Yamana Gold, Inc. reported preliminary operational results for the fourth quarter and the full year 2012. Record fourth quarter preliminary production of 322,800 GEO.

Record total production of 1.2 million gold equivalent ounces (GEO) for 2012, representing an increase of approximately 9% from 2011 and within guidance.

The company provided production guidance for the period 2013 to 2015. For 2013 production is expected to be in the range of 1.44 - 1.60 million GEO with a target of over 1.48 million GEO, an increase of at least 20% versus 2012 levels. This will be an increase of at least 20% over 2012 production, which is expected to be delivered through quarter over quarter growth and similar to 2012, production in the second half of 2013 will exceed production in the first half of the year. Also, consistent with previously established trends, quarterly production will be higher than the previous year's comparable period: first quarter 2013 production will exceed first quarter 2012 production. The annual production increase will be due in part to a full-year of production at Mercedes, the ramp-up of the expansion project at Minera Florida, the ramp-up of production at Ernesto/Pau-a-Pique and C1 Santa Luz, and the start-up of production at Pilar. For 2013, depreciation, depletion and amortization is expected to be approximately $485 million or $335 per GEO when excluding any allocation to copper.

For 2014 production is expected to be in the range of 1.60 - 1.77 million GEO with a target of 1.75 million GEO, an increase of at least 33% versus 2012 levels. This increase will be in part due to a full year of production from C1 Santa Luz, Ernesto/Pau-a-Pique and Pilar, the Gualcamayo expansion, and the Suruca oxide and Corpo Sul expansions at Chapada.

For 2015 production is targeted at a sustainable level of approximately 1.75 million GEO.