canadian-malartic

Canadian Malartic Canada

The open pit Canadian Malartic mine, located in the Abitibi region of Quebec, began production in 2011 and is one of Canada's largest gold mines.  Jointly acquired by Yamana (50%) and our partner Agnico Eagle Mines Limited (50%) in 2014, Canadian Malartic added another cornerstone operation to Yamana's portfolio and provided a lower-risk entry into a new, world class mining jurisdiction.  Canadian Malartic has continuously pursued opportunities for refinement and optimizations since 2014, including efforts to sustainably increase throughput to nameplate levels of 55,000 tonnes per day.

For more information please visit www.canadianmalartic.com.

Key Facts

50% Yamana Owned
In partnership with Agnico Eagle
Open pit gold mine

Production (50%) 2016
Gold (oz) 292,514
Mineral Reserves & Mineral Resources (50%)
(as at Dec. 31, 2016)
Gold 3.5 million oz. proven & probable + 644,000 oz. measured & indicated

*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.

Disclaimer

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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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