|Yamana Gold Inc. - YRI.t operates significant gold production, development, and exploration properties in Brazil, Argentina, Chile, Mexico and Colombia.|
The Company expects production of approximately 1.23m to 1.31m gold at AISC of $ 800 and silver production of 6.9m to 7.2m at $ 10.20
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or the "Company") announces that it has completed the sale to Premier Gold Inc. ("Premier") of its Mexican subsidiaries through which the Mercedes mine is held. Pursuant to the transaction, the Company received total consideration of $122.5 million in cash plus shares, equity securities and net smelter return royalties having an additional value of approximately $22 million. The marketable securities received include 6 million common shares of Premier and 3 million common share purchase warrants of Premier that are exercisable at C$4.75 per common share for 24 months.