14 July 2022
Yamana Gold Inc.
Report on Payments to Governments for the twelve months ended 31 December 2021
This report sets out details of the payments made to governments by Yamana Gold Inc. (the "Company") for the year ended 31 December 2021 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 2021, 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 2021 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 |
Federal Administration of Public Revenue |
219,000 |
|
|
|
219,000 |
|
Argentina |
Province of Catamarca |
Provincial Administrative General of Catamarca |
2,031,000 |
|
|
|
2,031,000 |
|
Argentina |
Province of Catamarca |
Various |
|
|
|
316,000 |
316,000 |
|
Argentina |
Province of Catamarca |
Provincial Treasury General of Catamarca |
|
|
128,000 |
|
128,000 |
|
Argentina |
Province of Catamarca |
Yacimientos Mineros de Agua de Dionisio |
|
|
5,901,000 |
|
5,901,000 |
|
Argentina |
Province of Santa Cruz |
Provincial Directorate of Roads |
|
|
|
210,000 |
210,000 |
|
Argentina |
Province of Santa Cruz |
Unirse Project Trust |
5,097,000 |
|
|
|
5,097,000 |
|
Argentina |
Province of Santa Cruz |
Ministry of Economy and Public Works of Santa Cruz |
|
9,060,000 |
|
|
9,060,000 |
|
Argentina |
Province of Santa Cruz |
Ministry of Production |
|
|
109,000 |
|
109,000 |
|
Brazil |
Government of Brazil |
National Mining Agency |
6,073,000 |
|
523,000 |
|
6,596,000 |
|
Brazil |
Government of Brazil |
Secretary of Federal Revenue |
34,945,000 |
|
307,000 |
|
35,252,000 |
|
Brazil |
Municipality of Bahia |
Daniela Santos Serviços Eireli |
|
|
|
258,000 |
258,000 |
|
Canada |
Government of Canada |
Receiver General for Canada |
3,837,000 |
|
|
|
3,837,000 |
|
Canada |
Red Sucker Lake First Nations |
Various |
|
|
240,000 |
|
240,000 |
|
Chile |
Government of Chile |
General Treasury of the Republic |
78,711,000 |
|
2,453,000 |
|
81,164,000 |
|
Chile |
Municipality of Antofagasta |
Municipal Treasurer of Antofagasta |
|
|
734,000 |
|
734,000 |
|
Chile |
Municipality of De Las Condes |
Municipal Treasurer of Las Condes |
|
|
864,000 |
|
864,000 |
|
Chile |
Municipality of Alhue |
Illustrious Municipality of Alhue |
|
|
750,000 |
|
750,000 |
|
Netherlands |
Government of Netherlands |
Tax and Customs Administration |
102,000 |
|
|
|
102,000 |
|
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 0.01318:1 Argentinian Peso, CAD 0.23238:1 Brazilian Real, CAD 0.00165:1 Chilean Peso, CAD 1.48271:1 Euro, CAD 1.25371:1 USD. |
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SUMMARY TABLE SHOWING PAYMENTS MADE TO GOVERNMENTS BY PROJECT
DURING THE YEAR ENDED 31 DECEMBER 2021 IN CANADIAN DOLLARS ("CAD")
|
Country |
Project Name |
Taxes |
Royalties |
Fees |
Infrastructure Improvement Payments |
Total Amount paid by Project |
|
Argentina |
MARA Project (Minera Agua Rica Alumbrera Ltd.) |
2,074,000 |
|
5,962,000 |
316,000 |
8,352,000 |
|
Argentina |
Cerro Moro Mine (Estelar Resources S.A.) |
5,114,000 |
9,060,000 |
137,000 |
210,000 |
14,521,000 |
|
Argentina |
Minera Organullo S.A.U. |
154,000 |
|
|
|
154,000 |
|
Brazil |
Jacobina Mine (Jacobina Mineração e Comércio Ltda.) |
41,072,000 |
|
280,000 |
258,000 |
41,610,000 |
|
Brazil |
Regional Brazil Exploration (Yamana Desenvolvimento Mineral S.A.) |
|
|
571,000 |
316,000 |
571,000 |
|
Canada |
Minera Yamana Inc. |
3,837,000 |
|
|
|
3,837,000 |
|
Canada |
Monument Bay Project (Yamana Gold Ontario Inc.) |
|
|
281,000 |
|
281,000 |
|
Chile |
El Péñon Mine (Minera Meridian Ltda.) |
76,614,000 |
|
2,688,000 |
|
79,302,000 |
|
Chile |
Jerónimo Project (Agua de la Falda S.A.) |
|
|
322,000 |
|
322,000 |
|
Chile |
Minera Florida Mine (Minera Florida Ltda.) |
934,000 |
|
996,000 |
|
1,930,000 |
|
Chile |
Regional Office Chile (Yamana Chile Servicios SPA) |
1,152,000 |
|
816,000 |
|
1,968,000 |
|
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 0.01318:1 Argentinian Peso, CAD 0.23238:1 Brazilian Real, CAD 0.00165:1 Chilean Peso, CAD 1.48271:1 Euro, CAD 1.25371:1 USD.
|
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