Yamana Gold Announces Share Purchases by the Executive Chairman and Chief Executive Officer
December 20 2018 - 11:06AM
YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) is
pleased to announce that Executive Chairman, Peter Marrone, has
purchased an additional 650,000 common shares of Yamana. This
brings Mr. Marrone’s total share and share-equivalent ownership in
the Company to over 4.84 million shares, with the ownership details
presented in the table below. Additionally, the Company’s
President and Chief Executive Officer, Daniel Racine, has purchased
an additional 70,000 common shares, bringing his total share
and share equivalents ownership to over 731,000 shares.
In just over 12 months, Mr. Marrone and Mr.
Racine have purchased a total of over 1.0 million additional
shares in the Company, including the most recent purchases.
These purchases are part of a broader plan by both individuals to
increase their holdings in Yamana.
Share holdings (1) |
Common ShareOwnership |
Change in Common Share Ownership Since November 1, 2017 |
Total Share and Share Equivalents |
Peter Marrone (2) |
1,628,395 |
935,475 |
4,841,792 |
Daniel Racine |
239,176 |
187,898 |
731,122 |
(1) Total share and share equivalents includes
common shares, Restricted Share Units (“RSUs”), Deferred Share
Units (“DSUs”), and Performance Share Units (“PSUs”).(2) As at
February 14, 2018 and as part of his total equity ownership, Mr.
Marrone held 2,836,243 DSUs. As a holder of DSUs, Mr. Marrone
is fully aligned with shareholders because the value of DSUs is
directly linked to the price of Yamana common shares and the DSUs
cannot be redeemed until he resigns as Executive Chairman or
retires. The total shareholdings for Mr. Marrone do not include
amounts held in one or more family trusts for which he does not
exercise control or direction.
About Yamana
Yamana is a Canadian-based gold producer with
significant gold production, gold 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 existing operating mine
expansions, throughput increases, development of new mines, the
advancement of its exploration properties and, at times, by
targeting other gold consolidation opportunities with a primary
focus in the Americas.
FOR FURTHER INFORMATION PLEASE CONTACT: Investor
Relations416-815-02201-888-809-0925Email: 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 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. 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 satisfaction of all closing conditions, the completion of the
Sale Transaction, the expected use of proceeds discussed herein and
delivering value creation over the long term, 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 plans and
objectives in connection with the Sale Transaction and may not be
appropriate for other purposes.
(All amounts are expressed in United States dollars unless
otherwise indicated.)
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