Yamana Gold has a diversified portfolio of assets providing sustainable gold production supported by a large resource base. We have industry-low cash costs and operations in some of the world’s most stable mining jurisdictions. Every Yamana Gold share offers significant exposure and increasing leverage to gold through continued production and mineral resource growth. We have increased production from 1.0 million GEO in 2010 to 1.2 million GEO in 2012 and are targeting an annual production rate of approximately 1.75 million GEO in 2014.

2012 Performance

• Increased production to 1.2 million GEO
• Contained by-product cash costs to below $250 per GEO
• Delivered strong financial results
• Completed commissioning at the Mercedes mine in Mexico 
• Advanced three development projects
• Increased dividend

2013 Objectives

• Increase production to over 1.4 million GEO
• Contain by-product cash costs to below $365 per GEO
• Deliver strong financial results and significant free cash flow
• Ramp up production at two new mines, begin production at a third
• Advance Cerro Moro project
• Continue effective exploration program
• Uphold best practices and international standards in corporate social responsibility