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Yamana accepts US$415M in notes under buyback offer

Yamana Gold Inc. said Aug. 8 that it accepted about US$415.0 million in principal amount of notes under a buyback offer launched in July to reduce outstanding debt.

The miner said it received valid tenders to the tune of US$49.6 million in private notes, together with a further US$462.8 million in public notes.

Upon the completion of the debt repurchases, Yamana would have retired US$800 million in debt ahead of schedule.