Yamana Gold

Title: Yamana Gold
Category: Mining
Clicks: 9
Added on: Nov 27, 2011
Yamana Gold is a Canada-based gold miner with exploration properties, gold development projects, gold production sites, and land positions in Colombia, Chile, Argentina, Mexico, and Columbia. It aims to expand its operations through the advancement of exploration properties, throughput increases, and expansion of existing operations, targeting a variety of gold consolidation opportunities on the North and South American continents.

The company began operations in 2003 and is presently headquartered in Toronto. It acquired several gold miners between 2005 and 2007, among which Desert Sun, Viceroy, Northern Orion, RNC Gold, and Meridian Gold. Yamana Gold is traded on NYSE under the ticker symbol AUY and on TSX under YRI. Its main competitors are Kinross Gold Corporation, Goldcorp Inc., and AngloGold Ashanti Limited

Yamaha Gold operates mining sites in Jacobina, Chapada, and El Penon, among others. Chapada is a gold-copper open pit mine found in the Goias State. El Penon is a gold-silver high grade mine found in the northern part of Chile, southeast of Antofagasta. It is an underground mine with commercial production since 2000. Exploration activities aim to upgrade and extend the known deposits as well as discover new deposits. The Gualcamayo mine is one hundred percent Yamana-owned, open pit gold mine, with 3 zones of gold mineralization. The mine is found in the northern part of the San Juan province. Another mine, which is one hundred percent Yamana-owned in the Jacobina mine, found in northeastern Brazil. The mining site comprises of a carbon-in-pulp processing facility and a complex of gold mines found underground.

Minera Florida is a mining operation found in central Chile. It is a gold-silver underground mine, which has been exploited for more than 20 years. Another mine that has been in operation for more than 20 years is Fazenda Brasileiro. This is a gold mine, with reserves that were consistently replaced when mined. It is located in the northeast part of Brazil. The CLX2 and Lagoa do Gato zones are recent discoveries, and they are accessible from existing operations. Finally, the Alumbrera mine is among the largest copper and gold mines in the world found in northwest Argentina.
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