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YAMANA GOLD INC.

TSX:YRI
No current share price held for this company.

Past year: ▲ 11%(5.80 – 8.03 CAD)

Market cap
—
Shares on issue
—
Story beats
65 since 2006
Last event
31 Mar 2023

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

17 Jan 2007drilling progress report▲ GoodMajor

Yamana reported infill drilling at Gualcamayo, including hole 06QD-377 with 4.86 g/t gold over 24m inside 2.11 g/t over 84m, and says resources may support a larger operation than the planned 16,000 tonnes per day. It also reported a San Andrés (Honduras) measured and indicated resource of 1,290,000 ounces as of Oct 31, 2006, up 455,000 ounces (54%) from the 835,000 ounces when Yamana acquired the property on Feb 28, 2006, plus reserves of 499,000 ounces. Production at the East Ledge pit is about 80,000 ounces a year, and the company says it is monitoring a new mining law in Honduras that matters for expansion plans; Gualcamayo start-up is still planned for mid-2008.

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7 Nov 2006resource reserve update▲ GoodMajor

Yamana released an updated feasibility study for its São Vicente project in Brazil. Mineral reserves rose 69% to 341,883 ounces, and the study supports a stand-alone open pit mine with an initial 5.3-year life and about 57,000 ounces of gold a year. Pre-production capital is estimated at US$43.6 million and the after-tax IRR at about 17% at US$550/oz gold. Yamana has made a positive construction decision, with completion scheduled for early to mid 2008. The release also gives drilling results at the Pau-a-Pique and Ernesto prospects on the same gold belt as São Francisco.

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