This announcement is an commercial for the needs of the UK Prospectus Guidelines and never a prospectus and never a proposal of securities on the market in any jurisdiction, together with in or into Australia, Canada, Japan, the Republic of South Africa or the USA. Traders mustn’t buy or subscribe for any shares referred to on this announcement besides on the premise of knowledge within the prospectus (the “Prospectus”) that can be printed by Yamana Gold, in reference to the proposed admission of its frequent shares (“frequent shares”) to the Commonplace Itemizing section of the Official Checklist of the UK Monetary Conduct Authority (“FCA”) and to buying and selling on the Important Marketplace for listed securities of London Stock Alternate plc (the “London Stock Alternate” or “LSE”) (collectively, “LSE itemizing”). As soon as accredited, the Prospectus can be accessible on the Firm’s web site: www.yamana.com. TORONTO, July 20, 2020 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) is happy to announce it’s within the superior levels of the appliance course of with the Monetary Conduct Authority and the London Stock Alternate (“LSE”) for the admission of the Firm’s frequent shares to the usual section of the Official Checklist and to buying and selling on the LSE’s Important Market. Highlights Yamana is within the superior levels of the LSE itemizing course of and intends for the Firm’s frequent shares to be admitted to the usual section of the Official Checklist and to buying and selling on the LSE’s Important Market within the subsequent few months. Along with its different listings on the New York Stock Alternate and the Toronto Stock Alternate, the Firm believes {that a} itemizing on the LSE is effectively positioned to convey European buyers on to the Firm’s share register.The LSE itemizing will present all buyers entry and publicity to: A big Canadian-based valuable metals producer with vital gold and silver manufacturing in established mining jurisdictions within the Americas and a confirmed observe file of recent discoveries and conversion of mineral assets to mineral reserves.5 high-quality, long-life producing mines in mining-friendly jurisdictions.A manufacturing platform of roughly 1 million gold equal ounces (“GEO”)(1) in 2021 and 2022 with a low price construction.Robust and rising free cash stream together with continued future development with low near-to-medium time period capital commitments.A robust value proposition based mostly on buying and selling multiples, a rising cash stream profile, and a substantial internet asset value base with vital near-future enchancment alternatives.A portfolio of well-advanced improvement initiatives, extremely potential exploration properties and strategic investments all through the Americas that present optionality for value creation through improvement or asset monetizations that may additional strengthen the monetary place of the Firm.A dedication to the very best ESG (environmental, social and governance) requirements with an extended observe file of sustainable improvement and environmental stewardship within the communities and international locations during which the Firm operates.A robust stability sheet with internet debt under $769 million with a internet debt(2) leverage ratio of 1.0x and trending under 0.5x within the subsequent few years.A observe file of delivering cash returns to shareholders with dividends which thus far have gathered to over $940 million since dividends have been first paid simply over 13 years in the past and which, extra just lately, elevated 3 times within the final 12 months for a cumulative improve of greater than 210%.The Firm shouldn’t be intending to lift fairness capital at the side of the LSE itemizing.LSE Itemizing By itemizing on the LSE, Yamana intends to change into the ‘investment of choice’ in London for these on the lookout for publicity to gold, supported by a robust, sustainable dividend. Among the many components thought of by the Firm in pursuing the itemizing, the Firm famous that the LSE at present has a restricted variety of sizeable pure-play gold producers with annual manufacturing of 1 million ounces or extra, all of which comes from mines in established mining jurisdictions within the Americas with supportive infrastructure and protocols regarding mining. Yamana believes the LSE itemizing will present UK and European buyers with better, extra native publicity to a brand new high-quality funding alternative of a sort not at present accessible on the exchange. Itemizing on the LSE will supply Yamana improved liquidity and permit the Firm to develop its share register with an enlarged investor base. Peter Marrone, Government Chairman of Yamana Gold, commented: “This is an ideal time to be to be joining the London market. Yamana is in as strong a position as it has ever been, with a strong and rising cash flow profile, an outstanding portfolio of producing mines and projects, and a number of compelling opportunities to grow organically. We have the balance sheet strength to advance