Yamana Gold (AUY) Q2 2022 Earnings Call Transcript

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Yamana Gold (NYSE: AUY)
Q2 2022 Earnings Call
Jul 29, 2022, 9:00 a.m. ET

Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

Operator

Thank you all for joining us this morning. Before I turn the call over, I need to advise that certain statements made during this call today may contain forward-looking information and actual results could differ from the conclusions or projections in that forward-looking information, which include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the timing and amount of estimated future production, cost of production, capital expenditures, future metal prices and the cost and timing of the development of new projects. For a complete discussion of the risks, uncertainties and factors which may lead to actual financial results and performance being different from the estimates contained in the forward-looking statements, please refer to Yamana’s press release issued yesterday announcing second quarter 2022 results as well as the management’s discussion and analysis for the same period and other regulatory filings in Canada and the United States. I would like to remind everyone that this conference call is being recorded and will be available for replay today at 12:00 p.m.

Eastern Time. Replay information and the presentation slides accompanying this conference call and webcast are available on Yamana’s website at yamana.com. I will now turn the call over to Mr. Daniel Racine, the president and CEO.

Please go ahead, sir.

Daniel Racine — President and Chief Executive Officer

Thank you, operator. Thank you all for joining us and welcome to our second quarter 2022 conference call and webcast. Presenting with me today is Jason LeBlanc, our senior VP finance and chief financial officer. Peter Marrone, our executive chairman will also talk about the Gold Fields agreement.

The rest of senior management team is also available for the Q&A portion of the call. Peter is in transit returning from meetings with South African shareholders. So we hope his connection remain adequate throughout the call. The health and safety of our employees always come first.

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Our total recordable injury rate was point 0.81 for the first six months of 2022. And I would like to thank all our employees for remaining focused and committed to our safety values. Despite our excellent track record, this is something we are always working on improving and getting better at. The company continues to implement its class — of its climate action strategy during the quarter, including work on the analysis to support the conversion of approximately 50% of Cerro Moro’s electricity requirement from diesel to the wind power.

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