AUY-NYSE $3.12 -0.33 -9.56% Volume: 31,176,562 February 16, 2018
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News Details

Yamana Gold Reports Fatal Accident at Gualcamayo Mine

02/02/2018

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TORONTO, Feb. 02, 2018 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI) (NYSE:AUY) (“Yamana” or “the Company”) deeply regrets to report that an accident occurred at the Company’s Gualcamayo mine in Argentina that has resulted in two fatalities.  The accident involved two employees of a local contractor travelling in a light truck on an access road at the Las Vacas exploration site, however, further details and exact cause are not known at this time.  The Company immediately dispatched first responders and emergency services personnel. 

An investigation has been initiated and the Company is working with the local authorities and the contractor to determine the exact cause of the incident.

“On behalf of everyone at Yamana, our deepest sympathies and thoughts are with the families and friends of those involved in this tragic accident.  They had been working at Gualcamayo for many years and were well known at the operation,” said Daniel Racine, Yamana’s Executive Vice President and Chief Operating Officer.  “We are already working with local authorities and the contractor to investigate the causes of the incident. The safety of everyone at all of our sites is our highest priority.”

The contractor is based in Buenos Aires and is one of the largest heavy equipment rental companies in the Argentina providing leasing and maintenance services of heavy mobile, ancillary and auxiliary equipment, and have been working with the Company at Gualcamayo for over five years.

FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
416-815-0220
1-888-809-0925
Email:  investor@yamana.com

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Source: Yamana Gold

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NON-GAAP INFORMATION

Yamana discloses certain non-GAAP measures including Cash costs per ounce of gold, Cash costs per ounce of silver, Co-product cash costs per ounce of gold, Co-product cash costs per ounce of silver, Co-product cash costs per pound of copper, All-in sustaining costs per ounce of gold, All-in sustaining costs per ounce of silver, All-in sustaining co-product costs per ounce of gold, and All-in sustaining co-product costs per ounce of silver to supplement its Consolidated Financial Statements, which are presented in accordance with IFRS. The term IFRS and generally accepted accounting principles (“GAAP”) are used interchangeably. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. Non-GAAP measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

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