Lundin Mining Corp. has signed a deal to buy the Chapada copper-and-gold mine in Brazil from Yamana Gold Inc. in a deal worth more than US$800 million. Under the agreement, Lundin will pay US$800 million in cash for the mine while Yamana will retain a 2.0 per cent net smelter return royalty on future gold production from the Suruca gold deposit. Yamana will also receive contingent payments of up to US$125 million over five years if certain gold price thresholds are met and contingent consideration of US$100 million on potential construction of a pyrite roaster READ HERE
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