Chile - Minera Florida | Chile (100% Yamana-owned)
Located 73 kilometres south of Santiago in central Chile, Minera Florida is an underground gold-silver mine which has been in operation for over 20 years. The very high grade Victoria vein structure was discovered in 2010, adding to previous exploration successes and increasing grade and total mineral resources. Planning is underway to re-process tailings, which will increase annual production by up to 40,000 gold equivalent ounces beginning in 2012. Ore is treated in a 2,000 tonnes per day plant incorporating flotation and the Merrill-Crow process.
| Production | 2010 | 2011E | 2012E |
|---|
| GEO | 105,604 | 115-130,000 | 140-155,000 |
Cash cost (per GEO)
| $416 | | |
Mineral Reserves and Mineral Resources
Gold 668,000 oz. proven & probable + 372,000 oz. measured & indicated
Silver 4.8 million oz. proven & probable + 1.6 million oz. measured & indicated
Strategic Mine Life (years): 10
* Please refer to
www.yamana.com/Operations/ReservesAndResources for complete information relating to mineral reserves and mineral resources indicating tonnage and grade for the various mines and projects.