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June 16, 2021 – Acquisition of Francoeur, Arntfield and Lac Fortune mining properties

Yamana Gold announces the acquisition of the Francoeur, Arntfield and Lac Fortune mining properties near the company’s Wasamac underground mining project. Potential synergies between the properties could bring additional value to the project under development.

Historical data from these new properties and the Wasamac project will be consolidated and exploration activities are expected to start by this fall to better determine mineral resources and synergistic potential, which could extend the life of the Wasamac underground mining project or enhance production.

There may also be synergistic interests with the Wasamac underground mining project currently under development, notably through the reuse of old infrastructure from the acquired properties.

It is important to note that despite this opportunity, the Wasamac underground mining project remains a separate entity. Wasamac is not dependent on the newly acquired properties, even if potential synergies are anticipated.

A thorough review of the 2018 feasibility study allowed Yamana to identify opportunities to optimize the Wasamac project:

	2018 feasibility	Optimization under study
Average tonnage	6,053 tons/day	7,000 tons/day
Mine life	11 years	More than 15 years
Annual volume	142,000 ounces	170,000 à 200,000 ounces
Technology	Rail Veyor	Conveyor

As previously reported, details of the final feasibility study update are expected to be available by the end of the summer.

The neighborhood meeting scheduled for this Wednesday will be an opportunity to share this news with the community and answer any questions that may arise, or at least document them if the answers are not yet available.

January 21, 2021 – Closing of friendly transaction between Monarch Gold and Yamana Gold

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The friendly transaction between Monarch Gold and Yamana Gold regarding the Wasamac mining property and the Camflo plant was concluded on January 21. Yamana Gold will soon resume its information and consultation activities regarding the Wasamac underground project under the guarantee that the commitments made by its predecessors will be respected and that the dialogue with the population will be maintained. There will be opportunities to get to know the team developing the project and learn more about the development itself. Yamana Gold is also pleased to announce that Marc-André Lavergne will continue his work with the Yamana Gold team as Manager of Community and External Affairs.
Yamana Gold invites you to view a video clip that offers an overview of the vision of its leaders for the Wasamac underground project, accessible at the following link:
https://www.youtube.com/watch?v=uIHBZJt4BzM&ab_channel=YamanaGold(External link)
Go to the Follow Project section of this online platform to subscribe to our mailing list and stay informed of developments in the Wasamac underground project.

June 16, 2021 – Acquisition of Francoeur, Arntfield and Lac Fortune mining properties

January 21, 2021 – Closing of friendly transaction between Monarch Gold and Yamana Gold