Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or the
“Company”) is pleased to announce the management information
circular (the “Information Circular”) and related meeting and proxy
materials in connection with the special meeting of shareholders
(the “Yamana Meeting”) scheduled to be held on November 21, 2022 is
expected to be filed and made publicly available after the market
close today. The purpose of the Yamana Meeting is to seek approval
for the previously announced proposed business combination whereby
all of the issued and outstanding common shares of Yamana will be
acquired by a wholly-owned subsidiary of Gold Fields Limited (JSE,
NYSE: GFI) (“Gold Fields”) by way of a plan of arrangement under
the Canada Business Corporations Act.
The Information Circular will be publicly filed
and available under Yamana’s profile on www.sedar.com and will also
be available on the Company’s website at www.yamana.com.
Shareholders of record on October 18, 2022 will
be eligible to vote at the Yamana Meeting. In addition to the
public filing of the Information Circular, it will be mailed to
Yamana shareholders of record on the above-mentioned record date.
Such mailing is expected to occur later this month.
The Yamana Meeting will be held at 10:00 a.m.
(Toronto time) on November 21, 2022, subject to any adjournment or
postponement thereof, at the Design Exchange Toronto-Dominion
Centre, 234 Bay Street, Toronto, Ontario and online at:
Website:
https://web.lumiagm.com/497366151Password:
yamana2022 (case sensitive)
A meeting of the shareholders of Gold Fields is
scheduled to follow on November 22, 2022.
Yamana would also like to remind shareholders
and interested parties that it will release its operational and
financial results for the third quarter of this year after the
market closes on Thursday, October 27, 2022. The Company will then
host a conference call and webcast to review the results on Friday,
October 28, 2022 at 9:00 a.m. Eastern Daylight Time.
Third Quarter 2022 Conference Call |
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Toll Free (North
America): |
1-800-806-5484 |
Toronto Local and
International: |
416-340-2217 |
Toll Free (UK): |
00-80042228835 |
Passcode: |
2614947# |
Webcast: |
www.yamana.com |
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Conference Call
Replay |
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|
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Toll Free (North
America): |
1-800-408-3053 |
Toronto Local and
International: |
905-694-9451 |
Toll Free (UK): |
00-80033663052 |
Passcode: |
6191894# |
The conference call replay will be available
from 12:00 p.m. EDT on October 28, 2022, until 11:59 p.m. EST on
November 30, 2022.
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
416-815-02201-888-809-0925Email: investor@yamana.com
FTI Consulting (UK Public Relations)Sara Powell
/ Ben Brewerton+44 7974 201 715223 / +44 203 727 1000
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 Yamana Meeting including
the anticipated timing of filing related documents and the Gold
Fields meeting. 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 production and exploration, development and expansion plans at
the Company's projects being met, the impact of proposed
optimizations 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, copper and zinc), currency exchange rates (such as
the Canadian Dollar, 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, construction, production and commissioning time
frames, risks associated with infectious diseases, including
COVID-19, 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 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 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 what the Company believes to be its true
value proposition and may not be appropriate for other
purposes.
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