TIDMAUY

RNS Number : 3097A

Yamana Gold Inc.

01 June 2021

01 June 2021

Yamana Gold Inc.

Report on Payments to Governments for the twelve months ended 31 December 2020

This report sets out details of the payments made to governments by Yamana Gold Inc. (the "Company") for the year ended 31 December 2020 as required by the UK Financial Conduct Authority's Disclosure and Transparency Rule 4.3A (DTR 4.3A) and in accordance with The Reports on Payments to Governments Regulations 2014 (as amended in 2015). DTR 4.3A requires a company listed on the London Stock Exchange and operating in the extractive sector to prepare and publicly disclose a report on payments to governments in the form of taxes, bonuses, royalties, fees and infrastructure improvements.

The Company is also subject to equivalent Canadian legislation, the Extractive Sector Transparency Measures Act ("ESTMA"). The Canadian requirements are aligned with the UK requirements except that the threshold for disclosure of a payment or series of related payments is lower than GBP86,000. Therefore the Company has disclosed payments in line with the ESTMA threshold of 100,000 Canadian dollars. The information is substantially a reproduction of the information set out in the Company's ESTMA - Annual Report for 2020, which is available on the Company's website.

Payments in this report have been disclosed in Canadian dollars, which is the Company's reporting currency for ESTMA. Where actual payments have been made in a local currency they have been converted using the average exchange rate for the year, as noted below.

SUMMARY TABLE SHOWING PAYMENTS MADE TO GOVERNMENTS BY PAYEE

DURING THE YEARED 31 DECEMBER 2020 IN CANADIAN DOLLARS ("CAD")

 
  Country      Payee Name         Departments,         Taxes      Royalties     Fees      Infrastructure      Total 
                               Agency, etc. within                                         Improvement     Amount paid 
                               Payee that Received                                           Payments       to Payee 
                                    Payments 
                              Administración 
              Government of    Federal de Ingresos 
 Argentina     Argentina       Públicos          133,000                                                133,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
              Municipality 
               of Puerto      Municipalidad De 
 Argentina     Deseado         Puerto Deseado                                                248,000         248,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
                              Tesoreria General de 
              Province of      la Provincia - 
 Argentina     Catamarca       Catamarca                                       121,000                       121,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
              Province of     Yacimientos Mineros 
 Argentina     Catamarca       de Agua de Dionisio                            9,575,000                     9,575,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
              Province of     Direccion Provincial 
 Argentina     Santa Cruz      de Vialidad                                                   266,000         266,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
                              Fideicomiso Proyecto 
              Province of      Unirse PSC - BSC 
 Argentina     Santa Cruz      S.A.                  5,860,000                                              5,860,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
                              Ministerior de 
              Province of      Economia y Obras 
 Argentina     Santa Cruz      publicas Santa Cruz                8,518,000                                 8,518,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
              Government of   Agencia Nacional de 
 Brazil        Brazil          Mineração   5,962,000                 638,000                      6,600,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
                              Secretaria da 
              Government of    Receita 
 Brazil        Brazil          Federal               37,732,000                                            37,732,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
                              10043575 Manitoba 
              Red Sucker       Ltd., Ishkonigan 
               Lake First      Inc., Northco 
 Canada        Nations         Management Ltd.                                 182,000                       182,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
              Government of   Tesoreria General De 
 Chile         Chile           La República     18,710,000               1,979,000                    20,689,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
              Municipality 
               of             Tesorero Municipal 
 Chile         Antofagasta     De Antofagasta                                  689,000                       689,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
              Municipality 
               of De Las      Tesorero Municipal 
 Chile         Condes          De Las Condes                                   849,000                       849,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
                              llustre 
              Municipality     Municipalidad De 
 Chile         of Santiago     Alhué                                      668,000                       668,000 
             --------------  ---------------------  -----------  ----------  ----------  ---------------  ------------ 
 Notes: 
                Report excludes Canadian Malartic Corporation (ESTMA ID: E702970) as the entity is reporting 
                its payments independently. 
 
                All payments made in a foreign currency are reported into Canadian dollars using the average 
                rate for the year. The average rates for the year used for the preparation of the report were 
                as follows, CAD/local currency: CAD 0.01898:1 Argentinian Peso, CAD 0.26013:1 Brazilian Real, 
                CAD 0.00169:1 Chilean Peso, CAD 1.52856:1 Euro, CAD 1.34119:1 USD . 
             --------------------------------------------------------------------------------------------------------- 
 

SUMMARY TABLE SHOWING PAYMENTS MADE TO GOVERNMENTS BY PROJECT

DURING THE YEARED 31 DECEMBER 2020 IN CANADIAN DOLLARS ("CAD")

 
  Country              Project Name              Taxes      Royalties     Fees      Infrastructure      Total Amount 
                                                                                      Improvement     paid by Project 
                                                                                       Payments 
              Agua Rica Project 
 Argentina     (Minera Agua Rica LLC)                                   9,696,000                        9,696,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Cerro Moro Mine 
 Argentina     (Estelar Resources S.A.)        5,952,000    8,518,000                   513,000          14,983,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Regional Office Argentina 
               (Yamana Argentina Servicios 
 Argentina     S.A.)                            133,000                  101,000                          234,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Jacobina Mine 
               (Jacobina Mineração 
               e 
 Brazil        Comércio Ltda.)            43,752,000                133,000                         43,885,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Regional Brazil Exploration 
               (Yamana Desenvolvimento 
 Brazil        Mineral S.A.)                                             515,000                          515,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Monument Bay Project 
 Canada        (Yamana Gold Ontario Inc.)                                184,000                          184,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              El Péñon Mine 
 Chile         (Minera Meridian Ltda.)         16,783,000               2,282,000                        19,065,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Jerónimo Project 
 Chile         (Agua de la Falda S.A.)                                   298,000                          298,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Minera Florida Mine 
 Chile         (Minera Florida Ltda.)           844,000                  806,000                         1,650,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Regional Office Chile 
 Chile         (Yamana Chile Servicios SPA)    1,012,000                 837,000                         1,849,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
              Beartrack 
 USA           (Meridian Beartrack Co.)                                  109,000                          109,000 
             -------------------------------  -----------  ----------  ----------  ----------------  ----------------- 
 Notes: 
                Report excludes Canadian Malartic Corporation (ESTMA ID: E702970) as the entity is reporting 
                its payments independently. 
 
                All payments made in a foreign currency are reported into Canadian dollars using the average 
                rate for the year. The average rates for the year used for the preparation of the report were 
                as follows, CAD/local currency: CAD 0.01898:1 Argentinian Peso, CAD 0.26013:1 Brazilian Real, 
                CAD 0.00169:1 Chilean Peso, CAD 1.52856:1 Euro, CAD 1.34119:1 USD. 
             --------------------------------------------------------------------------------------------------------- 
 

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June 01, 2021 02:00 ET (06:00 GMT)

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