YAMANA GOLD ANNOUNCES STRONG PRELIMINARY FIRST QUARTER 2020 RESULTS; JACOBINA, EL PEÑÓN, AND MINERA FLORIDA EXCEED PRODUCTION TARGETS; CERRO MORO RESUMING NORMAL OPERATIONS

TORONTO, April 06, 2020 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or “the Company”) announces strong preliminary first quarter 2020 results, with gold production of 192,238 ounces and silver production of 2.73 million ounces. Total gold equivalent ounce (“GEO”) production during the quarter was 221,746 GEO. Jacobina, El Peñón, and Minera Florida all delivered exceptional quarters, exceeding production targets. The Company also had strong financial performance in the first quarter, the result of which was an improved balance sheet, including further net debt reductions. The Company completed the quarter well capitalized and with a strong cash position along with greater certainty with its operations, including in relation to the remobilization of Cerro Moro.

Yamana commends the remarkable dedication, commitment, professionalism, and compassion of its employees who have come together in these challenging times to drive the outperformance in the first quarter while also supporting the Company’s efforts to provide vital supplies to local communities. This is the Yamana way and we could not be more proud.

First Quarter 2020 Production Results

Yamana Mines	First Quarter 2020 Preliminary Production
GEO Production (oz.)	221,746
Gold Production (oz.)	192,238
Silver Production (oz.)	2,730,851

The above totals are based on a GEO ratio of 94.23:1 for the quarter, which was higher than what the Company assumed in its guidance. GEO includes gold plus silver with silver converted to a gold equivalent ratio that is calculated based on quarterly average market prices.

First Quarter 2020 Production By Mine

Mine-by-Mine	First Quarter 2020 Preliminary Production
Gold (oz.)
El Peñón	42,230
Canadian Malartic (50%)	64,763
Jacobina	43,938
Cerro Moro	18,743
Minera Florida	22,563
Yamana Mines	192,238
Silver (oz.)
El Peñón	1,355,910
Cerro Moro	1,374,941
Yamana Mines	2,730,851

Operational Highlights