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February 13, 2013
08:16 EDTAUYYamana Gold announces 44% increase to mineral resources at Cerro Moro
Yamana Gold provided an update on its Cerro Moro gold project in Santa Cruz, Argentina, reporting initial indicated mineral resource of 1.95M gold equivalent ounces, an increase of 44% from the previous estimate before the company acquired the project, contained in 4.16M tonnes with an average GEO grade of 14.6 grams per tonne; and an inferred mineral resource of 490,000 GEO contained in 3.60M tonnes with an average GEO grade of 4.2 g/t. The company said its 2013 exploration program at Cerro Moro will focus on drill testing eight priority target areas located on the northern La Negrita block, an entirely new zone, and drill testing existing geologic targets, geochemical anomalies and vein extensions within nine priority target areas in the southern Escondida block, which contains the majority of current known mineral resources. The 2013 exploration drilling program at Cerro Moro commenced in mid-January and is already demonstrating success. The company is expecting to spend $12M in 2013 on exploration to execute the 25,000 metres of drilling with the goal of expanding the areas of mineralization to the La Negrita block and to add significantly to the mineral resource base.
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September 16, 2014
07:41 EDTAUYDenver Gold Group to hold a forum
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September 10, 2014
08:33 EDTAUYYamana Gold provides operational update
Yamana Gold provided an update on its C1 Santa Luz and Pilar projects and announced that monthly production reached record levels in August, favourably positioning the company to meet its production expectations for the balance of this year and into the following years. C1 Santa Luz along with Pilar, both located in Brazil, have been on a gradual process of ramp-up and evaluation over the past year in order to determine their continuing viability in light of certain operational challenges and decline in metal prices last year. During this time, the company has been working to improve the rate of recovery from the carbon-in-leach, or CIL, circuit at C1 Santa Luz, which to date has been lower than designed, and, in particular, the Company has been dealing with a significant carbon content in the ore which has had the effect of suppressing gold recovery. After careful and extensive review, and having allowed a sufficient period of time for optimization efforts, the company has concluded that the optimal plan for C1 Santa Luz would be to temporarily suspend ramp-up activities, and put the project on care and maintenance while several identified alternative metallurgical processes are evaluated. The decision to temporarily suspend ramp-up activities at C1 Santa Luz and put it on care and maintenance is consistent with the company's focus on maximizing cash flow rather than production only and protects the significant inventory of mineral resources that that would otherwise likely be lost permanently to tailings with the current recovery levels. In so doing, the potential future viability of the project is preserved as that inventory is profitably mined and recovered utilizing one of the metallurgical processes that will be implemented once the evaluation process is completed. The company is working with employees, labour unions, contractors and various levels of governments to minimize the impact on local communities and remains confident that once the metallurgical recovery evaluation process is completed, C1 Santa Luz will become a sustainable operation providing long term benefits to local communities. The company has undertaken to complete the evaluation of the alternative metallurgical recovery processes before end of 2015.

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