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covid-19-update

MESSAGE FROM YAMANA GOLD ON COVID-19 PREPAREDNESS

Since the COVID-19 pandemic began, our focus across Yamana has been on taking measures to protect our employees and the communities around our operations while maintaining our ability to continue to conduct our business safely and responsibly. We activated our Corporate Crisis Response Committee in the early phases of the pandemic consisting of the Company’s senior business and operational leaders to ensure we were in position to take quick and decisive action. The committee continues to be in constant communication and consults regularly with medical experts, our employees, governmental representatives, and other stakeholders to ensure we have the right plans and protocols in place.

All of our operations have implemented rigorous safety protocols and precautionary measures, including daily screening of employees for potential cases of COVID-19, a process that includes health questionnaires, temperature checks and COVID-19 testing; use of personal protective equipment (PPE); mandatory physical distancing; restricting visitors to those crucial to maintaining operations; cancelling all non-essential travel; transitioning to flexible and remote work arrangements for employees whose jobs can be performed from home; regular communication with employees to increase awareness on virus prevention and best hygiene practices; and increased cleaning and disinfecting at our operations. We have also increased staffing and support at our existing on-site medical clinics as a precautionary measure.

We continue to adapt our COVID-19 prevention plan as we learn more about the virus and to reflect updated advice from leading health authorities about how best to keep our people and communities safe from the virus. Our prevention protocols are complemented by a robust plan to manage suspected and confirmed cases within our workforce and contractors. If an employee or contractor is suspected or is confirmed to have COVID-19, they are required to follow a strict 14-day self-quarantine period and receive a negative COVID-19 test result before being cleared to return to work. We also immediately begin contact tracing to identify individuals who may have been exposed to COVID-19 so they can quarantine and monitor their conditions to help minimize the potential spread of the virus.

We recognize the many challenges our community partners are facing during the pandemic, and we have undertaken wide-ranging efforts to deliver support where it is most needed. Our operations have donated critical medical supplies including face masks, respirators, hand sanitizers, and testing equipment required to combat the virus. They have also made site medical teams available to support local health officials in the communities in which we operate.

We have donated food to local agencies to ensure vulnerable peoples have access to food during this crisis. Our people continue to work closely with our community partners to identify where our resources and expertise can be most effectively deployed.

In addition to our normal contingency and redundancy business planning, we regularly review our entire supply chain as part of our crisis committee activities to ensure continuity of our supply chain, taking steps to ensure we have sufficient supply of materials, in some cases setting up alternative supply of key materials from in-country suppliers. We have also reviewed and updated our business continuity planning to minimize disruptions, in certain cases stockpiling additional ore to ensure continuity of operations in the event of an interruption.

While the situation remains fluid, we continually monitor any measures being implemented by our host governments that could potentially impact our operations.

Yamana has always been a strong, resilient, and compassionate Company. Our people continue to show outstanding dedication and commitment in this challenging time. We are here for each other and for our host communities and countries, and we will get through this together.

Disclaimer

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NON-GAAP INFORMATION

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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