Yamana Gold Stories Up to date Mineral Reserves and Mineral Sources Highlighting the Sustainability of Its Manufacturing Platform

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Yamana Gold Stories Up to date Mineral Reserves and Mineral Sources Highlighting the Sustainability of Its Manufacturing Platform

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March 29, 2023

Yamana Gold Stories Up to date Mineral Reserves and Mineral Sources Highlighting the Sustainability of Its Manufacturing Platform

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by GlobeNewswire

Printed Mar 29, 2023 • 27 minute learn

Change in Confirmed and Possible Mineral Reserves at Canadian Malartic GNW

TORONTO, March 29, 2023 (GLOBE NEWSWIRE) — Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or the “Firm”) herein offers its up to date mineral reserve and mineral useful resource estimates as at December 31, 2022 highlighting the continuing sustainability of the Firm’s manufacturing platform. The Firm’s continued success in changing mineral reserves is additional underscored by its sturdy 2022 working outcomes which, as beforehand reported, exceeded annual steering with full yr manufacturing of 1,005,770 gold equal ounces (“GEO”)⁽¹⁾ at an all-in sustaining price (“AISC”)⁽²⁾ beneath $1,125 per GEO⁽¹⁾.

Following the overwhelming help of the respective particular resolutions of the shareholders of every of Yamana and Pan American Silver Corp. (“Pan American”) on January 31, 2023, in reference to approving the acquisition by Pan American of all the issued and excellent frequent shares of the Firm following the sale by Yamana of its Canadian property, together with sure subsidiaries and partnerships which maintain Yamana’s pursuits within the Canadian Malartic mine, to Agnico Eagle Mines Restricted, all by means of a plan of association underneath the Canada Enterprise Companies Act (the “Proposed Transaction”), this information launch is anticipated to be Yamana’s remaining announcement protecting mineral reserve and mineral useful resource replace issues. Additional particulars together with tonnes, grade and assumptions are introduced within the full Mineral Reserves and Mineral Sources desk beneath whereas all Mineral Sources reported herein are unique of Mineral Reserves. The Proposed Transaction is predicted to shut by the tip of the month.

Yamana additionally pronounces that it has filed its consolidated fourth quarter and year-end 2022 monetary outcomes, which can be found underneath the Firm’s profile on SEDAR at www.sedar.com and on the Firm’s web site.

HIGHLIGHTS

Observe Report of Mineral Reserves Substitute: On an combination foundation throughout its wholly-owned operations, the Firm changed gold mineral reserves by 104% of depletion highlighting the sustainability and longevity of its manufacturing platform.
Continued Success of Mineral Reserve Development at Jacobina: Jacobina had one other yr of mineral reserve and mineral useful resource progress, including roughly 35,000 ounces of gold mineral reserves, or 117% of depletion. Gold mineral reserves have grown by 57% or greater than 1 million ounces internet of depletion over the previous 5 years to 2.97 million ounces and mineral assets have elevated by 80% over the identical interval, as detailed beneath. The observe report of progress in mineral reserves and mineral assets at Jacobina underpins its important prospectivity and geological upside.
Conversion of Inferred Mineral Sources at Odyssey: At Odyssey, the continuing infill drilling program continues to extend the stock of indicated mineral assets to help the potential conversion of mineral assets to mineral reserves. Indicated gold mineral assets elevated by over 3.81 million ounces to six.17 million ounces with whole inferred assets at yr finish of 9.23 million ounces (100% foundation). Exploration drilling on the East Gouldie zone of the Odyssey mine additionally continues to develop the mineralized footprint with new intercepts to the west of the identified mineral useful resource envelope highlighting the generational nature of the deposit.
Fifth Consecutive 12 months of Growing Mineral Reserves at El Peñón: El Peñón achieved a fifth consecutive yr of including mineral reserves in extra of depletion, with mineral reserves rising 4% to 1.37 million GEO⁽¹⁾, or by 123% of depletion, over the past yr.
Firm-wide Mineral Reserves and Mineral Sources Present Important Scale: As at December 31, 2022, the Firm reviews 13.8 million ounces of gold mineral reserves and 112 million ounces of silver mineral reserves, comparatively unchanged from the prior yr. Additional, the Firm reviews measured and indicated mineral assets of 17.1 million ounces of gold, 52 million ounces of silver, and 1.4 billion kilos of copper unique of mineral reserves, with measured and indicated gold mineral assets up 18% from the prior yr. Inferred mineral assets include 13.3 million ounces of gold, 60 million ounces of silver, and a couple of.13 billion kilos of copper. On the Firm’s growth tasks, mineral reserves of seven.4 million ounces of gold, 57 million ounces of silver, and 6.7 billion kilos of copper signify important upside potential inside the present portfolio.

