TIDMAUY
RNS Number : 0607P
Yamana Gold Inc.
16 June 2022
YAMANA GOLD RELEASES 2021 sustainability REPORT
TORONTO, June 16, 2022 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY;
LSE:AUY) ("Yamana" or "the Company") has published its 2021
Sustainability Report. This provides a comprehensive overview of
Yamana's environmental, social, and governance ("ESG") performance,
alongside the approach and philosophy that underpins the Company's
commitment to ESG excellence.
Highlights:
-- The adoption of a Responsibility Policy and eight Statements
of Commitment describing the Company's statements of principle and
intent, covering all functional aspects of Health, Safety and
Sustainable Development.
-- The continuing work to limit the impact of COVID-19 on the
Company's workforce, host communities and business, including the
high vaccination rates that have been achieved in all operating
jurisdictions.
-- The commitment to reduce greenhouse gas (GHG) emissions by
46% by 2030, from a 2019 baseline, consistent with a 1.5degC
science-based target, aligned with the Paris Agreement, and coupled
with clear and achievable plans to meet this target.
-- The commitment to local employment and procurement with the
Company maintaining over 99% national employment and sustaining a
high in-country procurement level, at 93%, spending over $544
million.
-- The achievement of zero discharges of process water and the
seventh consecutive year without any material spills across
operations.
-- The establishment of an Independent Tailings Review Board
(ITRB) to further enhance the Company's governance and assurance
processes to align with evolving international best practice, as
represented by the Mining Association of Canada (MAC) Tailings
Guide and the Global Industry Standard on Tailings Management
(GISTM).
This is Yamana's sixteenth Sustainability Report, and the fourth
year the Company has reported under the Global Reporting
Initiative's (GRI) Standards and the GRI G4 Mining and Metal Sector
Disclosures, as well as the first year reporting under the
Sustainability Accounting Standards Board (SASB) Framework.
The 2021 Sustainability Report can be accessed here .
This year, alongside this report, the Company has published its
inaugural Climate Action Report, which is fully aligned with the
Task Force on Climate-related Financial Disclosures (TCFD)
recommendations.
Yamana's inaugural Climate Action Report can be accessed here
.
About Yamana
Yamana Gold Inc. is a Canadian-based precious metals producer
with significant gold and silver production, development-stage
properties, exploration properties, and land positions throughout
the Americas, including Canada, Brazil, Chile and Argentina. Yamana
plans to continue to build on this base through expansion and
optimization initiatives at existing operating mines, development
of new mines, the advancement of its exploration properties and, at
times, by targeting other consolidation opportunities with a
primary focus in the Americas.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Investor Relations
416-815-0220
1-888-809-0925
Email: investor@yamana.com
FTI Consulting (UK Public Relations)
Sara Powell / Ben Brewerton
+44 7974 201 715 / +44 203 727 1000
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news
release contains or incorporates by reference "forward-looking
statements" and "forward-looking information" under applicable
Canadian securities legislation and within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking information includes, but is not limited to
information with respect to the Company's strategy, plans,
expectations, beliefs, including future financial or operating
performance, results of feasibility studies, repayment of debt or
updates regarding mineral reserves and mineral resources, updates
regarding the Company's mines and exploration plans, belief's in
connection with the NCIB, health, safety and sustainability goals,
and project construction and development plans. 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
Company's expectations in connection with the production and
exploration, development and expansion plans at the Company's
projects discussed herein being met, the impact of proposed
optimizations at the Company's projects, changes in national and
local government legislation, taxation, controls or regulations
and/or change in the administration of laws, policies and
practices, and 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, silver, copper and zinc), currency exchange rates (such as
the Canadian Dollar, the Brazilian Real, the Chilean Peso and the
Argentine Peso versus the United States Dollar), the impact of
inflation, possible variations in ore grade or recovery rates,
changes in the Company's hedging program, changes in accounting
policies, changes in mineral resources and mineral reserves, risks
related to asset dispositions, risks related to metal purchase
agreements, risks related to acquisitions, changes in project
parameters as plans continue to be refined, changes in project
development, construction, production and commissioning time
frames, risks associated with infectious diseases, including
COVID-19, 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
timelines, government regulation and the risk of government
expropriation or nationalization of mining operations, risks
related to relying on local advisors and consultants in foreign
jurisdictions, environmental risks, unanticipated reclamation
expenses, risks relating to joint venture operations, title
disputes or claims, limitations on insurance coverage, timing and
possible outcome of pending and outstanding litigation and labour
disputes, risks related to enforcing legal rights in foreign
jurisdictions, as well as those risk factors discussed or referred
to herein and in the Company's Annual Information Form filed with
the securities regulatory authorities in all provinces of Canada
and available at www.sedar.com, and the Company's 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 management's 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 Company's expected financial and
operational performance and results as at and for the periods ended
on the dates presented in the Company's plans and objectives and
may not be appropriate for other purposes.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCSFDEEIEESESM
(END) Dow Jones Newswires
June 16, 2022 02:00 ET (06:00 GMT)
Yamana Gold (LSE:AUY)
Historical Stock Chart
From Apr 2024 to May 2024
Yamana Gold (LSE:AUY)
Historical Stock Chart
From May 2023 to May 2024