Yamana Declares Second Quarterly Dividend at New 100% Increased Level

Press Release

TORONTO, Oct. 24, 2019 — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) declares a fourth quarter dividend of $0.01 per share (annual $0.04 per share). Shareholders of record at the close of business on December 31, 2019, will be entitled to receive payment of this dividend on January 14, 2020. The dividend is an “eligible dividend” for Canadian tax purposes.

The dividend reflects the level increased in the third quarter, which was a 100% increase over the previous level. Yamana will continue to evaluate its dividend policy as it increases free cash flow and cash balances with the potential for further increases to its dividend.

Yamana has a more than thirteen-year track record of having paid a dividend, having first declared a dividend in late 2006, which was just over three years after the inception of the Company and as its first phase of mine development was completed, which led to the generation of steady and increasing cash flow.

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 and Corporate Communications
416-815-0220
1-888-809-0925
Email: investor@yamana.com

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