About Yamana Gold Inc Yamana Gold Inc. is a precious metals producer.
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He did not say if Yamana would consider raising its bid.
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Approval by Yamana and Agnico Eagle shareholders is not required.
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Eldorado Gold spoke with top shareholders around November and Yamana Gold began such talks last year.
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The Yamana and Agnico-Eagle offer for Osisko is the gold sector's biggest in more than a year.
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Apart from the El Corpus mine owned by Mayan Gold, mid-tier Toronto miner Yamana Gold operates another mine.
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A Yamana spokesman declined to comment, and Goldcorp and Agnico did not immediately respond to requests for a statement.
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Separately, Yamana raised its quarterly dividend by 18 percent to 6.5 cents a share.
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Canadian companies Yamana Gold and Wheaton Precious Metals have both signalled their intention to add a London listing this year.
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For Peter Marrone, chief executive at Yamana Gold, more consolidation will likely occur as stock valuations at larger companies improve.
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Some analysts though were skeptical about Yamana effectively paying a premium without gaining a controlling interest in the asset itself.
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The transaction is backed by Yamana Gold, Brio's biggest shareholder with a 53.6 percent stake.
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Investors will want to know more about a recent arbitration result in Argentina under which Yamana has to pay $244 million.
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The Yamana offer's value depends on the price at which the new Osisko shares would trade, a level that is difficult to forecast precisely.
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Several analysts have said Yamana's pursuit of Canadian Malartic will help the company, whose mines are in South America and Mexico, reduce its geopolitical risks.
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Peter Marrone, CEO of Yamana Gold Inc speaks at the Denver Gold Forum industry conference in Denver September 24, 2013.