YEAR END MINERAL RESERVES AND MINERAL RESOURCES SUMMARY

Canadian Malartic together with Odyssey, Canada (50%)

The Canadian Malartic & Barnat Open Pit noticed a lower of roughly 263,000 ounces of gold in confirmed and possible mineral reserves (reflecting the Firm’s 50% curiosity) pushed primarily by depletion of 360,000 ounces of gold (50% curiosity) because the Canadian Malartic pit enters into its remaining years of operation and open pit mining transitions to the Barnat pit. With preliminary manufacturing from the underground Odyssey mine at Canadian Malartic having commenced earlier this month, an preliminary small portion of the indicated mineral assets on the Odyssey South deposit was transformed to possible mineral reserves as at December 31, 2022, including 98,000 ounces of gold in mineral reserves (50% curiosity). A considerable addition of mineral reserves is predicted on the Odyssey mission at year-end 2023 with the conversion of indicated mineral assets on the East Gouldie deposit the place continued conversion drilling success resulted within the addition of 1.9 million ounces of gold in indicated mineral assets (50% curiosity) in the course of the yr.

Determine 1: Change in Confirmed and Possible Mineral Reserves at Canadian Malartic

Change in Proven and Probable Mineral Reserves at Canadian Malartic

(i) Changes for stockpile stock variation and optimizations

On the Odyssey mission, underground growth stays on schedule with preliminary manufacturing and begin of shaft sinking anticipated in March 2023. With solely 0.4 million ounces of gold in indicated mineral assets and 6.9 million ounces of gold in inferred mineral assets, or roughly 47% of the Odyssey mineral assets included within the mine plan outlined within the March 2021 technical research on a 100% foundation, there’s important upside potential to a mine life already anticipated to final till at the very least 2039. Moreover, drilling continues to delineate the Odyssey inner zones, which weren’t beforehand thought-about within the 2021 preliminary financial evaluation mine plan. The Odyssey crew is within the technique of optimizing the mine plan with these drilling outcomes, which is predicted to end in greater gold manufacturing in the course of the development interval, additional offsetting the preliminary capital price and optimizing the money circulate profile beginning in 2023.

As beforehand reported, exploration drilling of the East Gouldie Extension and parallel Titan zone point out {that a} hall of mineralization extends at the very least 1.3 kilometres to the east of East Gouldie and over an approximate 2,000 metre vertical extent. The Firm believes that the underground growth will help a considerably greater degree of manufacturing than assumed within the present mine plan with extra manufacturing that might come from additional ramp growth and from a doable second shaft at depth the place mineralization stays open in all instructions.

Drilling demonstrates that the East Gouldie deposit additionally extends considerably to the west of the mineral useful resource envelope at important grades and widths. Total, drilling signifies that the East Gouldie deposit extends greater than 4 kilometres alongside strike, of which solely roughly 1.5 kilometres is at the moment reported as mineral assets. 13 drill rigs are at the moment energetic on the property, with 5 underground drills within the Odyssey South and Inner zones and eight floor drills centered on infilling and increasing the East Gouldie mineralization.

Jacobina, Brazil

Jacobina had one other profitable yr of exploration, including roughly 35,000 ounces of gold mineral reserves internet of depletion, with additions of 239,000 gold ounces amounting to 117% of depletion. Gold mineral reserves have grown by 57% or greater than 1 million ounces over the previous 5 years to 2.97 million ounces. Mineral assets have elevated by 80% over the identical interval, with mineral assets, unique of mineral reserves, rising by 328,000 ounces of gold in measured and indicated mineral assets and 30,000 ounces of gold in inferred mineral assets versus the prior yr. Mineral reserves common gold grade is unchanged from the earlier yr at 2.18 g/t. Highlights from 2022 embrace ongoing infill drilling success at João Belo Sul and Morro do Vento and profitable exploration drilling on the new Morro do Vento Leste zone.

Determine 2: Change in Confirmed and Possible Mineral Reserves at Jacobina

Change in Proven and Probable Mineral Reserves at Jacobina

(i) Additions from infill drilling and new mine

Cerro Moro, Argentina

At Cerro Moro, mineral reserves modified because of 2022 depletion and changes to the geological fashions, partly offset by additions to the mineral reserves stock from profitable infill and delineation drilling. Whereas gold ounces added by drilling coated annual depletion, an up to date block mannequin at Verónica precipitated an general lower of roughly 11,000 gold ounces. Depletion throughout 2022 was primarily from Zoe, a better grade silver deposit, leading to an general decline of roughly 3.6 million silver ounces contained in mineral reserves.

Determine 3: Change in Confirmed and Possible Mineral Reserves at Cerro Moro

Change in Proven and Probable Mineral Reserves at Cerro Moro

(i) Gold Equal Ounces (GEO) calculated utilizing mineral reserves steel value assumptions of $1,250 per ounce of gold and $18 per ounce of silver, and metallurgical recoveries of 94% for gold and 95% for silver.

El Peñón, Chile

Profitable drilling at El Peñón resulted within the operation attaining a fifth consecutive yr of including new mineral reserves in extra of mining depletion, with mineral reserves rising 28% to 1.37 million GEO⁽¹⁾ over that interval. The substitute of depletion maintains the El Peñón mine life at 5 to 6 years. Infill drilling, primarily on the Pampa Campamento and Martillo Flat veins, along with the conversion of underground mineral assets to mineral reserves at Chiquilla Chica, which is being reported for the primary time, account for the substitute of gold ounce depletion and the rise of silver ounces contained in mineral reserves.

