Yamana Gold Incorporated

Company Balance Sheet

Assets
	Dec 2006	Dec 2005	Dec 2004	Feb 2004
Cash and Equivalents	69.68M	151.63M	87.05M	34.60M
Receivables	32.53M	6.16M	1.18M	1.37M
Inventories	51.25M	11.35M	5.86M	3.85M
Other Current Assets	0.00	1.26M	2.07M	1.01M
Total Current Assets	153.46M	170.41M	96.16M	40.83M
Property, Plant & Equipment, Gross	1.91B	248.59M	78.58M	54.99M
Accumulated Depreciation & Depletion	49.74M	7.75M	4.89M	1.88M
Property, Plant & Equipment, Net	1.86B	240.84M	73.69M	53.11M
Intangibles	0.00	0.00	0.00	0.00
Other Non-Current Assets	62.77M	47.89M	5.80M	0.00
Total Non-Current Assets	2.03B	295.29M	80.94M	53.11M
Liabilities & Shareholder Equity
Total Assets	2.18B	465.70M	177.11M	93.95M
Accounts Payable	39.47M	22.83M	7.22M	5.03M
Short Term Debt	1.93M	0.00	0.00	0.00
Other Current Liabilities	48.34M	8.62M	0.00	0.00
Total Current Liabilities	100.46M	31.44M	7.22M	5.03M
Long Term Debt	17.05M	106.85M	0.00	0.00
Deferred Income Taxes	328.37M	2.92M	4.60M	2.71M
Other Non-Current Liabilities	18.72M	9.51M	4.97M	4.94M
Minority Interest	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	364.14M	119.28M	9.57M	7.66M
Total Liabilities	464.60M	150.72M	16.80M	12.69M
Preferred Stock Equity	0.00	0.00	0.00	0.00
Common Stock Equity	1.72B	314.97M	160.31M	81.26M
Common Par	0.00	0.00	0.00	0.00
Additional Paid In Capital	1.68B	315.08M	147.41M	74.43M
Cumulative Translation Adjustment	0.00	0.00	0.00	0.00
Retained Earnings	-80.33M	-3.85M	263.00K	-2.52M
Treasury Stock	0.00	0.00	0.00	0.00
Other Equity Adjustments	115.50M	3.74M	12.64M	9.35M
Total Capitalization	1.73B	421.82M	160.31M	81.26M
Total Equity	1.72B	314.97M	160.31M	81.26M
Total Liabilities & Stock Equity	2.18B	465.70M	177.11M	93.95M
Total Common Shares Outstanding	344.60M	191.34M	122.29M	95.06M
Preferred Shares	0.00	0.00	0.00	0.00
Treasury Shares	0.00	0.00	0.00	0.00
Basic Weighted Shares Outstanding	276.62M	144.89M	100.04M	43.67M
Diluted Weighted Shares Outstanding	276.62M	144.89M	125.00M	43.67M
Number of Employees	2800	1265	745	30
Number of Part-Time Employees	0	0	0	0