YAU Yamana Gold

 
TIDMYAU 
 
YAMANA GOLD ANNOUNCES 200% DIVIDEND INCREASE AND SPECIAL DIVIDEND 
 
TORONTO, Nov. 3 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) announced 
today that its Board of Directors has approved an increase to the annualized 
dividend to US$0.12 per share, or US$0.03 per share quarterly. This represents 
a 50% increase to the US$0.08 annual dividend announced last quarter and a 200% 
increase over the 2009 annualized dividend. This quarterly dividend is 
effective for the fourth quarter and will be payable on January 14, 2011, to 
shareholders of record at the close of business on December 31, 2010. 
 
The Board of Directors also declared a special dividend of US$0.01 per share. 
This special dividend will top up the previously declared third quarter 
dividend and is payable on November 26, 2010 to shareholders of record at the 
close of business on November 12, 2010. 
 
"This third increase to our annual dividend this year and the special dividend 
is a reflection of our robust and growing cash flows and cash balances. Our 
approach to paying dividends demonstrates our confidence in the commodity price 
environment and our ability to execute on our future growth and growing cash 
flows," commented Peter Marrone, Chairman and Chief Executive Officer. "We have 
a track record of paying dividends, we have done so for 17 consecutive 
quarters. We see this as an important additional way to deliver value to our 
shareholders." 
 
Both of these dividends are an "eligible dividend" for Canadian tax purposes. 
 
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 with a 
primary focus 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: Lisa Doddridge, Vice President, Corporate 
Communications and Investor Relations, (416) 815-0220, Email: investor(at) 
yamana.com, www.yamana.com Or Linda Armstrong, Director, Corporate 
Communications and 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 YAU) 
 
 
 
 
 
 
END 
 

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