employees

At Yamana, we strive to create an environment where our people can thrive. We work hard to promote diversity and hire locally whenever possible. We believe employees are motivated to contribute to our collective success when they are supported with the resources needed to achieve their individual goals.

Meet Our Team

Hiring locally is one of key ways that we contribute to the economic health of the communities in which we operate. Approximately 75% of our employees are from local communities, with 38% of our management team coming from the states in which we operate. We recognize the opportunity to attract more women to Yamana, as women make up approximately 8% of our total workforce. That said, our Code of Conduct ensures that there is no distinction between each gender, and in practice there is no distinction between each gender’s salaries within the same employee category.

Total Employee Rewards are Designed to be Fair and Competitive 

We actively conduct market reviews in the regions where we operate to ensure that our total rewards programs are aligned with our overall benefits philosophy and are competitive in the region when compared to our peers in the mining industry and other relevant industries.

As was the case in prior years, in 2014,we again invested significantly in benefits for our employees. In addition to those legally required by each country, our employee benefits include: a health plan, a dental plan, group life insurance, disability coverage, a pension plan, language course scholarships, variable remuneration, and an education allowance. Our low voluntary turnover rate of 4.88% demonstrates our commitment to cultivating an attractive workplace that is aligned with international best practices.

 

Employee Development

Yamana is focused on training and development in all regions where we operate. Performance management and the identification of high-potential candidates will continue to support our commitment to our global workforce development programs. In 2014, Yamana successfully launched and embedded our Learning Management System (“LMS”)into the business culture. This new tool helps us integrate and automate the management of training to all of our offices and operations, offering multiple learning opportunities in areas such as safety, compliance, leadership training and executive development. 7,640 sessions were run using this tool, while additional training continued to be provided to all employees, both internally and through external providers. Our goal is to further advance our training for all employees through the LMS in 2015.Every employee should be able to develop the skills needed to achieve their career aspirations. We promote a dynamic environment that encourages professional growth, and use tools to provide individual assessment, identify training opportunities and create individual development plans. We also provide financial support for external courses, and grant sabbatical leaves with guaranteed professional reintegration.


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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