Located in northwest Argentina, Yamana maintains a 12.5 percent equity interest in the Alumbrera mine.
Mine Highlights
- Ownership interests: Yamana Gold 12.5%, Xstrata Plc. 50%, Goldcorp 37.5%
- The operating company is Minera Alumbrera Limited (MAA). MAA has the right to mine the deposit by agreement with Yacimientos Mineros de Agua de Dionisio (YMAD), an Argentine statutory entity which has title to the deposit and which now receives 20% of the net before tax proceeds since project capital plus interest has now been recovered.
- Commenced open-pit mining operations in 1997.
- One of the world's largest copper and gold mining operations, and among the world's lowest cash cost copper producers.
- Annual dividends from the property contribute to cash flow helping to fund further gold production growth.
Reserves and Resources
(at December 31, 2008)
Proven and Probable Reserves
45M tonnes at 0.40 grams/tonne gold = 578,000 ounces gold
45M tonnes at 0.40% copper = 397M pounds of copper