Yamana Gold Announces the Appointment of UK Brokers and Provides Update on Listing Process
September 16 2020 - 4:30PM
YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the
“Company”) announces that it continues to advance its
London Stock Exchange (“LSE”) listing and
expects the Company’s common shares to be admitted to the
standard segment of the Official List and
to begin trading on the LSE’s Main Market before the
Company reports its third quarter results which is expected in late
October. Yamana has formally engaged Peel
Hunt LLP and Joh. Berenberg Gossler &
Co. KG as its nominated
United Kingdom (“UK”) brokers, both of which have a
significant presence in the UK and wider European market, and a
fundamental understanding of mining companies and the value
proposition that these companies represent. The Company is also
evaluating the selection of a third broker, and amongst the
factors being considered are the possible benefits of a larger,
international broker which still has a significant presence in the
UK and wider European market. The
appointment of corporate brokers in the UK will
provide Yamana with a strong local presence by
representatives with knowledge of the Company and mining industry,
the objective being to ensure that Yamana becomes
the ‘investment of choice’ in London for those looking for exposure
to gold via an investment in a gold mining company with
high-quality assets in the Americas, a strong and sustainable
dividend, and proper management of environmental,
social, and governance (ESG)
matters. The corporate brokers will also provide
support to the Company as it endeavours to establish and
improve liquidity on the LSE’s Main Market, and
allow Yamana to expand its share register following
access to an enlarged investor base.
About Yamana Gold
Yamana Gold Inc. is a Canadian-based precious
metals producer with significant gold and silver production,
development stage properties, exploration properties, and land
positions throughout the Americas, including Canada, Brazil, Chile
and Argentina. Yamana plans to continue to build on this base
through expansion and optimization initiatives at existing
operating mines, development of new mines, the advancement of its
exploration properties and, at times, by targeting other
consolidation opportunities with a primary focus in the
Americas.
FOR FURTHER INFORMATION PLEASE
CONTACT:Investor Relations+1
416-815-02201-888-809-0925Email: investor@yamana.com
Tavistock (UK Public
Relations)Jos Simson / Charles Vivian / Emily
MossTelephone: +44 7899 870 450 / +44 7977 297 903 / +44 778 855
4035Email: yamana@tavistock.co.uk
Peel Hunt LLP (Joint UK Corporate
Broker)Ross Allister / David McKeown / Alexander
AllenTelephone: +44 (0) 20 7418 8900
Joh. Berenberg Gossler & Co. KG
(Joint UK Corporate Broker)Matthew Armitt /
Jennifer Wyllie / Detlir EleziTelephone: +44 (0) 20 3207 7800
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: This news release contains or incorporates by reference
“forward-looking statements” and “forward-looking information”
under applicable Canadian securities legislation and within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. Forward-looking information includes, but is not
limited to information with respect to the Company’s strategy,
plans or future financial or operating performance including
guidance and liquidity and the Company’s intentions with respect to
listing on the LSE. 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 LSE not
providing listing approval to the Company, unforeseen impacts on
guidance, liquidity, cash flow, monetization initiatives, and
available residual cash, an inability to maintain a cash reserve
fund balance that can support current or future dividend increases,
the outcome of various planned technical studies, production and
exploration, development, optimizations and expansion plans at the
Company's projects, changes in national and local government
legislation, taxation, controls or regulations and/or change in the
administration of laws, policies and practices, and 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, silver and zinc), currency
exchange rates (such as the Brazilian Real, the Chilean Peso and
the Argentine Peso versus the United States Dollar), the impact of
inflation, possible variations in ore grade or recovery rates,
changes in the Company’s hedging program, changes in accounting
policies, changes in mineral resources and mineral reserves, risks
related to asset dispositions, risks related to metal purchase
agreements, risks related to acquisitions, changes in project
parameters as plans continue to be refined, changes in project
development, 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
timelines, government regulation and the risk of government
expropriation or nationalization of mining operations, risks
related to relying on local advisors and consultants in foreign
jurisdictions, environmental risks, unanticipated reclamation
expenses, risks relating to joint venture or jointly owned
operations, title disputes or claims, limitations on insurance
coverage, timing and possible outcome of pending and outstanding
litigation and labour disputes, risks related to enforcing legal
rights in foreign jurisdictions, as well as those risk factors
discussed or referred to herein and in the Company's Annual
Information Form 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.
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