Yamana's Agua Rica project will use the infrastructure and facilities from the nearby Minera Alumbrera mine (pictured). Photo courtesy of Minera Alumbrera.

Yamana Gold announced the results of a prefeasibility study at its Agua Rica copper-gold project in Argentina. Thanks to an integration agreement with Glencore and Newmont Goldcorp’s nearby Minera Alumbrera mine, the company could save around US$1.5 billion on initial capital costs.

The results of this study come after Yamana, Glencore and Newmont Goldcorp signed an agreement in March allowing Yamana to use the infrastructure and facilities of the Minera Alumbrera mine in its own operation.