Operations

Exploration

In 2013, Yamana focussed on growing its mineral resource base which resulted in  a 10% increase in measured and indicated mineral resources.  Yamana will continue to build on its successful 2013 exploration program with plans to spend approximately $70 million in 2014.  The exploration program in 2014 will focus on mineral resource discovery and development as well as mineral reserve growth at existing operations, development projects and on new discoveries to continue developing the  Company's project pipeline.

Exploration Highlights

  •  Total resources increased by 10% with a 5% grade increase
  •  Total inferred resources increased by 32%
  •  El Peñón resources increased by 100%, grade increased by 19%
  •  Mercedes resources increased by 26%
  •  Gualcamayo resources increased by 163%
  •  Minera Florida resources increased by 49%
  •  Maiden probable mineral reserve at Cerro Moro of 1.5M GEO at 24.34 g/t