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Cerro Moro Argentina

Download a PDF of Cerro Moro detailed exploration results related to the November 19, 2019 press release.

Cerro Moro is a gold-silver operation located in the Santa Cruz province of Argentina. The operation began feeding ore to the 1,000 tonne per day processing plant in April 2018.

The property contains a number of high-grade epithermal gold and silver veins, which are mined through a combination of open pit and underground mining.  Cerro Moro is expected to produce 117,000 ounces of gold and 7.5 million ounces of silver in 2020. 

The Cerro Moro project offers significant opportunities for the conversion of mineral resources* into mineral reserves and for further discoveries on the property. Yamana is targeting the addition of 1.0 million gold equivalent mineral resources to the mineral inventory over the coming years.

Key Facts

100% Yamana Owned
High grade open pit underground gold-silver mine

Gold (oz.)
Silver (oz.) 6.322.864
Mineral Reserves & Mineral Resources
(as at Dec. 31, 2019)
Gold 529,000 oz. proven & probable + 177,000 oz. measured & indicated
Silver 30.5 million oz. proven & probable + 13.8 million oz. 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.


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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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