Minera Florida Site Visit

June 1, 2017
 Cautionary Note Regarding Forward-Looking Statements

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This presentation contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Except for statements of historical fact relating to the Company, information contained herein constitutes forward-looking statements, including any information as to the
Company’s strategy, plans or future financial or operating performance, the outcome of the legal matters involving the damages assessment and any related enforcement proceedings. Forward-looking statements are
characterized by words such as “plan,” “expect”, “budget”, “target”, “project”, “intend,” “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will”
occur. Forward looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks
and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward looking statements. These factors include the Company’s
expectations in connection with the expected production and exploration, development and expansion plans at the Company’s projects discussed herein being met, the impact of proposed optimizations at the
Company’s projects, the impact of the proposed new mining law in Brazil and the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values
of assets and liabilities based on projected future conditions, fluctuating metal prices (such as gold, copper, silver and zinc), currency exchange rates (such as the Brazilian Real, the Chilean Peso, and the Argentine
Peso versus the United States Dollar), the impact of inflation, possible variations in ore grade or recovery rates, changes in the Company’s hedging program, changes in accounting policies, changes in mineral
resources and mineral reserves, risk related to non-core asset dispositions, risks related to metal purchase agreements, risks related to acquisitions, changes in project parameters as plans continue to be refined,
changes in project development, construction, production and commissioning time frames, risk related to joint venture operations, the possibility of project cost overruns or unanticipated costs and expenses, higher
prices for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected
changes in mine life, final pricing for concentrate sales, unanticipated results of future studies, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of
exploration activities, permitting time lines, government regulation and the risk of government expropriation or nationalization of mining operations, environmental risks, unanticipated reclamation expenses, title
disputes or claims, limitations on insurance coverage and timing and possible outcome of pending litigation and labour disputes, as well as those risk factors discussed or referred to in the Company’s current and
annual Management’s Discussion and Analysis and the Annual Information Form filed with the securities regulatory authorities in all provinces of Canada and available at www.sedar.com, and the Company’s Annual
Report on Form 40-F filed with the United States Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-
looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking
statements if circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking
statements. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and results as at and
for the periods ended on the dates presented in the Company’s plans and objectives and may not be appropriate for other purposes.

CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED MINERAL RESOURCES This presentation uses the terms “Mineral Resource”, “Measured Mineral
Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are defined in and required to be disclosed by National Instrument 43-101. However, these terms are not defined terms under Industry Guide
7 and are not permitted to be used in reports and registration statements of United States companies filed with the Commission. Investors are cautioned not to assume that any part or all of the mineral deposits in
these categories will ever be converted into Mineral Reserves. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It
cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility
or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable. Disclosure of “contained ounces”
in a Mineral Resource is permitted disclosure under Canadian regulations. In contrast, the Commission only permits U.S. companies to report mineralization that does not constitute “Mineral Reserves” by Commission
standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this news release may not be comparable to similar information made public by U.S. companies
subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations of the Commission thereunder.

William Wulftange, P.Geo., Senior Vice President, Exploration for Yamana has reviewed and confirmed the scientific and technical information related to the Minera Florida properties contained within this
presentation and serves as the Qualified Person as defined in National Instrument 43-101. He has also reviewed and verified that the technical information related to these properties contained in this presentation is
accurate.

The Company has included certain non-GAAP financial measures, which the Company believes that together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate
the underlying performance of the Company. Non-GAAP financial measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by
other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The non-GAAP
financial measures included in this management discussion and analysis include: co-product cash costs per ounce of gold produced, co-product cash costs per ounce of silver produced, co-product cash costs per pound
of copper produced, all-in sustaining co-product costs per ounce of gold produced, all-in sustaining co-product costs per ounce of silver produced, all-in sustaining co-product costs per pound of copper produced,
adjusted earnings or loss, adjusted earnings or loss per share, adjusted operating cash flows, net debt, net free cash flow, and average realized price per ounce of gold sold, average realized price per ounce of silver
sold, average realized price per pound of copper sold. Please refer to section 124 of the Company’s first quarter MD&A filed on SEDAR for a detailed discussion of the usefulness of the non-GAAP measures. The terms
“EBITDA” and “EBITDA Margin” do not have a standardized meaning prescribed by IFRS, and therefore the Company’s definitions are unlikely to be comparable to similar measures presented by other companies. The
Company believes that in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors and analysts use this information to evaluate the Company’s performance. In
particular, management uses these measures for internal valuation for the period and to assist with planning and forecasting of future operations.

The information presented herein was approved by management of Yamana on May 30, 2017.
2
All amounts are expressed in United States dollars unless otherwise indicated.
Minera Florida
Agenda

Time Activity Host

8:00am General Presentation Carlos Pinto

8:45am Exploration Presentation William Wulftange

9:45am Change Room - Safety Gear Pamela Maldonado

10:00am Plant Victor Lungoci

10:45am Exploration Lookout and Core Cristian Calderón

11:30am Hornitos Tunnel Carlos Pinto

12:15pm Change Room Pamela Maldonado

12:30pm Bus Departure Maria Jose

1:15 pm Lunch - Ventisquero Maria Jose

2:30pm Depart to Santiago Maria Jose

4:00pm Arrival Airport Maria Jose

3
 Six Pillars Approach
 Improve our operations

 Advance development stage

projects
 Improve the balance sheet
and demonstrate financial
performance
 Make and advance
important exploration
discoveries
 Develop a pipeline
organically and through
strategic initiatives
 Rationalize and create value
from non-strategic assets

4
 Minera Florida
Management Team

General Manager
Carlos Pinto

Technical Services Operations

Project Manager
Manager Manager
Nelson Caneo
Carlos Bottinelli Luis Grogg

Finance HSEC
Superintendent HR
Superintendent Superintendent
Hipólito Ricardo González
Paillamán Juan Díaz

Engeneering Geology and

Exploration Mining Operations Plant Operation Mining
Superintendent Maintenance Plant Maintenance
Superintendent Superintendent Superintendent Superintendent
Leopoldo Bustos Superintendent
Cristián Calderón Rubén Monardez Víctor Lungoci Miguel Ojeda
Cristian Migueles

5
Minera Florida
General View

Alhue
Village
Mine

Hornitos
Plant Tunnel

Paste Tailings
Dam

Tailings Dam
united

6
Minera Florida
People

Mine

LTIFR

0.79
0.67
0.36 0.39 Headcount
Yamana Contractor Total
2013 2014 2015 2016 640 985 1,625 7
Minera Florida
Emergency Brigades

• 96 rescue brigade members

• Mine and Plant
• Monthly training
• Specialists in Fires, Spills and
Climatic Disasters
• 16 Firefighters from Alhue

8
Minera Florida
Community and Social Responsibility
• Open door policy
• Joint monitoring of environmental variables
• Support sports and culture in Alhue
• College Scholarships
• Infrastructure contributions with lasting impact in
the community
• Partnerships with local groups to provide
economical development: honey production,
biodiversity

9
 Minera Florida
2017 Key Performance Metrics
H1/H2 Production Trend
200
60
Production Metrics 50 150
2016A 2017E 40
53%
30 100
Tonnes Processed (000s) 1,662 1,400 47% 58%
20 42%
50
Grade – gold (g/t) 2.34 2.81 10
silver (g/t) 14.45 12.8
Recovery – gold 82% 83%
0 0
H1E H2E
silver 54% 57% Gold Silver
Production – gold (000 oz) 104 105
silver (000 oz) 429 330
$1,046/oz Au $1,040/oz Au
Cost of Sales(2) 2017 Cash Cost Breakdown*
$13.81/oz Ag $15.45/oz Ag
$735/oz Au $705/oz Au
Cash Cost(1,2) 9%
$9.90/oz Ag $10.60/oz Ag 1% 17%
$955/oz Au $935/oz Au 10%
AISC(3)
$12.73/oz Ag $13.90/oz Ag
Mine Cost/t Milled $21 $26
27%
Plant Cost/t Milled $26 $27
32%
G&A & Other/t Milled $2 $2 5%

Total Cost/t Milled $49 $55

Consumables Labour Maintenance Contractors
Power Fuel Other
10
* Excluding any contribution from zinc by-product credits
Minera Florida
Mine

Tribuna

Milenium

Peumo

Maqui

Mina Este

N-1100

N-990
Marisol

N-840
N-740
N-620
11
Minera Florida
Mining Method – Sub Level Stoping

12
Minera Florida
Mine Fleet

• Standard mining equipment (16 jumbos,

14 trucks, 8 LHD)

• Main mine ventilation is telemetrically

controlled

• The mine is equipped with emergency

alarm system, radio and data
communications systems

13
 Minera Florida
Process Flowsheets Q1 2017

PLC - Ore Feed - 82% to 84% Au Recovery

Crushing Grinding Flotation Leaching EW Dore

3,000 tpd 3,000 tpd

2.5 to 5.0 gpt Au P80 = 120 um Tailings Zinc Float

PTR – Tailings Feed - 50% to 60% Recovery

Repulping Grinding Leaching CIP Detox Zinc Float

2,800 tpd 2,800 tpd
0.5 to 1.5 gpt Au P80 = 70 um Tailings
Minera Florida
Processing Facilities (PLC-PTR)

Leaching Flotation Grinding Admin

Primary
Detox Crusher
EW

CIP ADR
Grinding
Fine
Filters Control Crushing
Leaching Room

Zinc
Flotation

Zinc conc.
storage

Process
Pond
15
 Minera Florida
Strategy and Initiatives
Mining Method and Productivity Optimization
• Improve selectivity and reduce waste output
Core Mine
Pataguas
• Increase efficiency with own fleet
Cucaracha
• Debottleneck mine access, providing new zones
through different access / roads
Tribuna
Face
Processing Optimization and Expansion
• Short term recovery improvement project to
increase overall recovery from 82-84% to 88-90%,
leaching fresh tails – Ongoing Recovery Test 120, 140 & 160 um

100
95
• Medium term process improvement to further
Recovery 90
increase recovery to 92-94% through whole ore
85
leaching and capacity increase to 4,000 tpd
80
revamping crushing, grinding and tailings circuits,
75
and adding a Merrill-Crowe plant – Basic 0.0 5.0 10.0 15.0
Engineering Stage Time (min)

120 um 140 um 160 um

16
 Minera Florida
Productivity Improvement

 Mining Method and Productivity Optimization

 Installing a Management System based on
Diagnostics by Partners in Performance
International (PIP) done in 2016
 Starting implementation of LEAN, following the
experience of El Peñón where we successfully
implemented it with McKinsey & Company
 Wave 1 : increase effective time, improving shifts
changes and blasting clearing, and shift progress
control (dispatch) and split blasting
 Fleet availability and reliability improvement
with enhancement of maintenance practices
including In line monitoring of LHD conditions
 Remote control of 4 main fans to improve energy
consumption
 Seismic monitoring of crown pillars

17
 Hornito Tunnel Project
Isometric Transport Routes

Core Mine

Ore Pass
Las Pataguas
Trend
Cucaracha
Trend

PORTAL

Mountain Haulage Road 6.7km

To Plant
18
 Minera Florida
Process Flowsheets – Short-Term Opportunity

Combined Plant – 88% to 90% Recovery:

Crushing Grinding Flotation Leaching EW Dore

2,500 tpd 2,500 tpd

2.5 – 5.0 gpt Au P80 120 um Zinc Float

Fresh Tail

Repulping Grinding Leaching CIP Detox Zinc Float

Stopped Stand-by
Tailings
 Minera Florida
Process Flowsheets – Short-Term Opportunity
• Increase grinding capacity from 72,000 tpm to 83,500 tpm through redesigning liners and discharge
• Fresh tails from flotation sent to PTR (leaching – CIP ) increasing global recovery for gold and
silver
• Increase zinc recovery 15%, but also change commercial terms to produce an enhanced
concentrate with payable lead content along with zinc

Recoveries Au,Ag,Zn
100.00%

90.00%

80.00%

70.00%
92.5%
60.00% 82.7% 82.6% 83.3%
78.5% 76.4%
67.6%
63.9%
50.00% 59.2%
52.9%
45.1% 48.6%
40.00%
Jan-17 Feb-17 Mar-17 Apr-17
Rec Au Rec Ag Rec Zn
 Minera Florida
Process Flowsheets – Medium-Term Opportunity Concept

Combined Plant – 92% to 94% Recovery:

Solution
Crushing Grinding Merrill-C
Dore
Grinding EW
4,000 tpd 4,000 tpd
2.5-5.0 for Au P80 120 um

Leaching Thickener CIP Detox Zinc Float

Tailings

Awarded Basic Engineering Contract

Minera Florida
Improvement Path

Strategic Target – 130 koz Au

- Increased Production
- Improve Cashflow
- Throughput Increase
- Lower Costs
- New Mining Zones - Increase Recoveries
- Mine Debottlenecking
- Mine Improvement
- Process Optimization
- Hornitos Tunnel

Exploration

 Focus on short term opportunities to increase value and explore – low risk; low cost
 Build flexibility and inventory of Mineral Reserves and Resources to support future
increased capacity
 Execute capital projects to deliver potential production increases and cost reductions
23
Minera Florida
History of Mining Activities

Year Activity

1739 Mining activity begins at Alhue

1767 Authorization granted to mine the Pedro Valencia
1791 Mining activities cease
1804 Mining activities recorded at Quillayes, Las Animas and Madrigera
1894 Cyanide treatment of ores tested at Alhue
1916 A small cyanide plant system constructed to treat historic tailings
1928 Most mining activity ceased, the Madrigera mine remained productive until 1943
1986 Chilean miners Sociedad Minera Las Cenizas and Sociedad Minera Maipo began to extract
ore from levels 1 and 2 at Lo Toro
‘86 to ’06 The Chilean companies produced from the Pedro Valencia, Maquis, Rafael and Milenium
mines until 2006
2006 Meridian Gold purchased the property under a Joint Venture arrangement
2007 Yamana acquires 100% of Meridian Gold

