Oct 17 Canadian miner Yamana Gold said on Monday it plans to spin off its Brio Gold subsidiary, which owns non-core gold mining properties in Brazil, to its shareholders.
Yamana shareholders will receive purchase rights in Brio as a dividend in-kind, which they can use to buy shares in the unit. It also said it would retain an unspecified stake in Brio after the spin-off. (Reporting by Nicole Mordant in Vancouver; Editing by Bernard Orr)
UPDATE 5-Upset at Trump, Mexico voices 'worry and irritation' to U.S. envoys
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BRIEF-Mosaic Capital board approves changing common share dividend payments from quarterly basis to monthly basis
* Board approved changing common share dividend payments from quarterly basis to monthly basis