Determine 4: Change in Confirmed and Possible Mineral Reserves at El Peñón

Change in Proven and Probable Mineral Reserves at El Peñón

Minera Florida, Chile

At Minera Florida, new mineral reserves changed mining depletion, extending the mine life. Gold ounces contained in mineral assets and mineral reserves have elevated throughout most major zones with important success at Maqui because of infill drilling and inaugural mineral reserves added on the Cucaracha zone.

Determine 5: Change in Confirmed and Possible Mineral Reserves at Minera Florida

Change in Proven and Probable Mineral Reserves at Minera Florida

(i) Changes for geomechanical research on the Alhue Core zone which might be thought-about for future reserve estimates

Wasamac, Canada

Wasamac mineral reserves and mineral assets had been up to date in November 2022, with mineral reserves and mineral assets rising throughout all classes and by a complete of 19% since completion of the feasibility research in mid-2021. Mineral reserves have elevated by 260,000 ounces or 14%, whereas indicated mineral assets and inferred mineral assets have elevated by 4% and 76% respectively.

The expansion in mineral reserves and mineral assets is the results of infill drilling, the success of which has contributed to an up to date mineral useful resource mannequin and stope designs, with the typical horizontal stope width rising from 12.6 metres in 2021 to 13.6 metres in 2022.

The optimistic outcomes help the expanded manufacturing plan at 9,000 tpd, with a gold manufacturing profile of 200,000 to 250,000 ounces per yr in comparison with the LOM common of 169,000 ounces within the 2021 feasibility research, whereas sustaining a mineral reserves lifetime of practically 10 years.

Determine 6: Change in Confirmed and Possible Mineral Reserves at Wasamac

Change in Proven and Probable Mineral Reserves at Wasamac

MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES

Mineral Reserves (Confirmed and Possible)
The next desk units forth the Mineral Reserve estimates for the Firm’s mineral tasks as at December 31, 2022.

Gold	Confirmed Mineral Reserves			Possible Mineral Reserves			Whole – Confirmed and Possible
Gold	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)
Canadian Malartic & Barnat Open Pit (50%)	25,802	0.70	579	26,185	1.10	926	51,988	0.90	1,505
Odyssey Underground (50%)	–	–	–	1,379	2.22	98	1,379	2.22	98
Canadian Malartic Whole (50%)	25,802	0.70	579	27,564	1.16	1,025	53,366	0.93	1,603
Jacobina	24,556	2.19	1,731	17,943	2.15	1,241	42,499	2.18	2,973
Cerro Moro	343	9.25	102	1,495	7.15	344	1,838	7.55	446
El Peñón Ore	1,069	5.43	187	4,890	4.59	722	5,959	4.74	909
El Peñón Stockpiles	6	2.69	1	617	1.09	22	623	1.10	22
El Peñón Whole	1,075	5.42	187	5,507	4.20	744	6,582	4.40	931
Minera Florida Ore	958	3.29	101	2,708	3.33	290	3,666	3.32	392
Minera Florida Tailings	–	–	–	1,375	0.87	38	1,375	0.87	38
Minera Florida Whole	958	3.29	101	4,082	2.50	328	5,041	2.65	430
Wasamac	–	–	–	26,835	2.51	2,170	26,835	2.51	2,170
Jeronimo (57%)	6,350	3.91	798	2,331	3.79	284	8,681	3.88	1,082
MARA (56.25%)	330,300	0.25	2,655	291,150	0.16	1,498	621,450	0.21	4,152
Whole Gold Mineral Reserves	389,385	0.49	6,153	376,907	0.63	7,634	766,292	0.56	13,787

Silver	Confirmed Mineral Reserves			Possible Mineral Reserves			Whole – Confirmed and Possible
Silver	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)
Cerro Moro	343	531.3	5,855	1,495	264.5	12,716	1,838	314.3	18,571
El Peñón Ore	1,069	214.6	7,379	4,890	164.3	25,824	5,959	173.3	33,203
El Peñón Stockpiles	6	116.3	23	617	19.0	376	623	19.9	399
El Peñón Whole	1,075	214.1	7,402	5,507	148.0	26,200	6,582	158.8	33,602
Minera Florida Ore	958	17.6	542	2,708	23.4	2,037	3,666	21.9	2,580
Minera Florida Tailings	–	–	–	1,375	12.3	545	1,375	12.3	545
Minera Florida Whole	958	17.6	542	4,082	19.7	2,583	5,041	19.3	3,125
MARA (56.25%)	330,300	3.0	32,070	291,150	2.6	24,618	621,450	2.8	56,689
Whole Silver Mineral Reserves	332,677	4.3	45,869	302,234	6.8	66,117	634,911	5.5	111,987


Copper	Confirmed Mineral Reserves			Possible Mineral Reserves			Whole – Confirmed and Possible
Copper	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
MARA (56.25%)	330,300	0.57	4,151	291,150	0.39	2,503	621,450	0.49	6,654
Whole Copper Mineral Reserves	330,300	0.57	4,151	291,150	0.39	2,503	621,450	0.49	6,654

Zinc	Confirmed Mineral Reserves			Possible Mineral Reserves			Whole – Confirmed and Possible
Zinc	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
Minera Florida Ore	958	1.20	25	2,708	0.95	57	3,666	1.01	82
Minera Florida Tailings	–	–	–	1,375	0.59	18	1,375	0.59	18
Minera Florida Whole	958	1.20	25	4,082	0.83	74	5,041	0.90	100
Whole Zinc Mineral Reserves	958	1.20	25	4,082	0.83	74	5,041	0.90	100

Molybdenum	Confirmed Mineral Reserves			Possible Mineral Reserves			Whole – Confirmed and Possible
Molybdenum	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
MARA (56.25%)	330,300	0.030	218	291,150	0.030	192	621,450	0.030	411
Whole Molybdenum Mineral Reserves	330,300	0.030	218	291,150	0.030	192	621,450	0.030	411

Mineral Sources (Measured, Indicated, and Inferred)
The next tables set forth the Mineral Useful resource estimates for the Firm’s mineral tasks as at December 31, 2022.

