Oct 27 (Reuters) - Yamana Gold Inc YRI.TO :
* Announces metal purchase agreements with Sandstorm and provides update on
Brio Gold monetization initiative
* Sandstorm paid Yamana total advanced payments of $148 million and issued the
company 15 million common share purchase warrants
* Says from an operational perspective, Brio Gold continues to meet or exceed
targeted production and cost levels in 2015
* Says Sandstorm will also pay the company an additional advanced payment of $4
million in six months
* Continues to pursue its planned monetization of Brio Gold and is currently
advancing on a number of strategic alternatives
* Says Brio Gold continues to meet or exceed targeted production and cost
levels in 2015
* Sandstorm issued company 15 million common share purchase warrants with a
strike price of $3.50 and a term of five years
* Brio gold expects that planned modifications to process plant will be
completed by Q3 of 2016 facilitating restart of production
* 100% of the advanced payment from Sandstorm will be used by co to reduce
balance outstanding on revolving credit facility
* Brio Gold to exceed 2015 production guidance of 130,000 ounces of production
* Source text for Eikon ID:nCCN8fw19r
* Further company coverage YRI.TO