Yamana Loses Partner In Argentine Venture

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