Friday, March 5, 2010

Buy Yamana On Dips Target 15.00


Yamana Gold declares quarterly dividend
08:30 EST Thursday, March 04, 2010

TORONTO, March 4 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its first quarter 2010 dividend of US$0.01 per share. Shareholders of record at the close of business on Wednesday, March 31, 2010 will be entitled to receive payment of this dividend on Wednesday, April 14, 2010. The dividend is an "eligible dividend" for Canadian tax purposes.

About Yamana

Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. The Company plans to continue to build on this base through existing operating mine expansions and throughput increases, the advancement of its exploration properties and by targeting other gold consolidation opportunities in the Americas.

For further information: Letitia Wong, Director, Investor Relations, (416) 815-0220, Email: investor@yamana.com, www.yamana.com

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Yamana Gold reports 2009 results and mineral reserves and resources
20:45 EST Wednesday, March 03, 2010

- Significant fourth quarter revenue, earnings and cash flow growth -

TORONTO, March 3 /PRNewswire-FirstCall/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its financial and operating results for the fourth quarter and year ended December 31, 2009 and its mineral reserves and mineral resources for the year ended December 31, 2009. All dollar amounts are expressed in United States dollars unless otherwise specified.

2009 FOURTH QUARTER AND FULL YEAR HIGHLIGHTS

Financial and Operating Highlights

Highlights for the three- and twelve-month periods ended December 31, 2009 include:

- Total production from continuing operations of 289,456 gold equivalent ounces (GEO) and 1,025,677 GEO, respectively; - Cash costs(1) from continuing operations excluding Alumbrera of $111 per GEO and $170 per GEO, respectively; - Revenues of $399.8 million and $1.2 billion, respectively; - Mine operating earnings of $184.3 million and $467.5 million, respectively; - Net earnings of $36.2 million and $192.6 million, respectively; - Adjusted Earnings(1) of $100.9 million or $0.14 per share and $346.1 million or $0.47 per share, respectively;

Business As Usual For Banks And Government

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