Canadian Mining Journal

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GOLD: Yamana celebrates 15 years since IPO



The Chapada copper-gold mine was Yamana’s first and still has 20 years of mine life ahead of it. (Image: Yamana Gold)

TORONTO – On July 31, 2018, Yamana Gold celebrated its 15th anniversary since launching itself as a public company using a reverse takeover.

The company’s early portfolio of properties included the Chapada copper-gold mine in Brazil. Yamana commissioned the project in 2007, and it continues to return value today with another 20 years of mining ahead of it.

Peter Marrone, chairman and CEO, commented, “In 2003, we had a vision to create a significant and dominant intermediate gold company that focused on high quality assets in more prominent and higher quality mining jurisdictions in North and South America mostly to deliver better value with lower risk.

“Over the past 15-year period, we have achieved these objectives plus much more, and we are proud that Yamana in 2018 is a realization of that initial vision. Thank you to all Yamana employees past and present, our contractors and suppliers, our local communities and our many other stakeholders, and all the others who have supported us getting to this stage,” he added.

Today Yamana counts eight successful mines – 100% of the Chapada copper-gold and Jacobina gold mines in Brazil; mine; 50% of the Canadian Malartic gold mine in Quebec; 12.5% of the Alumbrera copper-gold-molybdenum and 100% of the Gualcamayo gold and new El Moro gold-silver mines in Argentina; and 100% of the El Penon gold-silver and Minera Florida gold-silver-zinc mines in Chile – in its portfolio.

Those projects are expected to produce over 1.1 million oz. of gold equivalent and 120 million lb. of copper this year.

Additional details are available at www.Yamana.com.