Shareholder Services & Information

Dividends

Yamana increased its dividend three times in 2010 and twice in 2011 which made Yamana's dividend yield one of the most attractive in the industry. In November 2011, Yamana's Board of Directors approved an increase in the Company's dividend to US$0.05 per share per quarter.

Pursuant to tax legislation, Canadian resident individuals who receive "eligible dividends" will be entitled to an enhanced gross-up and dividend tax credit on such dividends. Yamana Gold has designated that all dividends paid by Yamana Gold Inc. are "eligible dividends" for these purposes.

Dividend Schedule

2011
	Record Date	Payment Date	Dividend per share
Q4, 2011 Q3 2011 Q2 2011 Q1 2011	Dec. 30, 2011 Sept. 30, 2011 June 30, 2011 Mar. 31, 2011	Jan. 13, 2012 Oct. 14, 2011 July 14, 2011 Apr. 14, 2011	US$0.05 US$0.045 US$ 0.03 US$ 0.03

2010
	Record Date	Payment Date	Dividend per share
Q4 2010 Q3 2010 Q3 2010	Dec. 31, 2010 Nov. 12, 2010 Sep. 30, 2010	Jan. 14, 2011 Nov. 26, 2010 Oct. 14, 2010	US$0.03 US$0.01 US$0.02
Q2 2010	Jun. 30, 2010	Jul. 14, 2010	US$0.015
Q1 2010	Mar. 31, 2010	Apr. 14, 2010	US$0.01

2009
	Record Date	Payment Date	Dividend per share
Q4 2009	Dec. 31, 2009	Jan. 14, 2010	US$0.01
Q3 2009	Sep. 30, 2009	Oct. 14, 2009	US$0.01
Q2 2009	Jun. 30, 2009	Jul. 14, 2009	US$0.01
Q1 2009	Mar. 31, 2009	Apr. 14, 2009	US$0.01

2008
	Record Date	Payment Date	Dividend per share
Dec. 2008	Dec. 31, 2008	Jan. 14, 2009	US$0.01
Nov. 2008	Nov. 28, 2008	Dec. 15, 2008	US$0.01
Oct. 2008	Oct. 31, 2008	Nov. 14, 2008	US$0.01
Sep. 2008	Sep. 30, 2008	Oct. 14, 2008	US$0.01
Aug. 2008	Aug. 29, 2008	Sep. 15, 2008	US$0.01
Jul. 2008	Jul. 31, 2008	Aug. 14, 2008	US$0.01
Q2 2008	Jun. 30, 2008	Jul. 14, 2008	US$0.03
Q1 2008	Mar. 31, 2008	Apr. 14, 2008	US$0.01

2007
	Record Date	Payment Date	Dividend per share
Q4 2007	Dec. 31, 2007	Jan.14, 2008	US$0.01
Q3 2007	Sept. 28, 2007	Oct. 12, 2007	US$0.01
Q2 2007	Jun. 29, 2007	Jul. 16, 2007	US$0.01
Q1 2007	Mar. 30, 2007	Apr. 16, 2007	US$0.01

2006
	Record Date	Payment Date	Dividend per share
Q4 2006	Dec. 29, 2006	Jan. 16, 2007	US$0.01
Q3 2006	Sept. 30, 2006	Oct.13, 2006	US$0.01

Electronic Delivery of Shareholder Documents

If you would like to receive your shareholder and financial documents electronically, please enroll in Yamana’s electronic delivery program through CIBC Mellon Trust Company at: www.cibcmellon.com/electronicdelivery .

Transfer Agent

For information regarding shareholdings, dividends, certificates, change of address, or exchange of share certificates due to an acquisition, please contact CIBC Mellon Trust Company at: