TORONTO, April 29, 2020 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) is pleased to announce that it has increased its annual dividend by a further 25% to $0.0625 per share, effective for the second quarter of 2020. Shareholders of record at the close of business on June 30, 2020, will be entitled to receive payment of this dividend on July 14, 2020. The dividend is an “eligible dividend” for Canadian tax purposes.

This is the third dividend increase announced by Yamana in the past year, for a cumulative total increase of 213%. These increases are part of a gradual and progressive approach to dividend increases, as the Company’s cash balances continue to grow from increasing free cash flow1 and successful and continuing initiatives to monetize its portfolio of non-producing assets and financial instruments.

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.