Gold	Measured Mineral Sources			Indicated Mineral Sources				Whole – Measured and Indicated
Gold	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)		Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)
Canadian Malartic, Barnat & different zones (50%)	–	–	–	–	–		–	–	–	–
Odyssey Underground (50%)	–	–	–	888	1.59		46	888	1.59	46
East Malartic Underground (50%)	–	–	–	6,107	1.96		385	6,107	1.96	385
East Gouldie Underground (50%)	–	–	–	25,105	3.29		2,652	25,105	3.29	2,652
Canadian Malartic Whole (50%)	–	–	–	32,101	2.99		3,082	32,101	2.99	3,082
Jacobina	34,221	2.35	2,587	20,845	2.31		1,548	55,066	2.34	4,136
Cerro Moro	170	5.12	28	666	3.58		77	836	3.89	105
El Peñón Mine	1,183	4.28	163	6,149	3.21		635	7,331	3.38	797
El Peñón Tailings	–	–	–	–	–		–	–	–	–
El Peñón Stockpiles	–	–	–	599	1.43		28	599	1.43	28
El Peñón Whole	1,183	4.28	163	6,748	3.05		662	7,930	3.24	825
Minera Florida	2,729	4.32	379	6,238	3.84		769	8,968	3.98	1,149
Wasamac	–	–	–	6,034	1.75		339	6,034	1.75	339
Jeronimo (57%)	772	3.77	94	385	3.69		46	1,157	3.74	139
Agua Rica (56.25%)	30,150	0.13	126	116,044	0.11		411	146,194	0.11	537
Alumbrera (56.25%)	65,297	0.31	660	5,154	0.29		48	70,451	0.31	708
MARA Whole (56.25%)	95,447	0.26	786	121,198	0.12		459	216,645	0.18	1,245
Arco Sul	–	–	–	–	–		–	–	–	–
La Pepa (80%)	47,053	0.61	920	52,324	0.49		831	99,377	0.55	1,751
Lavra Velha	–	–	–	4,476	1.96		282	4,476	1.96	282
Monument Bay	–	–	–	36,581	1.52		1,787	36,581	1.52	1,787
Suyai	–	–	–	4,700	15.00		2,286	4,700	15.00	2,286
Whole Gold M&I Mineral Sources	181,574	0.85	4,957	292,297	1.29		12,170	473,871	1.12	17,126



Silver	Measured Mineral Sources			Indicated Mineral Sources				Whole – Measured and Indicated
Silver	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)		Contained oz. (000’s)	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)
Cerro Moro	170	185.3	1,010	666		244.9	5,245	836	232.8	6,255
El Peñón Mine	1,183	145.3	5,523	6,149		105.9	20,940	7,331	112.3	26,463
El Peñón Tailings	–	–	–	–		–	–	–	–	–
El Peñón Stockpiles	–	–	–	599		32.9	633	599	32.9	633
El Peñón Whole	1,183	145.3	5,523	6,748		99.4	21,574	7,930	106.3	27,096
Minera Florida	2,729	23.4	2,053	6,238		21.4	4,285	8,968	22.0	6,338
Agua Rica (56.25%)	30,150	1.6	1,502	116,044		1.9	6,940	146,194	1.8	8,442
Alumbrera (56.25%)	–	–	–	–		–	–	–	–	–
MARA Whole (56.25%)	30,150	1.6	1,502	116,044		1.9	6,940	146,194	1.8	8,442
Suyai	–	–	–	4,700		23.0	3,523	4,700	23.0	3,523
Whole Silver M&I Mineral Sources	34,231	9.2	10,089	134,396		9.6	41,566	168,627	9.5	51,654

Copper	Measured Mineral Sources			Indicated Mineral Sources			Whole – Measured and Indicated
Copper	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
Agua Rica (56.25%)	30,150	0.22	146	116,044	0.30	767	146,194	0.28	914
Alumbrera (56.25%)	65,297	0.31	445	5,154	0.21	24	70,451	0.30	469
MARA Whole (56.25%)	95,447	0.28	591	121,198	0.30	791	216,645	0.29	1,383
Whole Copper M&I Mineral Sources	95,447	0.28	591	121,198	0.30	791	216,645	0.29	1,383

Zinc	Measured Mineral Sources			Indicated Mineral Sources			Whole – Measured and Indicated
Zinc	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
Minera Florida	2,729	1.45	87	6,238	1.30	178	8,968	1.34	266
Whole Zinc M&I Mineral Sources	2,729	1.45	87	6,238	1.30	178	8,968	1.34	266



