I think you got it right sculpin and to boot,

"Property

St. Elias has an option to acquire a 95% interest in the Vilcoro Gold Property located in Santiago de Chuco area, northwest, Peru. The Vilcoro Gold Property comprises 1,600 hectares and lies along the same geological belt of Tertiary rocks that hosts many multi-million-ounce deposits in northern Peru such as Newmont’s Yanacocha Mine (+40 million oz gold) and Barrick’s Pierina deposit (8 million oz. gold). "

http://www.steliasmines.com/peru2.htm

It's safe to say it's a friendly relationship. No conspiracies here.