Yamana Declares Second Quarterly Dividend at New 100% Increased Level
October 24 2019 - 4:30PM
YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”)
declares a fourth quarter dividend of $0.01 per share (annual $0.04
per share). Shareholders of record at the close of business
on December 31, 2019, will be entitled to receive payment of this
dividend on January 14, 2020. The dividend is an “eligible
dividend” for Canadian tax purposes.
The dividend reflects the level increased in the
third quarter, which was a 100% increase over the previous level.
Yamana will continue to evaluate its dividend policy as it
increases free cash flow and cash balances with the potential for
further increases to its dividend.
Yamana has a more than thirteen-year track
record of having paid a dividend, having first declared a dividend
in late 2006, which was just over three years after the inception
of the Company and as its first phase of mine development was
completed, which led to the generation of steady and increasing
cash flow.
About Yamana
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 and Corporate
Communications416-815-02201-888-809-0925Email:
investor@yamana.com
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 dividend policy,
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 all 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.
(All amounts are expressed in United States dollars unless
otherwise indicated.)
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