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Yamana proceeds with Brio Gold spinoff

After a botched share offering last year, Yamana Gold (US:AUY) has decided to take advantage of a favourable market reception for yellow metal equities and spin out its Brazil-focused Brio Gold unit.

Yamana proceeds with Brio Gold spinoff Yamana proceeds with Brio Gold spinoff Yamana proceeds with Brio Gold spinoff Yamana proceeds with Brio Gold spinoff Yamana proceeds with Brio Gold spinoff

The Brio Gold spinoff will allow Yamana to concentrate on its six producing mines

Yamana plans to retain a stake in the company, which will house the Fazenda Brasileiro, Pilar, C1 Santa Luz and RDM assets in Brazil, but it has not indicated how much of an interest it intends to