At the end of 2012, construction of the C1 Santa Luz project was over 95% complete. Start-up of operations was pending with completion of commissioning expected by mid-2013. Located in Bahia state in eastern Brazil, C1 Santa Luz is 160 kilometres east of Yamana’s Jacobina mine, and 140 kilometres north of the Fazenda Brasileiro mine. It has been planned as a conventional 2.5 million tonnes per year open pit operation with ore to be treated by flotation and carbon-in-leach processing. Mineralization discovered at depth in 2012 has raised the possibility of a potential underground mining operation and will be followed up intensively in 2013.