Examples of La Arena in a sentence
The vast majority of the Company’s concentrate is sold to five well- known concentrate buyers.Doré production from La Colorada, Dolores, Manantial Espejo, Shahuindo, La Arena, Bell Creek and Timmins is refined under long term agreements with fixed refining terms at four separate refineries worldwide.
The La Arena project was included in the Exploration and evaluation segment.
In June 2009, an option and earn-in agreement was entered into with Rio Alto Mining Limited (“Rio Alto”) for the sale of the La Arena project in Peru.
As security for the Loan, the Company granted a charge over the shares of its subsidiary Empresa de Energia Yamobamba S.A.C. and the rights of collection of future cash flows derived from metal sales at the La Arena mine.
Revenues generated from the sale of gold in doré are generated at the La Arena and Shahuindo mines in Peru and the Timmins mines in Canada.
In line with recommendations from the Task Force on Climate-Related Financial Disclosures, we also completed a review of the potential risks that climate change poses for our operations.And, we are investing in initiatives to make our host communities more resilient to climate change; our reforestation projects at Dolores and La Arena, with more than 360,000 trees planted during the year, are good examples of this.In 2019, we completed an independent tailings dam safety review at our La Colorada mine.
The Rio Alto expenditures on the La Arena project totaled $38,933,000 since June 2009.In February 2011, as per the option agreement, Rio Alto purchased all of the outstanding shares of La Arena S.A. for a cash payment of $48,847,000 resulting in a gain of $10,517,000 (before income tax impact).
We were following the same timeline that Rio Alto Mining had followed for the La Arena project, which is very similar to Santa Ana in terms of capacity and process, and had enabled Rio Alto to move from the submission of its ESIA to entry into production in 20 months.
Dolores La Colorada Skarn Deposit Escobal Shahuindo La Arena Huaron Morococha San Vicente Navidad COSE Joaquin Manantial Espejo Our Products SILVER (Ag) Our principal products and sources of sales are silver and gold doré and silver bearing zinc, lead, and copper concentrates.
In 2009, the Company received 8,024,511 common shares (10.6% interest) and 1,500,000 warrants of Rio Alto for a total value of $1,400,000 at inception.During the option term, Rio Alto earned-in newly issued shares of La Arena S.A., an IAMGOLD wholly-owned subsidiary, up to the maximum allowed under the agreement of 38.7% by incurring$30,000,000 in expenditures on the La Arena project.