YAU Yamana Gold

 
TIDMYAU 
 
Yamana Gold announces 50 percent increase in dividend 
 
    TORONTO, May 5 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) 
today announced it has increased its dividend. All dollar amounts are 
expressed in United States dollars unless otherwise specified. 
    The Board of Directors has approved an increase in Yamana's dividend to 
an annualized $0.06 per share, or $0.015 per share per quarter. This 
represents a 50 percent increase over the prior annualized dividend of $0.04 
per share, or $0.01 per share per quarter. The dividend increase will be in 
effect for the second quarter dividend, payable July 14, 2010, to holders of 
record at the close of business on June 30, 2010. The dividend is an "eligible 
dividend" for Canadian tax purposes. 
    Yamana is committed to delivering value to shareholders including cash 
value by means of dividends and it will continue to periodically evaluate the 
dividend level as its cash flows increase. 
 
    About Yamana 
 
    Yamana is a Canadian-based gold producer with significant gold 
production, gold development stage properties, exploration properties, and 
land positions in Brazil, Argentina, Chile, Mexico and Colombia. 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 by targeting other gold consolidation opportunities 
in the Americas. 
 
    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release 
contains or incorporates by reference "forward-looking statements" within the 
meaning of the United States Private Securities Litigation Reform Act of 1995 
and applicable Canadian securities legislation. Except for statements of 
historical fact relating to the Company, information contained herein 
constitutes forward-looking statements, including any information as 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 projects and exploration programs discussed herein 
being met, 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, copper, silver and zinc), currency exchange rates 
(such as the Brazilian Real, the Chilean Peso and the Argentine Peso versus 
the United States Dollar), possible variations in ore grade or recovery rates, 
changes in the Company's hedging program, changes in accounting policies, 
changes in the Company's corporate resources, risk related to non-core mine 
dispositions, changes in project parameters as plans continue to be refined, 
changes in project development, construction, production and commissioning 
time frames, risk related to joint venture operations, the possibility of 
project cost overruns or 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 
time lines, government regulation of mining operations, environmental risks, 
unanticipated reclamation expenses, title disputes or claims, limitations on 
insurance coverage and timing and possible outcome of pending litigation and 
labour disputes, as well as those risk factors discussed or referred to in the 
Company's annual Management's Discussion and Analysis and Annual Information 
Form for the year ended December 31, 2009 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. 
 
 
For further information: Letitia Wong, Director, Investor Relations, (416) 
815-0220, Email: investor(at)yamana.com, www.yamana.com; MEDIA INQUIRIES: 
Mansfield Communications Inc., Hugh Mansfield, (416) 599-0024 
(YRI. AUY) 
 
 
 
END 
 

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