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Yamana Gold Inc Issues FY 2012, 2013, 2014 Production Guidance

Wednesday, 8 Aug 2012 05:07pm EDT 

Yamana Gold Inc announced that production in fiscal 2012 is expected to be in the range of 1.2 to 1.3 million GEO. This will represent an increase from fiscal 2011 production of approximately 13%, most of which will come from Mercedes as production ramps up having completed commissioning. C1 Santa Luz and Ernesto/Pau-a-Pique are also expected to start production by the end of fiscal 2012. Production in fiscal 2013 is expected to be in the range of 1.5 to 1.7 million GEO, most of which will come from a full year of production from C1 Santa Luz and Ernesto/Pau-a-Pique, the start up of Pilar, the processing of tailings at Minera Florida and the expansion of Gualcamayo. By fiscal 2014, production is targeted to be at a sustainable level of approximately 1.75 million GEO. This includes production from the existing mines and development projects for which construction decisions have been made.