(All dollar amounts are expressed in
dollars unless otherwise specified)
Aug. 3, 2011
YAMANA GOLD INC.
(TSX:YRI) (NYSE:AUY) (LSE:YAU) today declared a third quarter dividend of
per share. Shareholders of record at the close of business on
Friday, September 30, 2011
will be entitled to receive payment of this dividend on
Friday, October 14, 2011.
The dividend is an "eligible dividend" for Canadian tax purposes.
May 10, 2011
, the Board of Directors approved an increase in the Company's annual dividend to
per share or
per share per quarter. This represents a 50 percent increase over the prior annual dividend of
per share, or
per share per quarter.
Yamana is committed to delivering value to shareholders, across all measures including cash value by means of dividends. The Company plans to continue this trend of returning greater value to shareholders in cash as earnings, cash flow and cash balances continue to increase.
Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in
. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas.
SOURCE Yamana Gold Inc.