Yamana Gold Reports Third Quarter 2022 Results; Strong Production at Canadian Malartic and Jacobina Highlights the Company's Growing Sustainable Production Platform and Exceptional Execution Across Its Entire Asset Portfolio; Information Circular Publicly

TORONTO, Oct. 27, 2022 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or the "Company”) is herein reporting its financial and operational results for the third quarter of 2022. Production totalled 241,302 gold equivalent ounces ("GEO")⁽²⁾ at total cost of sales, cash costs⁽¹⁾ and all-in sustaining costs ("AISC")⁽¹⁾ of $1,299, $794 and $1,148 per GEO⁽²⁾ respectively. The standout production results, which were realized despite the gold-to-silver ratio being near an all-time high and significantly above that anticipated in guidance, delivered strong cash flow generation including $164.7 million in cash flows from operating activities and $157.1 million in cash flows from operating activities before net change in working capital. With solid results across its operations, the Company is well positioned to achieve its annual production guidance of 1,000,000 GEO⁽²⁾ with AISC⁽¹⁾ expected to be within the upper end of guidance when adjusted for the impact of the higher gold-to-silver ratio.

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