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In June, Echo Bay sold its investment in the assets and liabilities of Santa Elina Mines Corporation, a gold exploration and development company in Brazil, to a group of Brazilian investors for $6.
Aura Gold's agreement for these large early-stage claim blocks is with Santa Elina Mines Corporation.
4 million write-down of Echo Bay's investment in Santa Elina Mines Corporation in Brazil to its current market value of $45.
TSX: YRI) (AMEX: AUY) (LSE (AIM): YAU) announces that Santa Elina Mines Corporation, Yamana's principal shareholder, has agreed to sell 6,000,000 shares of Yamana, representing approximately 6.
Business and asset acquisitions On August 12, 2003, the Company acquired the Sao Francisco, Sao Vicente and Fazenda Nova/Lavrinha gold properties ("Santa Elina assets") and the Chapada copper-gold ("Chapada") project in Brazil from Santa Elina Mines Corporation ("Santa Elina").