Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Partly Cloudy Night 32° Partly Cloudy
News >  Nation/World

Yamana Loses Partner In Argentine Venture

From Staff And Wire Reports

Yamana Resources Inc., a Canadian company with offices in Spokane, said its partner has pulled out of its Argentinian mining project. Yamana said it will proceed with the project on its own.

Westmin Resources Ltd. decided not to continue drilling at Yamana’s Fin del Mundo project, in southern Argentina because of corporate decisions, said Greg Taylor, vice president of Yamana’s corporate development.

Westmin spent $1.8 million since the project began last year and planned to spend a total of $6.3 million over a four-year period, Taylor said.

Yamana had not planned to spend any money on the project, but will now invest less than $1 million this year. Yamana will continue looking for other partners in the project, Taylor said.

, DataTimes

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.


Annual health and dental insurance enrollment period open now

 (Courtesy Washington Healthplanfinder)
Sponsored

2020 has been a stressful year for myriad reasons.