Yamana Gold Included in TSX30 List of Top 30 Performers on the Toronto Stock Exchange
September 15 2020 - 9:45AM
YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) is
pleased to announced that it has been included in this year’s TSX30
ranking of top performing stocks on the Toronto Stock Exchange
(“TSX”).
The TSX30 program is a sector-agnostic ranking
of the top 30 performing companies on the TSX over a three-year
period, based on dividend-adjusted share price appreciation.
“We are very proud to be part of the TSX30,
which validates both our strategic vision and the hard work of
every Yamana employee,” said Daniel Racine, President and Chief
Executive Officer of Yamana. “We believe this is just the start. As
Yamana advances projects to increase production at its existing
operations and grow its reserves and resources, we will continue to
increase shareholder returns and be an investment of choice for TSX
investors. I could not be more excited for the future.”
Underpinned by its talented and dedicated
workforce, Yamana has taken a number of important steps in the last
three years to drive performance and set the stage for long-term
growth and higher returns. These include:
- Delivering on our initiatives related to health, safety,
environment, and community relations programs. The Company's Total
Recordable Injury Frequency Rate was 0.57(i) in 2019, a 24%
decrease over the past three years.
- Reducing net debt by US$991 million in the past four quarters,
significantly increasing financial flexibility.
- Upgrading and rightsizing of the Company’s asset portfolio to
five high-quality, long-life producing mines along with a deep
pipeline of exploration and development projects — all located in
mining-friendly jurisdictions in the Americas.
- Advancing key projects in the Company’s existing portfolio,
including the phased expansion of Jacobina and the Canadian
Malartic underground project, setting the stage for consistent
long-term growth.
- Transitioning to a positive, and rising, free cash flow
profile.
- Increasing shareholder returns, including four dividend raises
in the past year alone for a cumulative increase of
250%.
- Executing on portfolio optimization initiatives by monetizing
non-producing assets, further enhancing financial
flexibility.
(i)
Calculated on 200,000 hours worked and includes employees and
contractors.
About YamanaYamana 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
416-815-02201-888-809-0925Email: investor@yamana.com
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