Exploration is the lifeblood of mining through the discovery of new ounces and we continue to focus on being ever more efficient in our exploration efforts. In 2015, we spent approximately $86 million with a focus on those ounces with the greatest potential to most quickly generate cash flow and on infill drilling to upgrade existing inferred mineral resources. 

2015 Exploration Highlights*

  • Chapada’s mineral reserves increased and resources at recently discovered Sucupira were classified as inferred mineral resources 
  • El Peñón’s exploration program identified several new vein structures near current mine infrastructure with the potential to be quickly developed for production
  • Canadian Malartic’s exploration program advanced drilling at the Odyssey deposit as it transitioned to definition drilling by year-end with the goal of reclassifying the mineralization to inferred mineral resources during 2016
  • Jacobina’s definition and infill drilling program increased mine development to approximately 6 months of planned production 
  • Fazenda Brasileiro’s mineral reserves increased by 170% to the equivalent of seven years of mine life, and the E388 zone, discovered in 2015, began contributing to production by year-end
  • Kirkland lake is an exploration district with several opportunities, some of which that are advancing toward evaluation for development, and continued to add value by returning assays with significant high grade results
  • Monument Bay’s mineral resource base expanded to 1.8 million ounces of indicated mineral resources and 1.8 million ounces of inferred mineral resources 


* Please refer to Mineral Reserves & Resources for complete information relating to mineral reserves and mineral resources indicating tonnage and grade for the various mines and projects.


You are now leaving the Yamana Gold Inc. website to go to an independent third party website. Yamana has no control over information at third party sites hyperlinked to this one. These links are being provided for the convenience of the users of this website and Yamana does not endorse and is not responsible or liable for the content, nature or reliability of any linked website or any link contained in a linked website. Yamana takes no responsibility for monitoring, updating, supplementing or correcting any information on any linked website and makes no representation or warranties regarding such 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.

Agree Disagree