Yamana's Chapada copper-gold mine is expected to produce 54,500 tonnes of copper and 100,000 ounces of gold in 2019. Courtesy of Yamana Gold.

The purchase has Lundin paying Yamana US$800 million in cash pending the closing of the deal and would also include further contingent considerations of US$125 million if certain gold price thresholds are met and US$100 million on the potential construction of a pyrite smelter. The deal also includes a two per cent net smelter royalty on future gold production at the Suruca gold deposit located seven kilometres northeast of Chapada.