and begins trading on the Toronto Stock Exchange in August 2014.