Molybdenum	Measured Mineral Sources			Indicated Mineral Sources			Whole – Measured and Indicated
Molybdenum	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
Agua Rica (56.25%)	30,150	0.020	14	116,044	0.030	77	146,194	0.030	90
Alumbrera (56.25%)	65,297	0.012	16	5,154	0.010	1	70,451	0.011	17
MARA Whole (56.25%)	95,447	0.014	30	121,198	0.029	78	216,645	0.022	107
Whole Molybdenum M&I Mineral Sources	95,447	0.014	30	121,198	0.029	78	216,645	0.022	107

Gold	Inferred Mineral Sources
Gold	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)
Canadian Malartic, Barnat & different zones (50%)	2,804	0.73	66
Odyssey Underground (50%)	11,250	2.18	787
East Malartic Underground (50%)	38,781	2.01	2,510
East Gouldie Underground (50%)	16,189	2.54	1,320
Canadian Malartic Whole (50%)	69,025	2.11	4,682
Jacobina	26,347	2.28	1,934
Cerro Moro	1,095	5.98	210
El Peñón Mine	4,714	3.72	564
El Peñón Tailings	13,767	0.55	245
El Peñón Stockpiles	–	–	–
El Peñón Whole	18,480	1.36	808
Minera Florida	4,224	4.63	629
Wasamac	7,086	2.00	455
Jeronimo (57%)	1,118	4.49	161
Agua Rica (56.25%)	417,881	0.09	1,209
Alumbrera (56.25%)	1,708	0.23	13
MARA Whole (56.25%)	419,590	0.09	1,222
Arco Sul	6,203	3.08	615
La Pepa (80%)	20,019	0.46	293
Lavra Velha	4,745	1.56	238
Monument Bay	41,946	1.32	1,781
Suyai	900	9.90	274
Whole Gold Inferred Mineral Sources	620,778	0.67	13,302




Silver	Inferred Mineral Sources
Silver	Tonnes (000’s)	Grade (g/t)	Contained oz. (000’s)
Cerro Moro	1,095	144.2	5,076
El Peñón Mine	4,714	143.3	21,722
El Peñón Tailings	13,767	18.9	8,380
El Peñón Stockpiles	–	–	–
El Peñón Whole	18,480	50.7	30,103
Minera Florida	4,224	18.4	2,494
Agua Rica (56.25%)	417,881	1.6	21,765
Alumbrera (56.25%)	–	–	–
MARA Whole (56.25%)	417,881	1.6	21,765
Suyai	900	21.0	575
Whole Silver Inferred Mineral Sources	442,580	4.2	60,013

Copper	Inferred Mineral Sources
Copper	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
Agua Rica (56.25%)	417,881	0.23	2,119
Alumbrera (56.25%)	1,708	0.17	6
MARA Whole (56.25%)	419,590	0.23	2,125
Whole Copper Inferred Mineral Sources	419,590	0.23	2,125

Zinc	Inferred Mineral Sources
Zinc	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
Minera Florida	4,224	1.27	118
Whole Zinc Inferred Mineral Sources	4,224	1.27	118

Molybdenum	Inferred Mineral Sources
Molybdenum	Tonnes (000’s)	Grade (%)	Contained lbs (mm)
Agua Rica (56.25%)	417,881	0.030	276
Alumbrera (56.25%)	1,708	0.008	1
MARA Whole (56.25%)	419,590	0.030	277
Whole Molybdenum Inferred Mineral Sources	419,590	0.030	277

Mineral Reserve and Mineral Useful resource Reporting Notes

1. Steel Worth, Lower-off Grade, Metallurgical Restoration
		Mineral Reserves	Mineral Sources
Canadian Malartic (50%)		Worth assumption: $1,300/ouncesgold In-situ open pit cut-off grades vary from 0.40 to 0.43 g/t gold Metallurgical recoveries for gold in open pit averaging 90.6% Underground mining cut-off grade after dilution and mill restoration of 1.55 g/t gold Metallurgical recoveries for gold in underground averaging 95.51%	Worth assumption: $1,667/ouncesgold Canadian Malartic, Barnat and Western Porphyry cut-off grades vary from 0.32 to 0.43 g/t gold inside pit Underground cut-off grade at Odyssey is 1.20 to 1.30 g/t gold (stope optimized) Underground cut-off grade at East Malartic is 1.20 to 1.45 g/t gold (stope optimized) Underground cut-off grade at East Gouldie is 1.15 to 1.30 g/t gold (stope optimized)

Jacobina		Worth assumption: $1,250/ouncesgold Underground Mineral Reserves are reported at variable cut-off grades by zone starting from 0.92 g/t gold to 1.01 g/t gold Metallurgical restoration is 96.2%	Worth assumption: $1,250/ouncesgold. Lower-off grades correspond to 75% of the cut-off used to estimate the Mineral Reserves Underground Mineral Sources are reported at variable cut-off grades by zone starting from 0.69 g/t gold to 0.76 g/t gold Reported inside optimized underground mining shapes with minimal mining width of 1.5 metres and contemplating inner waste and dilution

