Hochschild, an underground precious metals producer focusing on high grade silver and gold deposits, agreed to acquire Amarillo Gold, a company that advances two gold projects in mining-friendly states, for $103m. "This acquisition delivers an immediate and compelling opportunity for our shareholders to monetize their investment in Amarillo at an attractive valuation and significant premium to the current and historical trading price of Amarillo’s shares. The transaction also provides our shareholders with additional value through their continued participation in the future exploration and advancement of the prospective Lavras Project through Lavras SpinCo, where our leadership team will be focussed on unlocking the true value of this project," Mike Mutchler, Amarillo Gold President and CEO.