communities

Our community relations efforts are guided by four pillars: local development, quality of life, education, and culture. We believe investing in these areas is the best way for us to contribute to building self-sustaining communities that will continue to prosper after our operations end.

Open Doors Program

The Open Doors Program aims to establish, in a clear and transparent manner, better communications between Yamana and local communities. Employees and their families, students, mining association members and community representatives visit our mines to learn more about our vision, values, safety procedures and environmental policies. In 2014, we hosted 88 site visits attended by over 1,800 community members and other stakeholders.

Integration Program

The Integration Program’s goal is to improve the quality of life of local and surrounding communities by providing support in for key areas: health, the environment, family and community involvement. The program includes Integration Day at each operation where volunteers, in partnership with local governments and members of the private sector, offer services free of charge including medical exams, environmental education and support completing legal documents. Our Integration Days have grown significantly in popularlity since their inception eight years ago. In 2014, community participation was over 100,000 attendees across all our operations, representing a 30% increase over the previous year’s participation level.

Partnership Seminars Program

The Partnership Seminars Program supports projects that contribute to the sustainable development of local communities. We accept proposals to support local education, environmental, cultural, economic and health initiatives, and provide up to 85% of funding for projects. In 2014, we contributed $404,000 to 104 projects under the Partnership Seminars Program. We continue to encourage projects focused on job creation because of their positive contribution towards long-term economic development of our communities.

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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