Yamana Gold Inc. T.YRI

Yamana Gold Reports First Quarter 2022 Results

[Betteryear2]

TORONTO, April 27, 2022 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or the "Company”) is herein reporting its financial and operational results for the first quarter of 2022. Production totalled 238,617 gold equivalent ounces ("GEO")(2) at total cost of sales, cash costs(1) and all-in sustaining costs ("AISC")(1) of $1,212, $734 and $1,084 per GEO(2) respectively. The standout production results, combined with the low cost performance, underpinned the strong cash flow generation including $151.7 million in cash flows from operating activities and $197.3 million in cash flows from operating activities before net change in working capital. The Company expects free cash flow to increase quarter-over-quarter with the strongest free cash flow generation anticipated in the second half of the year, and in particular during the fourth quarter, which is expected to result in cash balances steadily increasing throughout the year.

Yamana Gold Reports First Quarter 2022 Results With Low Cost Performance Driving Strong Cash Flow Generation; Standout Quarters From Jacobina and Cerro Moro