Cerro Moro		Worth assumptions: $1,250/ouncesgold and $18.00/ouncessilver Underground NSR cut-off at $210.71/t and open pit NSR cut-off at $124.72/t Metallurgical recoveries common 93% for gold and 91% for silver	Worth assumptions: $1,250/ouncesgold and $18.00/ouncessilver. NSR cut-off values correspond to 75% of Mineral Reserves cut-off Underground NSR cut-off at $158.04/t and open pit NSR cut-off at $93.54/t Constrained in optimized stopes and pit shells

El Peñón		Worth assumptions: $1,250/ouncesgold, $18.00 silver Underground cut-off at $129.15/t Low grade stockpiles cut-off vary from 0.88 to 0.96 g/t gold equal Metallurgical recoveries for underground ores vary from 84.39% to 96.12% for gold and from 68.76% to 91.03% for silver Metallurgical recoveries for low grade stockpiles vary from 88.0% to 95.2% for gold and from 80.8% to 83.0% for silver	Worth assumptions: $1,250/ouncesgold, $18.00/ouncessilver Underground cut-off at $96.86/t, which corresponds to 75% of the cut-off worth used to estimate the Mineral Reserves Reported inside optimized underground mining shapes with minimal mining width of 0.6m and 0.3m dilution on each hanging wall and footwall Tailings and stockpiles reported at cut-offs of 0.50 g/t and 0.96 g/t gold equal respectively Metallurgical recoveries for underground ores vary from 84.39% to 96.12% for gold and from 68.76% to 91.03% for silver Metallurgical recoveries for tailings estimated to be 60% for gold and 30% for silver Metallurgical recoveries for stockpiles estimated to be 88.0% for gold and 80.8% for silver

Minera Florida	Worth assumptions: $1,250/ouncesgold, $18.00/ouncessilver and $1.25/lb zinc Underground cut-off at $92.07/t Metallurgical recoveries for underground are 92.59% for gold, 0.0% to 71.0% for silver, and 0.0% to 80.0% for zinc Tailings are reported at a cut-off of 0.99 g/t gold equal Metallurgical recoveries for tailings are 75.0% for gold		Worth assumptions: $1,250/ouncesgold, $18.00/ouncessilver and $1.25/lb zinc Underground Mineral Sources are estimated at a cut-off worth of $69.05/t, equivalent to 75% of the cut-off used to estimate Mineral Reserves, for the Las Pataguas, PVS, Fantasma, Millenium Norte, and Cucaracha zones that are constrained to underground mining shapes. The remaining zones are reported unconstrained at a NSR cut-off worth of $92.07/t. Metallurgical recoveries of 92.59% for gold, 0.0% to 71.0% for silver, and 0.0% to 80.0% for zinc

Wasamac	Worth assumption: $1,250/ouncesgold utilizing an trade price of US$1.32:C$1.00 Underground cut-off grade from 1.52 to 1.65 g/t gold (stope optimized) Mineral Reserves take into account common whole mining dilution of 11% and common mining restoration of 93%		Worth assumption: $1,250/ouncesgold. Lower-off grades correspond to 75% of the cut-off used to estimate the Mineral Reserves Underground cut-off grades vary from at 1.14 to 1.42 g/t gold Mineral Sources are reported absolutely diluted inside conceptual mining shapes

Jeronimo (57%)	Worth assumption:$900/ouncesgold Lower-off grade at 2.0 g/t gold Metallurgical restoration for gold is 86%.		Lower-off grade at 2.0 g/t gold

MARA: Agua Rica (56.25%)	Mineral Reserves are estimated utilizing a variable metallurgical restoration Common metallurgical recoveries of 86% Cu, 35% Au, 43% Ag, and 44% Mo had been thought-about Open pit Mineral Reserves are reported at a variable cut-off worth averaging $8.42/t, primarily based on steel value assumptions of $3.00/lb Cu, $1,250/ouncesAu, $18/ouncesAg, and $11/lb Mo. A LOM common open pit prices of $1.72/t moved, processing and G&A price of $6.70/t of run of mine processed. The strip ratio of the Mineral Reserves is 1.7 with general slope angles various from 39° to 45° relying on the geotechnical sector		Mineral Sources are estimated utilizing a variable metallurgical restoration LOM common metallurgical recoveries of 86% Cu, 35% Au, 43% Ag, and 44% Mo had been thought-about Mineral Sources are constrained by an optimized pit shell primarily based on steel value assumptions of $4.00/lb Cu, $1,600/ouncesAu, $24/ouncesAg, and $11/lb Mo. Open pit Mineral Sources are reported at a variable cut-off worth which averages $8.42/t milled with general slope angles various from 39° to 45° relying on the geotechnical sector

MARA: Alumbrera (56.25%)	N/A		Worth assumptions: $1,300/ouncesgold, $2.83/lb copper. Alumbrera deposit: Whittle pit shell cut-off at 0.22% copper equal Bajo El Durazno deposit: 0.2 g/t Au cut-off inside pit shell

Arco Sul	N/A		Worth assumption: $1,250/ouncesgold Underground cut-off grade at 2.00g/t, which corresponds to 75% of the cut-off that might be used for Mineral Reserves Mineral Sources reported inside optimized underground mining shapes

