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April 2, 2014
09:30 EDTAUYYamana Gold, Osisko Mining announce partnership
Yamana Gold and Osisko Mining announced they have entered into an agreement pursuant to which Yamana will acquire a 50% interest in Osisko's mining and exploration assets for C$441.5M in cash and 95.7M common shares of Yamana having an aggregate value of C$929.6M. Upon implementation of the Agreement, each outstanding Common share of Osisko will be exchanged for C$2.194 in cash, 0.2119 of a Yamana common share, and a new common share of Osisko. The value of the interest in the Yamana share is C$2.06, and the ascribed value of the new common share of Osisko is C$3.35, for an aggregate of cash and the implied share value equal to C$7.60 for each currently outstanding Common share of Osisko. Under the Agreement, Yamana will become an equal partner in all of Osisko's mining and exploration assets. Osisko will continue to operate the Canadian Malartic Mine and all other projects under the guidance of a joint operating committee, and will also maintain its head office in Montreal.
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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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