Why Invest
Why Yamana?
A leader in production growth
- Targeted production growth from approximately 1.2 to 1.3 million gold equivalent ounces in 2008 to approximately 2.2 million ounces in 2012
Low cost cash producer
- Generating strong earnings and cash flow from low cost operations
Sustainability
- Robust portfolio of seven operating mines, five development stage projects
Superior exploration and development prospects
- Geographical and asset diversification in mining friendly regions near existing infrastructure; $84 million exploration budget in 2008 and 2009
Highly liquid gold vehicle
- Average daily trading volume today of approximately 24 million shares on three leading stock exchanges
Leverage to gold price
Proven experience
- High performing management and operations teams
Value Proposition
- Delivering value to shareholders
Why Gold?
- Gold is fundamentally a currency and in periods of increasing demand for gold the upward price movements can be more rapid and larger than in other currency markets
- Gold serves as a store of wealth
- Gold has functional uses in jewelry and certain industrial applications which distinguishes it from other currencies
- There is a finite amount of gold available unlike paper currencies
- Gold is considered a safe haven during times of geopolitical uncertainty
CEO’s Message
Since our creation in 2003, we have successfully turned undervalued Brazilian properties into profitable, producing mining operations, implemented an extensive exploration program and increased reserves and resources as well as proved our operation expertise through buildings two major mines, including Chapada, Yamana’s original flag ship mine.
Last year, in 2007, we proved the value of the acquisitions done in 2006 as we became a cash flow and earnings generating company. We fortified the base for subsequent phases of growth and distinguished ourselves as the premier intermediate gold producer.
This year, we will focus on organic growth with a strong push on exploration for both the short and long term and will continue to excel and deliver on our promises. It is our vision to increase our 2008 production to approximately 1.2 million ounces which we can achieve from our existing mines and project under development.
|