Yamana Gold Exceeds 2019 Production Guidance for All Metals; Jacobina Tops Revised Full Year Guidance; El Peñón Posts Exceptional Quarterly Production - Seite 2

1. Gold equivalent ounces (“GEO”) include gold plus silver at a ratio of 85.54, 86.02, and 90.09 for the fourth quarter of 2019, full year 2019, and full year 2019 guidance.
2. Total Yamana includes Chapada, which was divested in July 2019.
   
   

Mine-by-Mine	Fourth Quarter 2019 Preliminary Production		Full Year 2019 Preliminary Production
Gold (oz.)
Chapada			52,311
El Peñón	48,131		159,515
Canadian Malartic (50%)	85,042		334,596
Jacobina	41,774		159,499
Cerro Moro	26,568		120,802
Minera Florida	20,080		73,617
Total Yamana(2)	221,595		900,339
Silver (oz.)
El Peñón	1,382,963		4,317,292
Cerro Moro	1,584,904		6,322,864
Total Yamana(2)	2,967,867		10,640,156

Costs are expected to be in line with previous guidance and adjustments noted during the year that impacted all-in sustaining costs, including approximately $30 per GEO⁽¹⁾ from the removal of production from Chapada in the second half of the year. Costs were also impacted by decisions to spend more on exploration as well as the higher GEO ratio.

More detailed information relating to production and costs along with financial results, mineral reserve and mineral resource estimates, and guidance for 2020 to 2022 will be provided on February 13, 2020.

PREVIOUSLY ANNOUNCED INCREASE TO DIVIDEND 

Effective for the first quarter of 2020, the Company will implement its previously announced 25% dividend increase, bringing its annual dividend to $0.05 per share. This will mark the second increase to the annual dividend in the past six months. 

FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS RELEASE

The Company will release its complete fourth quarter and full year 2019 operational and financial results after market close on Thursday, February 13, 2020 followed by a conference call and webcast on Friday, February 14, 2020 at 9:00 a.m. ET.