Yamana Gold Appoints Brokers Ahead Of Possible October Float

(Alliance News) - Yamana Gold Inc on Thursday said it it still advancing its London Stock ...

Alliance News 17 September, 2020 | 9:18PM
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(Alliance News) - Yamana Gold Inc on Thursday said it it still advancing its London Stock Exchange listing and expects its shares to start trading on the Main Market before it reports its third quarter results, likely in late October.

The Canadian-based precious metals producer has projects in the Americas, including Canada, Brazil, Chile and Argentina. It has formally engaged Peel Hunt LLP and Joh Berenberg Gossler & Co KG as its nominates UK brokers.

Yamana is evaluating selecting a third broker, possible a larger, international broker with "a significant presence in the UK and wider European market".

"The appointment of corporate brokers in the UK will provide Yamana with a strong local presence by representatives with knowledge of the company and mining industry, the objective being to ensure that Yamana becomes the 'investment of choice' in London for those looking for exposure to gold via an investment in a gold mining company with high-quality assets in the Americas, a strong and sustainable dividend, and proper management of environmental, social, and governance matters," the company said.

"The corporate brokers will also provide support to the company as it endeavours to establish and improve liquidity on the LSE's Main Market, and allow Yamana to expand its share register following access to an enlarged investor base," Yamana added.

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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