Brazil - Fazenda Brasileiro | Brazil (100% Yamana-owned)
Fazenda Brasileiro, located in Bahia state in northeast Brazil, consists of an underground gold mine and a 3,500 tonnes per day carbon-in-pulp mill. The mine has been in production for over 20 years. Yamana acquired the operation in 2003 when its mineral reserves indicated a mine life of only two and a half years, but ongoing exploration has consistently replaced mineral reserves as they have been mined.
Two new mineralized zones, CLX2 and Lagoa do Gato, were discovered in 2009, and inﬁll and extension drilling have conﬁrmed the continuity of mineralization in both areas. The CLX2 zone has signiﬁcant potential for high grade sources of ore for the mill. The zone’s high grade areas are readily accessible from the main mine’s workings and work continues with the objective of increasing mineral reserves and mineral resources.
Mineral Reserves and Mineral Resources (as at Dec. 31, 2012)
168,000 oz. proven & probable + 116,000 oz. measured & indicated