TSX-V-listed explorer Samco Gold has terminated a 2014 participation and option (P&O) agreement with director Ricardo Auriemma after a strategic review of its business, instead opting to enter into an agreement with Yamana Gold for the sale of the company’s Corina property, located adjacent to Yamana’s Cerro Moro property, in Santa Cruz, Argentina.
In May 2013, the Argentinean Commercial Court of Appeals ruled in favour of Samco director Dr Ricardo Auriemma on the breach-of-agreement case against GNOR, which was acquired by Yamana in 2007. GNOR was found to have breached a regional alliance agreement with Auriemma relating to dividend payments.
