By Jaime Llinares Taboada
Yamana Gold Inc. released its year-end mineral resource update on Wednesday, noting that gold and silver reserves were relatively flat from a year earlier. Here’s what the miner had to say:
On company-wide reserves and resources:
“The Company has replaced the gold mineral reserves at each of its wholly owned operations and by 130% of depletion, demonstrating the sustainability and longevity of its mines.”
“As of December 31, 2021, the Company reports 13.7 million ounces of gold mineral reserves and 111 million ounces of silver mineral reserves, relatively flat from the prior year.”
On Jacobina, Brazil:
“Jacobina recorded another year of mineral reserve and mineral resource growth, adding 324,000 ounces of gold mineral reserves, representing a 5% increase year-over-year versus depletion.”
“Gold mineral reserves have grown by 55%, or more than 1 million ounces without depletion, to 2.94 million ounces over the last four years and mineral resources have increased by 69% over the same period.”
On Odyssey, Canada:
“At Odyssey, mineral resources continue to grow as a result of ongoing exploration drilling, with year-end reported 2.35 million ounces of indicated gold mineral resources and 13.15 million ounces of inferred gold mineral resources (100% basis).”
On El Penon, Chile:
“El Penon has added Mineral Reserves beyond depletion for the fourth consecutive year, with Mineral Reserves growing 23% over the period to 1.3 million gold equivalent (“GEO”) ounces.”
On Cerro Moro, Argentina:
“Cerro Moro successfully replaced the depletion of GEO-based mineral reserves, primarily as a result of the extension of high-grade veins at the main Zoe, Martina and Naty orebodies, which remain open at depth.”
Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT
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