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Market: TSX NYSE LSE
Sector: Gold Mining
EPIC: YAU
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Yamana Gold
www.yamana.com
Yamana Gold Inc. is a Canadian-based gold producer with significant gold production including other precious metals and copper, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico, Central America and the United States. Yamana has seven operating mines and five development projects providing direct employment opportunities to over 8,700 individuals. 

The company is targeting sustainable production of approximately 2.2 million gold equivalent ounces in 2012.
Full Yamana Gold profile here
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Yamana Gold updates on development projects

17th Jun 2009, 2:53 pm
Yamana Gold updates on development projects

Yamana Gold Inc (TSX: YRI; NYSE: AUY; LSE: YAU) issued an update on its development and near development stage projects.

It is continuing to advance the Mercedes gold and silver project in Mexico, targeting 30,000 metres of drilling in 2009, with a budget of approximately US$4 million and the principal goal of extending the mine life. It expects to make a decision on mine construction in the first quarter of 2010.

Additional drilling at both Las Barrancas and Lupita zones at Mercedes is planned to define potential high grade ore shoots. Mercedes continues to show a high geological potential given the size of the property and the results of geological and geophysical studies to date, which support a feasibility study.

Drilling at the Pilar gold project in Brazil to date prompted Yamana to say the project is rapidly developing into a defined resource for feasibility. It believes Pilar is highly prospective and is an important near development stage project for the company with the potential to be accelerated. A feasibility study and construction decision is expected in the first quarter of 2010.

At Minera Florida, gold, silver and zinc producing mine in Chile, exploration efforts have focused on the delineation of the newly discovered Centenario and Polvorin deposits. Both have been traced along strike lengths of approximately 400 metres and are open to depth and along strike. Both contain higher grades than the current mine grades. Drilling will continue through the third quarter and a resource estimate for these new targets is expected to be completed in the fourth quarter of 2009.

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