April 23, 2017 11:10 AM ET

Metals and Mining

Company Overview of Yamana Gold Inc.

Company Overview

Yamana Gold Inc. operates as a gold producer in Canada, Brazil, Chile, and Argentina. The company explores for precious metals, gold, silver, and copper. It primarily holds interests in the Chapada, El Peñón, Canadian Malartic, Gualcamayo, Minera Florida, Jacobina, and Brio Gold mines. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in July 2003. Yamana Gold Inc. was founded in 1980 and is based in Toronto, Canada.

Royal Bank Plaza

Suite 2200

North Tower

200 Bay Street

Toronto, ON M5J 2J3


Founded in 1980

5,266 Employees





Key Executives for Yamana Gold Inc.

Founder, Executive Chairman and Chief Executive Officer
Age: 56
Total Annual Compensation: $1.5M
Chief Operating Officer and Executive Vice President
Age: 53
Total Annual Compensation: $450.0K
Executive Vice President of Business Development
Total Annual Compensation: $450.0K
Executive Vice President of Enterprise Strategy
Total Annual Compensation: $450.0K
Senior Vice President, General Counsel and Corporate Secretary
Age: 45
Total Annual Compensation: $299.8K
Compensation as of Fiscal Year 2016.

Yamana Gold Inc. Key Developments

Yamana Gold Inc. Presents at 2017 BMO Global Metals and Mining Conference, Feb-27-2017

Yamana Gold Inc. Presents at 2017 BMO Global Metals and Mining Conference, Feb-27-2017 . Venue: The Diplomat Resort, 3555 S Ocean Drive, Hollywood, Florida, United States.

Yamana Gold to Drill Domain Gold Project, Northern Manitoba

New Dimension Resources Ltd. announced that Yamana Gold Inc. has mobilized a drill rig to commence a 2,800 metre drill program. Yamana will conduct drilling on claims of which New Dimension has a 34.8% interest, as well as on a Mineral Exploration Licence wholly owned by Yamana. The program is anticipated to begin within the next week and is expected to take approximately 30 days to complete.

Yamana Gold Corp. Introduces 2nd Season of Drilling at Gorbea JV

Yamana Gold Corp. has commenced the 2nd year of exploration at the Gorbea JV, completing a systematic surface mapping program in December 2016 and initiating a minimum 3,500 metre, eight hole drilling program on January 17, at the Atlas gold-silver project Chile. The company noted that Atlas is one of nine properties within the Yamana - Gorbea JV, signed with Mirasol on May 10, 2015. This agreement grants Yamana the option to acquire a 51% interest in the property portfolio by incurring exploration expenditures of $10 million and by making staged cash payments to Mirasol totaling $2 million over a four-year period. Yamana can earn up to 75% in the JV by making a decision to mine and by funding to production Mirasol's 25% project interest. Mirasol's Gorbea projects are situated in the prolifically mineralized Mio-Pliocene-age mineral belt of Chile. The exploration program is targeting large, bulk-mineable, high-sulphidation epithermal (HSE) oxide gold deposits.Multi-million-ounce gold discoveries have recently been announced in this mineral belt by Barrick Gold Corp. at the Alturas Project (Inferred resource of 5.5 Moz Au at the rate of 1.25 g/t Au) and Gold Fields at the Salares Nortes Project (Mineral Resources of 3.3 Moz Au, 42.1 Moz Ag @ 3.9 g/t Au, 48.9 g/t Ag). Results from Yamana's first year of exploration at the Atlas Project returned encouraging gold and silver drill intersections, while too deep to be considered as indications of an open-pittable body of mineralization, these intersections show similarities in grade and mineralization style to bulk mineable HSE deposits elsewhere in the belt. This suggested potential exists for the Atlas property to host a significant precious-metal bearing HSE system and warrants further drill testing for shallower open-pittable occurrences of oxide gold and silver mineralization. This season's geological mapping program leveraged knowledge gained from last year's drilling of the Altas Project, focusing on a series of breccia zones that are dominantly located within a 4 to 5 km, circular resistivity feature defined by the 2016 Atlas IP geophysics program. Brecciation can be an important rock preparation mechanism and may act as a host for mineralization in HSE gold deposits, as has been demonstrated at the recent multi-million-ounce Alturas and Salares Note discoveries that are predominantly hosted within breccia bodies. The 2017 Atlas JV drill program is designed to test for oxide gold mineralization to a depth of 300 metres below surface. Targets include the up-dip (nearer surface) extensions of mineralization intersected in last year's drilling, as well as first pass testing of new targets at the Fox, Apollo, NN and Falda zone breccias that have been prioritized with a combination of geological, geochemical and geophysical information. First results from this season's drilling are anticipated by mid second quarter. Mirasol is a project generation company focused on the discovery of precious metals and copper resources in the Americas. Strategic joint ventures with metal producers have enabled Mirasol to advance its priority projects, focused in high-potential regions in Chile and Argentina. Mirasol employs an integrated generative and on-ground exploration approach combining technologies and experienced exploration geoscientists to maximize the potential for discovery. Mirasol is in a strong financial position and has a significant portfolio of drill ready gold-silver exploration projects located in Chile and Argentina.

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