Mon, May 28, 2012, 8:50 PM EDT - U.S. Markets closed for Memorial Day

Yamana Gold increases mineral reserves by 11%

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AUY14.880.42

Yamana Gold announced its mineral reserves and resources for the year ended December 31, 2011. The company's total gold equivalent ounces, or GEO, in the proven and probable mineral reserves category increased by 2.0M ounces to 18.6M ounces, which represents an 11% increase over the previous year. Total measured and indicated resources were replaced and inferred GEO mineral resources increased by 39% to over 10M ounces. The increases are net of 2011 depletion due to production of 1.1M GEO.

 

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