these opportunities while continuing to increase shareholder returns, as evidenced by the three increases to our dividend over the past 12 months. “Significant upside for gold equities remains, driven by recent events and the macroeconomic backdrop. As an Americas-focussed gold producer, with a first-class management team and Board, alongside a healthy dividend yield, Yamana offers a new, high-quality investment choice for the European investor looking for long-term exposure to gold. “Investing in gold is prudent at any time, but investing in a multi-asset, multi-jurisdictional, sizeable and diversified and high-quality gold producer, with a strong balance sheet and a commitment to paying dividends, is better still.” Daniel Racine, President and Chief Government Officer, added: “We pride ourselves on operational excellence and a whole-hearted commitment to the highest standards on environmental, social, and governance behaviour. We believe these qualities will resonate well with European and UK investors who focus on the London market.” Observe Document of Operational Energy, Monetary Efficiency, Delivering Returns to Shareholders: A Compelling Funding Case Yamana’s diversified portfolio of 5 high-quality, long-life mines in mining-friendly jurisdictions within the Americas consists of the Canadian Malartic Mine (Canada, 50% curiosity), the Jacobina Mine (Brazil), the El Peñón Mine (Chile), the Cerro Moro Mine (Argentina) and the Minera Florida Mine (Chile). In 2019, Yamana’s manufacturing platform was roughly 1 million GEO at all-in-sustaining prices (“AISC”)(2) under $980 per GEO. The Firm delivered on monetary outcomes with 2019 highlights together with $1,612.2 million in income and internet earnings of $225.6 million at a median gold price of $1,392 per ounce. Money stream from working actions rose to $521.eight million, a 29% year-over-year improve that contributed to a $771.1 million lower in internet debt. The Firm views the fee of dividends as an essential mechanism to handle its capital base, create monetary self-discipline, and maximize returns for shareholders. The Firm has begun to report dividends on a GEO foundation with a goal vary of $50 to $100 per GEO yearly for shareholders. Yamana’s sturdy monetary and operational efficiency has continued into 2020 with the Firm persevering with to generate vital cash flows, lowering internet debt and additional rising monetary flexibility. In its second quarter ended June 30, 2020, internet debt decreased by roughly $100 million to under $769 million. The Firm’s cash place on the finish of the second quarter was in extra of $320 million. The Firm additionally continues to ship on its portfolio optimization technique, which generates value from a pipeline of improvement initiatives, exploration properties and different strategic belongings, notably the Agua Rica venture (Argentina), the Monument Bay venture (Canada), the Suyai venture (Argentina), and pursuits in Equinox Gold (TSX:EQX; NYSE American:EQX) and Nomad Royalty (TSX:NSR; OTCQX:NSRXF). These, and different belongings within the Firm’s portfolio, present Yamana with a excessive diploma of optionality to create long-term shareholder value through improvement or by monetizations that may improve cash stream and additional strengthen the Firm’s monetary place. Appointment of Authorized Advisor, Company Dealer, and Public Relations Yamana has engaged Memery Crystal LLP as its authorized advisors and retained Tavistock Communications Ltd. to offer monetary public relations and investor relations providers within the UK. The Firm has engaged Velocity Commerce Capital Ltd. as a Canadian monetary advisor and has initiated the method of appointing UK company brokers. About Yamana Gold Yamana Gold Inc. is a Canadian-based valuable metals producer with vital gold and silver manufacturing, improvement stage properties, exploration properties, and land positions all through the Americas, together with Canada, Brazil, Chile and Argentina. Yamana plans to proceed to construct on this base by enlargement and optimization initiatives at current working mines, improvement of recent mines, the development of its exploration properties and, at instances, by focusing on different consolidation alternatives with a major focus within the Americas. FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations+1 416-815-02201-888-809-0925E-mail: investor@yamana.com Tavistock (UK Public Relations)Jos Simson / Charles Vivian / Emily MossTelephone: +44 7899 870 450 / +44 7977 297 903 / +44 778 855 4035E-mail: yamana@tavistock.co.uk CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This information launch comprises or incorporates by reference “forward-looking statements” and “forward-looking information” below relevant Canadian securities laws and inside the that means of the USA Non-public Securities Litigation Reform Act of 1995. Ahead-looking data consists of, however shouldn’t be restricted to data with respect to the Firm’s technique, plans or future monetary or working efficiency together with steering