Yamana Announces 18% Dividend Increase
18 Junio 2012 - 5:45AM
UK Regulatory
TIDMYAU
Yamana Announces 18% Dividend Increase
FOR: YAMANA GOLD INC.
TSX SYMBOL: YRI
NYSE SYMBOL: AUY
LSE SYMBOL: YAU
June 18, 2012
Yamana Announces 18% Dividend Increase
TORONTO, ONTARIO--(Marketwire - June 18, 2012) - YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) ("Yamana" or the
"Company") today announced that the Board of Directors has approved a $0.04 increase in the Company's annual dividend to
$0.26 per share beginning in the third quarter of 2012. This represents an 18% increase from the second quarter dividend
and a 117% increase in dividends from levels in place a year ago. Effective in the third quarter of 2012, shareholders
of record on the established record date that will be determined on formal declaration of the dividend will receive
$0.065 per share.
"This most recent dividend increase is the fourth dividend increase approved by the Company in the past 12 months
signaling, yet again, that Yamana is committed to delivering growth and value to shareholders across all measures which
includes dividends," commented Peter Marrone, Chairman and Chief Executive Officer. "The increase in dividends also
demonstrates our confidence in the sustainability of higher levels of cash flow that are expected in the near term with
our C1 Santa Luz and Ernesto/Pau-a-Pique projects soon to be contributing to production. We anticipate delivering
further growth in the future helping to ensure that we can maintain our established track record of building value."
About Yamana
Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties,
exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. Yamana plans to continue to
build on this base through existing operating mine expansions, throughput increases, development of new mines, the
advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus
in the Americas.
(All amounts are expressed in United States dollars unless otherwise indicated.)
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
legislation. Except for statements of historical fact relating to the Company, information contained herein constitutes
forward-looking statements, including any information as to the Company's strategy, plans or future financial or
operating performance. Forward-looking statements are characterized by words such as "plan," "expect", "budget",
"target", "project", "intend," "believe", "anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions, assumptions and
estimates of management considered reasonable at the date the statements are made, and are inherently subject to a
variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements.
These factors include the Company's expectations in connection with the projects and exploration programs discussed
herein being met, the impact of general business and economic conditions, global liquidity and credit availability on
the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating
metal prices (such as gold, copper, silver and zinc), currency exchange rates (such as the Brazilian Real, the Chilean
Peso, the Argentine Peso, and the Mexican Peso versus the United States Dollar), possible variations in ore grade or
recovery rates, changes in the Company's hedging program, changes in accounting policies, changes in the Company's
corporate mineral resources, risk related to non-core mine dispositions, changes in project parameters as plans continue
to be refined, changes in project development, construction, production and commissioning time frames, risk related to
joint venture operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices
for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of the mining
industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, final
pricing for concentrate sales, unanticipated results of future studies, seasonality and unanticipated weather changes,
costs and timing of the development of new deposits, success of exploration activities, permitting time lines,
government regulation and the risk of government expropriation or nationalization of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage and timing and
possible outcome of pending litigation and labour disputes, as well as those risk factors discussed or referred to in
the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended December 31,
2011 filed with the securities regulatory authorities in all provinces of Canada and available at www.sedar.com, and the
Company's Annual Report on Form 40-F filed with the United States Securities and Exchange Commission. Although the
Company has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be other factors that cause actions, events or
results not to be anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's estimates, assumptions or opinions should change, except as
required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. The
forward-looking information contained herein is presented for the purpose of assisting investors in understanding the
Company's expected financial and operational performance and results as at and for the periods ended on the dates
presented in the Company's plans and objectives and may not be appropriate for other purposes.
FOR FURTHER INFORMATION PLEASE CONTACT:
Yamana Gold Inc.
Lisa Doddridge, Vice President,
Corporate Communications and Investor Relations
416-945-7362 or 1-888-809-0925
lisa.doddridge@yamana.com
Yamana Gold Inc.
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