Yamana Gold Confirms Filing of Technical Report for Jacobina
June 01 2020 - 6:00AM
YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”)
confirms that a National Instrument 43-101 technical report for the
Jacobina gold mine in Brazil, called ‘NI 43-101 Technical Report,
Jacobina Gold Mine, Bahia State, Brazil’, with an effective date of
December 31, 2019, has been filed with Canadian securities
regulators and is now available under Yamana’s profile on
www.sedar.com. The new technical report is also available on
the Company’s website www.yamana.com. The Jacobina gold mine
is a long life, low cost mine with estimated current production of
170,000 ounces per year which would increase to an average of
230,000 ounces per year pursuant to a low capital cost expansion,
all as more fully described in the NI 43-101 report.
About Yamana
Yamana Gold Inc. is a Canadian-based precious
metals producer with significant gold and silver production,
development stage properties, exploration properties, and land
positions throughout the Americas, including Canada, Brazil, Chile
and Argentina. Yamana plans to continue to build on this base
through expansion and optimization initiatives at existing
operating mines, development of new mines, the advancement of its
exploration properties and, at times, by targeting other
consolidation opportunities with a primary focus in the
Americas.
FOR FURTHER INFORMATION PLEASE
CONTACT:Investor Relations and Corporate
Communications416-815-02201-888-809-0925Email:
investor@yamana.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: This news release contains or incorporates by
reference “forward-looking statements” and “forward-looking
information” under applicable Canadian securities legislation
within the meaning of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking information
includes, but is not limited to information with respect to the
Jacobina mine and any expansions and exploration results.
Forward-looking statements are characterized by words such as
“plan,” “expect”, “budget”, “target”, “project”, “intend”,
“believe”, “anticipate”, “estimate” and other similar words, or
statements that certain events or conditions “may” or “will” occur.
Forward-looking statements are based on the opinions, assumptions
and estimates of management considered reasonable at the date the
statements are made, and are inherently subject to a variety of
risks and uncertainties and other known and unknown factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. These
factors include expectations related to the Jacobina mine,
including the details laid out in the technical report filed
including expected mine life, costs, production and expansion plans
discussed herein and in the technical report being met, and the
impact of general business and economic conditions, global
liquidity and credit availability on the timing of cash flows and
the values of assets and liabilities based on projected future
conditions, fluctuating metal prices, currency exchange rates (such
as the Brazilian real versus the United States dollar), the impact
of inflation, possible variations in ore grade or recovery rates,
hedging programs, changes in accounting policies, changes in
Mineral Resources and Mineral Reserves, risks related to other
investments, changes in project parameters as plans continue to be
refined, changes in project development, construction, production
and commissioning time frames, unanticipated costs and expenses,
higher prices for fuel, steel, power, labour and other consumables
contributing to higher costs and general risks of the mining
industry, failure of plant, equipment or processes to operate as
anticipated, unexpected changes in mine life, unanticipated results
of future studies, seasonality and unanticipated weather changes,
costs and timing of the development of new deposits, success of
exploration activities, permitting timelines, government regulation
and the risk of government expropriation or nationalization of
mining operations, risks related to relying on local advisors and
consultants in foreign jurisdictions, environmental risks,
unanticipated reclamation expenses, risks related to fiscal
stability agreements, title disputes or claims, limitations on
insurance coverage and timing and possible outcome of pending and
outstanding litigation and labour disputes, risks related to
enforcing legal rights in foreign jurisdictions, as well as those
risk factors discussed or referred to herein and in the Company's
Annual Information Form filed with the securities regulatory
authorities in all provinces of Canada and available at
www.sedar.com, and the Company’s Annual Report on Form 40-F filed
with the United States Securities and Exchange Commission.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management’s estimates, assumptions or opinions
should change, except as required by applicable law. The reader is
cautioned not to place undue reliance on forward-looking
statements. The forward-looking information contained herein is
presented for the purpose of assisting investors in understanding
the Company’s expected financial and operational performance and
results as at and for the periods ended on the dates presented in
the Company’s plans and objectives and may not be appropriate for
other purposes.
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