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Yamana Gold Inc.
Summary
| Project: | Jacobina | |
|---|---|---|
| Deposit: | Jacobina | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-9-2019: Yamana Gold Inc. announces a Resource Estimation report for its Jacobina deposit at the Jacobina project. Ore reserve update plus new drilling results incl. 2.00m @ 41.70g/t Au from 84.00m. TORONTO, Sept. 05, 2019 -- YAMANA GOLD INC. (TSX:YRI; N | |
| Resources: | (Reserve, P+P): 29.588Mt @ 2.40g/t Au at Jacobina | |
| CP/QP: | [Overall Report]: Henry Marsden (Internal) | |
| ABSTRACT: | TORONTO, Sept. 05, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) announces updated mid-year mineral reserve and mineral resource estimates for the Jacobina mine with mineral reserves, after depletion from production for the six-month period of 2019, of 2,279,000 ounces of gold, representing an increase of 8.6% versus year-end 2018. In addition, mineral reserve grade increased by 2.6%, which is a second straight year of mineral reserve grade increase. From year-end 2017, overall mineral reserve grade has increased by 5.3%. The mineral reserve estimate and mineral reserve grade increase provides a stable platform for expanded long-term production and free cash flow generation. The Company is also today providing an exploration update for Jacobina demonstrating strong growth in total contained and future potential ounces. The Canavieiras and Morro do Vento areas have yielded excellent new drill intercepts and are expected to continue providing new resources at higher than life-of-mine (“LOM”) grades. Jacobina represents a meaningful and high quality operation with substantial long life and a significant production platform, which should further improve with additional exploration and with a planned phased expansion (see below). Jacobina is now a significant contributor to Yamana’s net asset value, EBITDA, cash flow, and free cash flow. | |
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