Why Invest

Why Yamana?

• Track record: rapidly growing, robust intermediate gold company
• Upside: significant operational and valuation upside
• Production Profile: steadily increasing
• Balance Sheet: strong, demonstrated ability to enter into both the capital and debt markets
• Experience: proven management and operational teams
• Assets: eight producing mines, and five development stage projects, all advancing positively
• Positioning: unhedged and leveraged to gold; hedged 50 million lb. of 2007 copper production and 90 million lb. of 2008 copper production respectively
• Potential: a large exploration portfolio in South and Central America with significant budget to uncover value.
• Commodity Markets: rising for both gold and copper

Why Gold?

• Gold is fundamentally a currency and in periods of increasing demand for gold the upward price movements can be more rapid and larger than in other currency markets
• Gold serves as a store of wealth
• Gold has functional uses in jewelry and certain industrial applications which distinguishes it from other currencies
• There is a finite amount of gold available unlike paper currencies
• Gold is considered a safe haven during times of geopolitical uncertainty

President’s Message

Since our creation in 2003, we have successfully turned undervalued Brazilian properties into profitable, producing mining operations.

Our objective over the next two years is equally ambitious, as we plan to further increase value and build on our solid foundation for growth.

To this end, it is our vision to increase our 2008 production target to 1.3 million ounces, which we believe we can achieve from our existing mines and projects under development.