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2012 Fourth Quarter and

Year End Results February 21, 2013

May 2, 2012

1

Cautionary Statement

2

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This presentation contains forward-looking statements within the meaning of

the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Except for statements of historical

fact relating to the Company, information contained herein constitutes forward-looking statements, including any information as to the Companys

strategy, plans or future financial or operating performance. Forward-looking statements are characterized by words such as plan, expect,

budget, target, project, intend, believe, anticipate, estimate and other similar words, or statements that certain events or

conditions may or will occur. Forward-looking statements are based on the opinions, assumptions and estimates of management considered

reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown

factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include

the Companys expectations in connection with the projects and exploration programs discussed herein being met, the impact of general business and

economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected

future conditions, fluctuating metal prices (such as gold, copper, silver and zinc), currency exchange rates (such as the Brazilian Real, the Chilean

Peso, the Argentine Peso and Mexican Peso versus the United States Dollar), possible variations in ore grade or recovery rates, changes in the

Companys hedging program, changes in accounting policies, changes in the Companys corporate mineral resources, risk related to non-core mine

dispositions, risks related to acquisitions, changes in project parameters as plans continue to be refined, changes in project development,

construction, production and commissioning time frames, risk related to joint venture operations, the possibility of project cost overruns or

unanticipated costs and expenses, higher prices for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of

the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, final pricing for concentrate

sales, unanticipated results of future studies, seasonality and unanticipated weather changes, costs and timing of the development of new deposits,

success of exploration activities, permitting time lines, government regulation and the risk of government expropriation or nationalization of mining

operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage and timing and

possible outcome of pending litigation and labour disputes, as well as those risk factors discussed or referred to in the Companys annual

Managements Discussion and Analysis and Annual Information for the year ended December 31, 2011 filed with the securities regulatory authorities in

all provinces of Canada and available at www.sedar.com, and the Companys Annual Report on Form 40-F filed with the United States Securities and

Exchange Commission. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ

materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated,

estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events

could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if

circumstances or managements estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not

to place undue reliance on forward-looking statements. The forward-looking information contained herein is presented for the purpose of assisting

investors in understanding the Companys expected financial and operational performance and results as at and for the periods ended on the dates

presented in the Companys plans and objectives and may not be appropriate for other purposes.

http://www.sedar.com/http://www.sedar.com/http://www.sedar.com/http://www.sedar.com/http://www.sedar.com/

3

Peter Marrone

Chief Executive Officer

4

Agenda

Overview Peter Marrone Chief Executive Officer

Operational highlights Ludovico Costa Chief Operating Officer

Financial highlights Charles Main - Chief Financial Officer

Development projects Evandro Cintra SVP, Technical Services

Exploration Darcy Marud SVP, Exploration

In Summary Peter Marrone Chief Executive Officer

5

Y A M A N A S C O R P O R A T E O B J E C T I V E

Clear Strategic Direction

Consistently delivering on expectations

Creating a reliable precious metals

company focused on growth and

sustainability across all measures

from production to cash flow.

Y A M A N A S C O R P O R A T E S T R A T E G Y

Clear Strategic Focus Reliability

6

We Stick to What We Know and Where We Know it

7

Y A M A N A S C O R P O R A T E S T R A T E G Y

Growth: Operational and Financial

Exploration Development Operations

Financial Corporate Development

8

L E V E R A G I N G E X P E R T I S E T O C R E A T E V A L U E

Cerro Moro Newest addition to the pipeline

High grade gold project acquired in mid / late 2012

Broadly similar to existing operations: Mercedes

and El Pen

Since acquisition, mineral resources increased by

44% -- 1.95 million GEO

Technical and trade-off studies completed

Pre-development work initiated Same approach to development used at Mercedes

Average expected annual production ~ 200,000

GEO

Delivering value through application of expertise

V A L U E T H R O U G H E X P L O R A T I O N

Mineral Resources Growth

9

13.0

16.7

18.6 19.3

11.9

14.1 13.6

15.6

8.5

7.4

10.3 11.4

2009 2010 2011 2012

Proven and Probable mineral reserves

Measured and Indicated mineral resources

Inferred mineral resources

GEO

(m

illions)

GEO

(m

illions)

Note: Refer to the Mineral reserves and Resources table available at yamana.com for further detail on Mineral Reserves and Resources discussed in this presentation

+28%

+4% +11%

6th consecutive year of mineral reserve & mineral resource increases

10

13,412 14,212

2011 2012

+6%

17,108

17,938

2011 2012

+5%

Mineral Reserves - Operations(1)

(000)

Mineral Reserves - Operations

and Projects in Development(2)

(000)

V A L U E T H R O U G H E X P L O R A T I O N

Mineral Reserves (GEO)

1. Operations includes: Chapada, El Pen, Gualcamayo, Mercedes, Jacobina, Minera Florida and Fazenda Brasileiro

2. Projects in Development includes: Ernesto/Pau a Pique, C1-Santa Luz and Pilar

Growth in quality and ounces

11

Mineral Reserves - Grade

(g/t)

0.83 0.93 0.96

2010 2011 2012

+16% of

Exploration

Improving quality of ounces

V A L U E T H R O U G H E X P L O R A T I O N

Mineral Reserves (GEO)

1. Operations includes: Chapada, El Pen, Gualcamayo, Mercedes, Jacobina, Minera Florida and Fazenda Brasileiro

2. Projects in Development includes: Ernesto/Pau a Pique, C1-Santa Luz and Pilar

Importance

of

Exploration

O P E R A T I O N A L P E R F O R M A N C E

Production and Growth Reliability

Note: Silver production is treated as a gold equivalent and is based on an assumed silver to gold ratio of 50:1 in 2011 and 2012.

12

Delivering consistent quarter over quarter production growth

Growth in Production

(GEO)

278,832

288,700

310,490

322,990

Q1 2012 Q2 2012 Q3 2012 Q4 2012

267,368

278,737 279,274 276,918

Q1 2011 Q2 2011 Q3 2011 Q4 2011

239,838

253,264

267,409

286,683

Q1 2010 Q2 2010 Q3 2010 Q4 2010

2010 2011 2012

D E L I V E R I N G O R G A N I C G R O W T H

Continued Production Growth

13

2010 2011 2012A 2013E 2014E

Silver ozs

Gold ONLY ozs

1.1M 1.0M

Note: Silver production is treated as a gold equivalent based on a silver to gold ratio of 50:1.

9M

1.2M

Established trend at delivering production growth

+60%

10M 9M

+20%

+33%

14

2013E

Below $800

2012 Cash Costs(1)

2012 FY