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Yamana Gold Inc.
Summary
| Project: | Jacobina | |
|---|---|---|
| Deposit: | Jacobina | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 6/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-6-2019: Yamana Gold Inc. announces a Resource Estimation report for its Jacobina deposit at the Jacobina project. Mineral resource and ore reserve statement. TORONTO, ONTARIO, June 27, 2019 – YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or “the Com | |
| Resources: | (Reserve, P+P): 27.855Mt @ 2.34g/t Au for 2.099Moz Au contained | |
| CP/QP: | [Resources]: Sebastien Bernier (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO, June 27, 2019 – YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or “the Company”) today announced an increase to the three year guidance for its wholly-owned Jacobina mine and an update on its two-phased plan to further increase production thereby improving the strategic life of mine. The following tables present the Company's increased production expectations for Jacobina in 2019, 2020, 2021, and cost guidance for 2019, excluding further potential upside from the Phase 2 expansion described below and any benefit from higher grade ore. Increases in production are only attributable to implementation of the Phase 1 expansion, which is now in progress. The Company is one year ahead of schedule in its plans to increase sustainable production to 150,000 ounces per year and now forecasts life of mine production of over 170,000 ounces per year after 2021. Guidance for 2019 capital costs remains unchanged. Furthermore, the company expects a similar level of total capital spending during 2020. | |
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