The Company recently announced an agreement with Xstrata Queensland Limited and Goldcorp Inc. that would facilitate the ultimate integration of Agua Rica into Minera Alumbrera. Subject to Xstrata and Goldcorp exercising their option to have Alumbrera acquire the assets of Agua Rica, and following the integration of the projects, Xstrata, Goldcorp and Yamana would own interests in the combined project of 50%, 37.5% and 12.5% respectively, consistent with their current interest in Alumbrera.In addition, the Company will receive a combination of initial and option payments and deferred consideration which allows Yamana to retain positive exposure to the majority of the significant gold resources at the Agua Rica project. The integration of Agua Rica with Alumbrera provides the greatest value potential for Yamana and the best opportunity for the development of Agua Rica in the Catamarca province of Argentina.
YAMANA GOLD ANNOUNCES FIRST QUARTER 2011 RESULTS
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