La Pepa (80%)	N/A		Worth assumption: $1,650/ouncesgold Lower-off grade of 0.20 g/t gold for oxides and 0.26 g/t gold for sulphides, inside optimized pit envelope

Lavra Velha	N/A		Worth assumption: $1,650/ouncesgold Mineral Sources are constrained by an optimized pit shell with metallurgical recoveries of 90.0% for oxide, 85.0% for combine and 60% for sulphide materials Lower-off grade of 0.25 g/t Au for oxide and blend materials, and of 0.37 g/t Au for sulphide materials


Monument Bay	N/A		Worth Assumption: $1,200/ouncesgold Lower-off grades are 0.4 g/t gold and 0.7 g/t gold for the open pits and 4.0 g/t gold for underground

Suyai	N/A		5.0 g/t gold cut-off inside mineralized wireframe modeling

2. All Mineral Reserves and Mineral Sources have been estimated in accordance with the requirements of the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) and Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101”).
3. All Mineral Sources are reported unique of Mineral Reserves.
4. Mineral Sources which aren’t Mineral Reserves don’t have demonstrated financial viability.
5. Mineral Reserves and Mineral Sources are reported as of December 31, 2022.
6. For the certified individuals accountable for the Mineral Reserve and Mineral Useful resource estimates on the Firm’s materials properties, see the certified individuals listing beneath:
Property	Certified Individuals for Mineral Reserves		Certified Individuals for Mineral Sources
Canadian Malartic	Patrick Fiset, Eng., and Pierre-Olivier Richard, Eng., Canadian Malartic GP		Pascal Lehouiller, P. Geo, Canadian Malartic GP
Jacobina	Eduardo de Souza Soares, MAusIMM CP (Min), Yamana Gold Inc.		Camila Passos, P. Geo, and Danilo Ribeiro dos Santos, MAusIMM CP (Geo), Yamana Gold Inc.
El Peñón	Jimmy Avendaño Gonzalez, Registered Member of the Chilean Mining Fee, Yamana Gold Inc.		Marco Velásquez Corrales, Registered Member of the Chilean Mining Fee, Yamana Gold Inc.

Certified Individuals

Scientific and technical data contained on this information launch has been reviewed and authorized by Sébastien Bernier (P. Geo and Senior Director, Reserves and Sources). Sébastien Bernier is an worker of Yamana Gold Inc. and a “Certified Individual” as outlined by NI 43-101. Knowledge verification associated to sure scientific and technical data disclosed herein in reference to Yamana’s materials properties could be discovered within the Firm’s technical reviews entitled “NI 43-101 Technical Report, El Peñón Gold-Silver Mine, Antofagasta Area, Chile” and dated efficient December 31, 2020, “NI 43-101 Technical Report, Jacobina Gold Mine, Bahia State, Brazil” and dated efficient December 31, 2019, “NI 43-101 Technical Report, Canadian Malartic Mine, Quebec, Canada” and dated efficient December 31, 2020, “Technical Report on the Agua Rica Built-in Mission, Catamarca Province, Argentina” and dated efficient June 30, 2019, “NI 43-101 Technical Report on the Wasamac Feasibility Examine Replace” and dated efficient July 16, 2021, “NI 43-101 Technical Report, Cerro Moro Gold-Silver Mine, Santa Cruz Province, Argentina” and dated efficient December 31, 2021, and “NI 43-101 Technical Report, Minera Florida Gold-Silver Mine, Metropolitan Area, Chile” and dated efficient December 31, 2021 obtainable underneath the Firm’s profile on SEDAR at www.sedar.com and on the Firm’s web site.

About Yamana

Yamana Gold Inc. is a Canadian-based treasured metals producer with important gold and silver manufacturing, growth stage properties, exploration properties, and land positions all through the Americas, together with Canada, Brazil, Chile and Argentina.

FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Relations
416-815-0220
1-888-809-0925
E-mail: investor@yamana.com

FTI Consulting (UK Public Relations)
Sara Powell / Ben Brewerton
+44 7974 201 715223 / +44 203 727 1000

