News Bureau

February 22, 2021

Yamana Gold Provides 2021-2023 Guidance

Yamana Gold herein provides 2021, 2022, and 2023 production guidance, 2021 cost guidance, and its 10-year production overview.

Yamana Gold presents the Company's total gold, silver and gold equivalent ounces (GEO) production expectations in 2021, 2022 and 2023. The Company notes that it guides on, GEO production and costs based on a particular assumption of gold and silver prices.

Although underlying gold and silver production does not change with the fluctuation in gold and silver prices, the change in the GEO ratio from such fluctuations may result in a different GEO production than that guided.

The Company looks at production within a normal range of +/- 3%, and the guidance values noted below reflect the mid-point of this production range for the 2021-2023 period.

The production profile for 2021 to 2023 shows sequential growth in gold production. Several growth opportunities are available, and in the near and medium-term the Company remains focused on optimizing the existing portfolio of five operating mines while also advancing studies for various expansion projects and longer term development assets.

The Company expects to continue its established trend of delivering stronger production in the second half of the year, with approximately 53% of production slated for the second half, along with quarterly sequential increases in production.


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