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.