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Brief: Yamana appoints new CEO

Bnamericas Published: Thursday, August 09, 2018
Brief: Yamana appoints new CEO

Toronto-based Yamana Gold has appointed Daniel Racine as president and CEO replacing Peter Marrone, the company's founder who will assume the newly created role of executive chairman.

Racine has been acting as Yamana's executive VP and COO, the company said in a statement.

Yamana's Cerro Moro, a gold-silver mine in Santa Cruz, Argentina, kicked off commercial production in late-June.

The mine is expected to deliver on 2018 guidance of 85,000oz of gold and 3.75Moz of silver. Next year Cerro Moro is expected to produce 125,000oz of gold and 6Moz of silver. In Latin America, Yamana also has exploration properties in Brazil and Chile.

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