Yamana’s 2013 Gold Equivalent Production Totals 1.2 Million Ounces

Yamana Gold Inc. (TSX:YRI,NYSE:AUY) announced on Monday its preliminary operational results for Q4 2013, as well as for the full year. For the entirety of 2013, the company put out about 1.2 million gold equivalent ounces made up of more than 1 million ounces of gold and 8.4 million ounces of silver.

Production observations include:

• Production at all operating mines, not including new operations, met or exceeded goals set in 2013; this includes the revised goals set at Jacobina in the first quarter.

• At Jacobina near term objectives for improvement of costs and underground development have been met or exceeded; and

• Longer term objective of development of higher grade areas is in progress.

• Shortfall in production compared to overall production goals can be attributed entirely to new operations all of which were met with challenges and delays in 2013, which were resolved by year end. In the fourth quarter, there were significant improvements in production at Pilar and Ernesto/Pau-a-Pique with a continuing steady state ramp-up at C1 Santa Luz. Pilar and Ernesto/Pau-a-Pique production increased by 115% and 46% over third quarter levels with significant improvements occurring in December.

Click here to read the full Yamana Gold Inc. (TSX:YRI,NYSE:AUY) press release.