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Chapada Brazil

The Chapada open pit gold-copper mine, located northwest of Brasília in Goiás state, began production in 2007. It is a relatively low-cost operation and contributes significantly to Yamana’s favourable cost structure. Ore is treated in a flotation plant capable of treating 22 million tonnes annually. There is a range of optimization and expansion opportunities at Chapada and a mine life in excess of 20 years is envisaged.

In the second quarter of 2018, a multi-phase plan was announced for further improvements at Chapada. For more information refer to the May 2, 2018, press release available here.

DISCLAIMER: As per the April 15, 2019, press release, Yamana has announced it has agreed to sell the Chapada mine to Lundin Mining Corporation for total consideration of over $1.0 billion USD. The transaction is subject to customary regulatory and third party approvals and other customary closing conditions and is expected to close in the third quarter of 2019.

Key Facts

100% Yamana Owned
Open Pit Mine

Production 2018
Gold (oz.) 121,003
Copper (million lbs.) 129.0
Mineral Reserves & Mineral Resources
(as at Dec. 31, 2018)
Gold 4.5 million oz. proven & probable + 3.3 million oz. measured & indicated
Copper 3.7 billion lb. proven & probable + 2 million lb. measured & indicated

*Please refer to Mineral Reserves & Resources for complete information relating to mineral reserves and mineral resources indicating tonnage and grade for the various mines and projects.

See Technical Report


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Yamana discloses certain non-GAAP measures including Cash costs per ounce of gold, Cash costs per ounce of silver, Co-product cash costs per ounce of gold, Co-product cash costs per ounce of silver, Co-product cash costs per pound of copper, All-in sustaining costs per ounce of gold, All-in sustaining costs per ounce of silver, All-in sustaining co-product costs per ounce of gold, and All-in sustaining co-product costs per ounce of silver to supplement its Consolidated Financial Statements, which are presented in accordance with IFRS. The term IFRS and generally accepted accounting principles (“GAAP”) are used interchangeably. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. Non-GAAP measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

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