END NOTES

(1) GEO is calculated because the sum of gold ounces and gold equal silver ounces utilizing a ratio of 82.94 for the year-ended December 31, 2022. GEO reserve calculations are primarily based on mineral reserves steel value assumptions of $1,250 per ounce of gold and $18 per ounce of silver, and metallurgical recoveries particular to the mine plan. Steerage GEO assumes gold ounces plus the equal of silver ounces utilizing a ratio of 72.00.
(2) A cautionary notice relating to non-GAAP efficiency measures and their respective reconciliations, in addition to further line gadgets or subtotals in monetary statements is included in Part 12: Non-GAAP Efficiency Measures and Further Subtotals in Monetary Statements within the Firm’s MD&A for the three and twelve months ended December 31, 2022, dated March 29, 2023, obtainable underneath the Firm’s profile on SEDAR at www.sedar.com and on the Firm’s web site.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This information launch accommodates or incorporates by reference “forward-looking statements” and “forward-looking data” underneath relevant Canadian securities laws and inside the that means of the USA Personal Securities Litigation Reform Act of 1995. Ahead-looking data contains, however shouldn’t be restricted to data with respect to anticipated timing for completion of the Proposed Transaction, expectations for AISC, data with respect to the Firm’s technique, plans, expectations, beliefs, together with future working efficiency and updates relating to mineral reserves and mineral assets. Ahead-looking statements are characterised by phrases corresponding to “plan”, “anticipate”, “funds”, “goal”, “mission”, “intend”, “imagine”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or situations “might” or “will” happen. Ahead-looking statements are primarily based on the opinions, assumptions and estimates of administration thought-about affordable on the date the statements are made, and are inherently topic to quite a lot of dangers and uncertainties and different identified and unknown elements that might trigger precise occasions or outcomes to vary materially from these projected within the forward-looking statements. These elements embrace transaction dangers, dangers referring to the completion of the Proposed Transaction on the timeline anticipated or in any respect, the Firm’s expectations in reference to the manufacturing and exploration, growth and growth plans on the Firm’s tasks mentioned herein being met, the influence of proposed optimizations on the Firm’s tasks, the influence of any variance within the Firm’s present plans made by Pan American and/or Agnico Eagle Mines Restricted post-closing of the Proposed Transaction, modifications in nationwide and native authorities laws, taxation, controls or rules and/or change within the administration of legal guidelines, insurance policies and practices, and the influence of basic enterprise and financial situations, world liquidity and credit score availability on the timing of money flows and the values of property and liabilities primarily based on projected future situations, fluctuating steel costs (corresponding to gold, silver, copper and zinc), forex trade charges (such because the Canadian Greenback, the Brazilian Actual, the Chilean Peso and the Argentine Peso versus the USA Greenback), the influence of inflation, doable variations in ore grade or restoration charges, modifications within the Firm’s hedging program, modifications in accounting insurance policies, modifications in mineral assets and mineral reserves, dangers associated to asset inclinations, dangers associated to steel buy agreements, dangers associated to acquisitions, modifications in mission parametres as plans proceed to be refined, modifications in mission growth, development, manufacturing and commissioning time frames, dangers related to infectious illnesses, together with COVID-19, unanticipated prices and bills, greater costs for gas, metal, energy, labour and different consumables contributing to greater prices and basic dangers of the mining trade, failure of plant, gear or processes to function as anticipated, sudden modifications in mine life, remaining pricing for focus gross sales, unanticipated outcomes of future research, seasonality and unanticipated climate modifications, prices and timing of the event of latest deposits, success of exploration actions, allowing timelines, authorities regulation and the danger of presidency expropriation or nationalization of mining operations, dangers associated to counting on native advisors and consultants in international jurisdictions, environmental dangers, unanticipated reclamation bills, dangers referring to three way partnership operations, title disputes or claims, limitations on insurance coverage protection, timing and doable final result of pending and excellent litigation and labour disputes, dangers associated to implementing authorized rights in international jurisdictions, in addition to these threat elements mentioned or referred to herein, within the administration data round in reference to the Proposed Transaction and within the Firm’s Annual Info Type filed with the securities regulatory authorities in all provinces of Canada and obtainable at www.sedar.com, and the Firm’s Annual Report on Type 40-F filed with the USA Securities and Trade Fee. Though the Firm has tried to determine essential elements that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to not be anticipated, estimated or supposed. There could be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. The Firm undertakes no obligation to replace forward-looking statements if circumstances or administration’s estimates, assumptions or opinions ought to change, besides as required by relevant legislation. The reader is cautioned to not place undue reliance on forward-looking statements. The reader is cautioned to not place undue reliance on forward-looking statements. The forward-looking data contained herein is introduced for the aim of aiding traders in understanding the Firm’s anticipated operational efficiency and outcomes as at and for the durations ended on the dates introduced within the Firm’s plans and goals and will not be acceptable for different functions.

CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED MINERAL RESOURCES

This information launch has been ready in accordance with the necessities of the securities legal guidelines in impact in Canada, which differ in sure materials respects from the disclosure necessities promulgated by the Securities and Trade Fee (the “SEC”). For instance, the phrases “mineral reserve”, “confirmed mineral reserve”, “possible mineral reserve”, “mineral useful resource”, “measured mineral useful resource”, “indicated mineral useful resource” and “inferred mineral useful resource” are Canadian mining phrases as outlined in accordance with NI 43-101 and the CIM Definition Requirements on Mineral Sources and Mineral Reserves, adopted by the CIM Council, as amended. These definitions differ from the definitions within the disclosure necessities promulgated by the SEC. Accordingly, data contained on this information launch will not be corresponding to comparable data made public by U.S. corporations reporting pursuant to SEC disclosure necessities.

Figures accompanying this announcement can be found at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/29533fb9-89a7-45c7-98ed-2583583f8156

https://www.globenewswire.com/NewsRoom/AttachmentNg/6b455d4d-646d-41eb-adf3-a0f52e43b154

https://www.globenewswire.com/NewsRoom/AttachmentNg/8e6c8003-81da-40c3-bcdf-7cde58515cf5

https://www.globenewswire.com/NewsRoom/AttachmentNg/59230e2f-86cf-466b-a309-427f87eafeda

https://www.globenewswire.com/NewsRoom/AttachmentNg/ce394a34-39a0-44b6-870a-f98fe6e58113

https://www.globenewswire.com/NewsRoom/AttachmentNg/a09179b2-fe55-442a-8e85-faed9f18690b

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