Chapada mine

Last updated
Chapada mine
Chapada Mine, Goias (cropped).jpg
Satellite image of Chapada mine. The cities of Alto Horizonte (upper right) and Nova Iguaçu de Goiás (bottom) can be seen.
Location
Goiás
Country Brazil
Production
Products Gold
Owner
Company Lundin Mining
Year of acquisitionApr 2019

The Chapada mine is one of the larger gold mines in Brazil, and in the world. [1]

The mine is located in Goiás state, in the central part of Brazil. [1]

The mine has estimated reserves of 6 million oz of gold and 3.8 million oz of silver. [1] In a transaction between two Canadian mining companies, Yamana Gold announced the sale of the Chapada mine to Lundin Mining on the 15th of April 2019. [2]

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Yamana Gold Inc. is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Headquartered in Toronto, the company was founded in 1994 and became listed on the Toronto Stock Exchange in 1995, the New York Stock Exchange in 2007, and the London Stock Exchange in 2020. The company became a gold producer after its 2003 re-restructuring in which Peter Marrone took over as chief executive officer and it merged with Brazilian company Santa Elina Mines Corporation. The combined company was able to use Yamana's access to capital with Santa Elina development properties to bring the Chapada mine into production. From there the company combined with other TSX-listed companies RNC Gold, Desert Sun Mining, Viceroy Exploration, Northern Orion Resources, Meridian Gold, Osisko Mining and Extorre Gold Mines which each contributed either a producing mine or a development project that was able to come into commercial production. The company was acquired by Pan American Silver in March 2023.

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References

  1. 1 2 3 "Chapada". yamana.com. 2013. Archived from the original on 2013-06-22. Retrieved 2013-07-02.
  2. Yamana Sells Chapada Mine To Lundin Mining For Over $1 Billion, kitco.com