The Ernesto/Pau-a-Pique gold project in Mato Grosso State is located within Yamana’s 450,000-hectare property on the prolific Guapore gold belt. The two deposits, which are 60 kilometres apart, will be mined by open pit (Ernesto) and underground (Ernesto and Pau-a-Pique) mining methods. Ore from both deposits will be processed in a common plant using gravity and carbon-in-leach treatment at a rate of one million tonnes per year. Production is expected to begin in late 2012.

Annual Production (E)	100,000 oz. gold (120,000 oz. in first two years)
Cash cost (E)	$435-485 per oz.
Gold mineral reserves	710,000 oz. proven & probable
Gold mineral resources	124,000 oz. measured & indicated