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Jacobina Brazil

Download a PDF of Jacobina detailed exploration results related to the May 19, 2020, press release.

Download a PDF of Jacobina Detailed Exploration Results related to the September 5, 2019 Press Release

Jacobina Mine Tour Video Presentation - October 2019

The Jacobina operation, located in Bahia state in northeast Brazil, consists of a complex of underground gold mines and a 6,500 tonnes per day (“tpd”) carbon-in-pulp processing plant. In 2014, the Company launched a major initiative to unlock Jacobina’s full potential. This included aggressive investment in delineation drilling and underground development along with improved geological modelling and mine planning. Between 2014-2018, production at Jacobina nearly doubled from 75,000 ounces of gold to 145,000 ounces, and the operation produced a record 159,499 ounces of gold in 2019.

Phase 2 envisions production increasing to approximately 225,000 ounces per year, with a likely scenario for plant throughput in the range of 7,500 tpd to 8,500 tpd.The Company is currently undertaking a pre-feasibility study to determine how best to implement this second phase that is expected to be completed in the first quarter of 2020. Pending favorable pre-feasibility study results and capital allocation decisions, investment for Phase 2 would occur mostly in 2021 and 2022, with the objective of being at the higher throughput level at the beginning of 2023.

See Technical Report

Key Facts

100% Yamana Owned
Complex of Underground Mines

Production  2019
Gold (oz.) 159,499
Mineral Reserves and Mineral Resources
(as at Dec. 31, 2019)
Gold 2.5 million oz. proven & probable + 3.1 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.
The Jacobina Mine has been certified as fully compliant with the International Cyanide Management Code by The International Cyanide Management Institute (ICMI). For details please see ICMI's press release.


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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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