1st Jun 2021 07:00
01 June 2021
Yamana Gold Inc.
Report on Payments to Governments for the twelve months ended 31 December 2020
This report sets out details of the payments made to governments by Yamana Gold Inc. (the "Company") for the year ended 31 December 2020 as required by the UK Financial Conduct Authority's Disclosure and Transparency Rule 4.3A (DTR 4.3A) and in accordance with The Reports on Payments to Governments Regulations 2014 (as amended in 2015). DTR 4.3A requires a company listed on the London Stock Exchange and operating in the extractive sector to prepare and publicly disclose a report on payments to governments in the form of taxes, bonuses, royalties, fees and infrastructure improvements.
The Company is also subject to equivalent Canadian legislation, the Extractive Sector Transparency Measures Act ("ESTMA"). The Canadian requirements are aligned with the UK requirements except that the threshold for disclosure of a payment or series of related payments is lower than GBP86,000. Therefore the Company has disclosed payments in line with the ESTMA threshold of 100,000 Canadian dollars. The information is substantially a reproduction of the information set out in the Company's ESTMA - Annual Report for 2020, which is available on the Company's website.
Payments in this report have been disclosed in Canadian dollars, which is the Company's reporting currency for ESTMA. Where actual payments have been made in a local currency they have been converted using the average exchange rate for the year, as noted below.
SUMMARY TABLE SHOWING PAYMENTS MADE TO GOVERNMENTS BY PAYEE
DURING THE YEAR ENDED 31 DECEMBER 2020 IN CANADIAN DOLLARS ("CAD")
Country | Payee Name |
Departments, Agency, etc. within Payee that Received Payments
| Taxes | Royalties | Fees | Infrastructure Improvement Payments
| Total Amount paid to Payee |
Argentina | Government of Argentina | Administración Federal de Ingresos Públicos | 133,000 |
|
|
| 133,000 |
Argentina | Municipality of Puerto Deseado | Municipalidad De Puerto Deseado |
|
|
| 248,000 | 248,000 |
Argentina | Province of Catamarca | Tesoreria General de la Provincia - Catamarca |
|
| 121,000 |
| 121,000 |
Argentina | Province of Catamarca | Yacimientos Mineros de Agua de Dionisio |
|
| 9,575,000 |
| 9,575,000 |
Argentina | Province of Santa Cruz | Direccion Provincial de Vialidad |
|
|
| 266,000 | 266,000 |
Argentina | Province of Santa Cruz | Fideicomiso Proyecto Unirse PSC - BSC S.A. | 5,860,000 |
|
|
| 5,860,000 |
Argentina | Province of Santa Cruz | Ministerior de Economia y Obras publicas Santa Cruz |
| 8,518,000 |
|
| 8,518,000 |
Brazil | Government of Brazil | Agencia Nacional de Mineração | 5,962,000 |
| 638,000 |
| 6,600,000 |
Brazil | Government of Brazil | Secretaria da Receita Federal | 37,732,000 |
|
|
| 37,732,000 |
Canada | Red Sucker Lake First Nations | 10043575 Manitoba Ltd., Ishkonigan Inc., Northco Management Ltd. |
|
| 182,000 |
| 182,000 |
Chile | Government of Chile | Tesoreria General De La República | 18,710,000 |
| 1,979,000 |
| 20,689,000 |
Chile | Municipality of Antofagasta | Tesorero Municipal De Antofagasta |
|
| 689,000 |
| 689,000 |
Chile | Municipality of De Las Condes | Tesorero Municipal De Las Condes |
|
| 849,000 |
| 849,000 |
Chile | Municipality of Santiago | llustre Municipalidad De Alhué |
|
| 668,000 |
| 668,000 |
Notes:
|
Report excludes Canadian Malartic Corporation (ESTMA ID: E702970) as the entity is reporting its payments independently.
All payments made in a foreign currency are reported into Canadian dollars using the average rate for the year. The average rates for the year used for the preparation of the report were as follows, CAD/local currency: CAD 0.01898:1 Argentinian Peso, CAD 0.26013:1 Brazilian Real, CAD 0.00169:1 Chilean Peso, CAD 1.52856:1 Euro, CAD 1.34119:1 USD.
| ||||||
SUMMARY TABLE SHOWING PAYMENTS MADE TO GOVERNMENTS BY PROJECT
DURING THE YEAR ENDED 31 DECEMBER 2020 IN CANADIAN DOLLARS ("CAD")
Country | Project Name | Taxes | Royalties | Fees | Infrastructure Improvement Payments | Total Amount paid by Project |
Argentina | Agua Rica Project(Minera Agua Rica LLC) |
|
| 9,696,000 |
| 9,696,000 |
Argentina | Cerro Moro Mine(Estelar Resources S.A.) | 5,952,000 | 8,518,000 |
| 513,000 | 14,983,000 |
Argentina | Regional Office Argentina(Yamana Argentina Servicios S.A.) | 133,000 |
| 101,000 |
| 234,000 |
Brazil | Jacobina Mine (Jacobina Mineração e Comércio Ltda.) | 43,752,000 |
| 133,000 |
| 43,885,000 |
Brazil | Regional Brazil Exploration (Yamana Desenvolvimento Mineral S.A.) |
|
| 515,000 |
| 515,000 |
Canada | Monument Bay Project (Yamana Gold Ontario Inc.) |
|
| 184,000 |
| 184,000 |
Chile | El Péñon Mine (Minera Meridian Ltda.) | 16,783,000 |
| 2,282,000 |
| 19,065,000 |
Chile | Jerónimo Project (Agua de la Falda S.A.) |
|
| 298,000 |
| 298,000 |
Chile | Minera Florida Mine (Minera Florida Ltda.) | 844,000 |
| 806,000 |
| 1,650,000 |
Chile | Regional Office Chile (Yamana Chile Servicios SPA) | 1,012,000 |
| 837,000 |
| 1,849,000 |
USA | Beartrack (Meridian Beartrack Co.) |
|
| 109,000 |
| 109,000 |
Notes: |
Report excludes Canadian Malartic Corporation (ESTMA ID: E702970) as the entity is reporting its payments independently.
All payments made in a foreign currency are reported into Canadian dollars using the average rate for the year. The average rates for the year used for the preparation of the report were as follows, CAD/local currency: CAD 0.01898:1 Argentinian Peso, CAD 0.26013:1 Brazilian Real, CAD 0.00169:1 Chilean Peso, CAD 1.52856:1 Euro, CAD 1.34119:1 USD.
| |||||
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