and liquidity and the Firm’s intentions with respect to itemizing on the LSE. Ahead-looking statements are characterised by phrases reminiscent of “plan”, “expect”, “budget”, “target”, “project”, “intend”, “believe”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or situations “may” or “will” happen. Ahead-looking statements are based mostly on the opinions, assumptions and estimates of administration thought of cheap on the date the statements are made, and are inherently topic to quite a lot of dangers and uncertainties and different identified and unknown components that would trigger precise occasions or outcomes to vary materially from these projected within the forward-looking statements. These components embody the UKLA not approving the Firm’s eligibility for itemizing, unexpected impacts on steering, liquidity, cash stream, monetization initiatives, and accessible residual cash, an incapability to take care of a cash reserve fund stability that may assist present or future dividend will increase, the result of varied deliberate technical research, manufacturing and exploration, improvement, optimizations and enlargement plans on the Firm’s initiatives, adjustments in nationwide and native authorities laws, taxation, controls or rules and/or change within the administration of legal guidelines, insurance policies and practices, and the impression of basic enterprise and financial situations, world liquidity and credit score availability on the timing of cash flows and the values of belongings and liabilities based mostly on projected future situations, fluctuating metallic costs (reminiscent of gold, silver and zinc), forex exchange charges (such because the Brazilian Actual, the Chilean Peso and the Argentine Peso versus the USA Greenback), the impression of inflation, doable variations in ore grade or restoration charges, adjustments within the Firm’s hedging program, adjustments in accounting insurance policies, adjustments in mineral assets and mineral reserves, dangers associated to asset inclinations, dangers associated to metallic buy agreements, dangers associated to acquisitions, adjustments in venture parameters as plans proceed to be refined, adjustments in venture improvement, unanticipated prices and bills, greater costs for gasoline, metal, energy, labour and different consumables contributing to greater prices and basic dangers of the mining trade, failure of plant, gear or processes to function as anticipated, sudden adjustments in mine life, closing pricing for focus gross sales, unanticipated outcomes of future research, seasonality and unanticipated climate adjustments, prices and timing of the event of recent deposits, success of exploration actions, allowing timelines, authorities regulation and the chance of presidency expropriation or nationalization of mining operations, dangers associated to counting on native advisors and consultants in overseas jurisdictions, environmental dangers, unanticipated reclamation bills, dangers regarding three way partnership or collectively owned operations, title disputes or claims, limitations on insurance coverage protection, timing and doable final result of pending and excellent litigation and labour disputes, dangers associated to implementing authorized rights in overseas jurisdictions, in addition to these danger components mentioned or referred to herein and within the Firm’s Annual Data Type filed with the securities regulatory authorities in all provinces of Canada and accessible at www.sedar.com, and the Firm’s Annual Report on Type 40-F filed with the USA Securities and Alternate Fee. Though the Firm has tried to establish essential components that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there may be different components that trigger actions, occasions or outcomes to not be anticipated, estimated or meant. There will be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. The Firm undertakes no obligation to replace forward-looking statements if circumstances or administration’s estimates, assumptions or opinions ought to change, besides as required by relevant legislation. The reader is cautioned to not place undue reliance on forward-looking statements. The forward-looking data contained herein is introduced for the aim of aiding buyers in understanding the Firm’s anticipated monetary and operational efficiency and outcomes as at and for the durations ended on the dates introduced within the Firm’s plans and targets and may not be applicable for different functions. All quantities are expressed in United States {Dollars} except in any other case indicated. GEO consists of gold plus silver transformed to gold equal at a ratio of 86.10 for the steering interval of 2021-2022.A cautionary be aware concerning non-GAAP efficiency measures in addition to detailed reconciliations are included in ‘Part 10: Non-GAAP Efficiency Measures’ of the Firm’s Administration, Dialogue and Evaluation of Operations and Monetary Circumstances, accessible on the Firm’s web site at www.yamana.com, and on SEDAR at www.sedar.com.
