Yamana gold announces preliminary fourth quarter and full year 2021 operating results, exceeding annual production guidance with strong cash flow generation and standout performances at its core operations

Toronto, jan. 13, 2022 (globe newswire) -- yamana gold inc. (tsx:yri; nyse:auy; lse:auy) (“yamana” or “the company”) herein announces fourth quarter and full year 2021 preliminary operating results. production during the fourth quarter totaled 281,388 gold equivalent ounces (“geo”)(1), significantly exceeding the previously provided quarterly guidance of 270,000 geo(1) with full year production of 1.01 million geo(1) exceeding annual guidance of 1.00 million geo(1). fourth quarter all-in sustaining costs (“aisc”)(2) are expected to be approximately $970 per geo(1), lower than previously provided cost guidance for the quarter and approximately 8% below aisc(2) reported for the prior three quarters. strong cash flows increased cash balances by more than $65 million to a total year-end cash balance in excess of $305 million. in addition to the strong operating results and cash flow generation during the quarter, important and material strategic initiatives were advanced, including the previously announced permitting for the phase 2 expansion at jacobina, the announcement of the company's greenhouse gas abatement (“ghg”) target aligned with a 1.5º c temperature scenario and the continuing advancement of development and exploration activities across the portfolio.
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