Argentina - Alumbrera | Argentina (12.5% Yamana-owned)

Located in northwest Argentina, Yamana maintains a 12.5 percent equity interest in the Alumbrera mine (Glencore Xstrata 50 percent, Goldcorp 37.5 percent). The operation commenced open pit mining in 1997 and is one of the world’s largest copper and gold mining operations, and is amongst the world’s lowest cash cost copper producers. Annual dividends from the Alumbrera property contribute to cash flow helping to fund further gold production growth.
Ownership Yamana Gold 12.5%, GlencoreXstrata 50%, Goldcorp 37.5%
Type of Operation: Open-pit copper/gold mine