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Exploration

Exploration is the lifeblood of mining through the discovery of new ounces. Yamana stands apart for its ability to drive value by consistently replacing mineral depletion at its operations and discover higher quality ounces. El Peñón is an excellent example, producing more than five million ounces of gold, despite initial expectations for a five-year mine life when it entered production in 1999. Despite its more than 20 years of operation, the Company continues to make new discoveries at El Peñón and extend mine life.

Exploration on the most prospective properties is key to unlocking and creating value for shareholders by providing new platforms for production growth. Our generative exploration program is focused on developing high-quality projects in the Company’s extensive portfolio of projects in mining-friendly jurisdictions in the Americas where Yamana has deep exploration and technical expertise.

Generative Exploration Properties

Generative Exploration Program

Yamana believes that it is important to invest prudently and responsibly today to lay the foundation for the Yamana mines of tomorrow. To that end, a generative exploration program is in progress to advance several highly prospective opportunities in the Company's existing portfolio. The key objectives of the program are as follows:

  • Target the Company’s most advanced exploration projects while retaining the flexibility to prioritize other projects in the portfolio as and when merited by drill results.
  • Advance one or more projects to an inferred mineral resource of at least 1.5 million ounces of gold within the next three years.
  • On a long-term basis, advance at least one project to a mineral inventory that is large enough to support a mine with annual gold production of approximately 150,000 ounces for at least eight years.
  • Advance both gold-only and copper-gold projects and, in the latter case, consider joint venture agreements aimed at increasing mineral resource and advancing the project to development while Yamana maintains an economic interest in the project.

For additional details, please see the Company press release issued February 20, 2020 titled:
‘Yamana Gold Provides Update on its Generative Exploration Program.’

Detailed drill hole results at Lavra Velha (9.45MB) Download PDF PDF Format (opens in new window)
Detailed drill hole results for the São Francisco target (1.03MB) Download PDF PDF Format (opens in new window)
Detailed drill hole results at Ivolandia (1.83MB) Download PDF PDF Format (opens in new window)
Detailed drill hole results at Domain (1.43MB) Download PDF PDF Format (opens in new window)