2016 Yamana acquires 100% of the Las Cenizas property to control 100% of the District

24
Minera Florida
Property Overview

• Yamana controls 18,350 hectares of mining and exploration concessions

surrounding Minera Florida. Only 5% of the concessions surrounding the
core mine have been explored to date

• Historic production is estimated to total over 1.4 million ounces of gold

prior to 2007. Yearly production since 2007 ranges between 100,000 and
150,000 ounces a year

• Production is currently sourced from over 154 veins found within the
underground mine complex

• YE 2016 P&P Mineral Reserves total 5,255,000 tonnes at 2.77 g/t Au

containing 468,000 gold ounces

25
Minera Florida
Property Concessions

• Yamana purchased all concessions within the

blue polygon in Q3 2016

• Yamana geologists have mapped, sampled and

developed many targets on the newly
acquired ground that await drill testing

• Yamana announced the discovery of the Las

Pataguas vein system in October, 2016
26
 Minera Florida
Exploration Drill Activity

80,000

70,000

60,000

50,000
Meters Drilled

40,000

30,000

20,000

10,000

0
1989-
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E
2004
Infill 0 0 0 0 24,249 12,959 13,215 11,591 16,275 23,946 15,032 18,617 13,259 25,000
Exploración 77,227 9,696 29,385 49,966 19,532 16,471 16,882 12,205 14,281 0 2,227 7,715 8,412 21,000

Total metres drilled: Annual average drilled:

425,615 metres 18,166 metres
27
Minera Florida
Mineral Resource Growth 1986-2004

AGUA FRIA FLORIDA

IRINA MILA

28
Minera Florida
Mineral Resource Growth 2005-2007

AGUA FRIA FLORIDA

IRINA MILA

29
Minera Florida
Mineral Resource Growth 2008-2010

AGUA FRIA FLORIDA

IRINA MILA

30
Minera Florida
Mineral Resource Growth 2011-2013

AGUA FRIA FLORIDA

IRINA MILA

31
Minera Florida
Mineral Resource Growth 2014-2016

AGUA FRIA FLORIDA

IRINA MILA

32
Minera Florida
Regional Geology

• Minera Florida is situated within the Coastal

Cordillera in the Metropolitan Region of
central Chile

• The area of the mine is underlain by Upper

Cretaceous volcanic and intrusive rocks

• Gold and Ag-Zn-Pb mineralization is found

within quartz veins and stockwork within
gently east dipping andesitic tuffs and other
volcaniclastic rocks

• Gold mineralization occurs as native gold

and electrum associated with sulphide
minerals, such as pyrite, chalcopyrite,
sphalerite and galena, as well as magnetite

33
Minera Florida
Local Geology

All Concessions now 100%

owned by Yamana

Concession Map
AGUA FRIA

MZ :IRINA, MILA, VOLGA

YAMANA

34
Minera Florida
Local Geology

35
Minera Florida
Simplified Mine Geology Cross Section

36
Minera Florida
2017 Budget

$10M; 47,000 metres

Goals:

1. Replace Mineral Reserves on a rolling 2 year basis

 Infill drilling of core mine veins to upgrade Inferred Mineral Resources

 Exploration drilling to develop newly acquired concessions from surface and
underground – Las Pataguas

2. Extend current mine life

 Explore outside of the core mine area on the newly acquired claims
 Explore for extensions in down dropped targets (Maqui)
 Develop new targets using mapping, sampling, geophysics and satellite
imagery-filled in the geology of the Volga concessions
 Drill test new corridors to expand Mineral Resource and Mineral Reserve base

37
Minera Florida
2017 Exploration and Infill

Sector Infill District Reserve

Agua Fria + Lorena 25,000
Potential 15,000

Phase 2

Phase 1

38
Minera Florida
2018E Budget $10M

Sector Infill District Reserve

Agua Fria + Lorena 25,000
Potential 25,000

2018 Targets

39
Minera Florida
2019E Budget $10M
Sector Infill District Reserve
Agua Fria + Lorena 30,000
Potential 20,000

2019 Targets

40
Minera Florida
Las Pataguas Corridor

41
Minera Florida
2016 Las Pataguas Results

42
Minera Florida
Q1 2017 Las Pataguas Results

43
Minera Florida
2016 Don Leopoldo Results

44
Minera Florida
2017 Don Leopoldo Results

45
Minera Florida
Cucaracha-Volga Corridor

46
Minera Florida
Structural Corridors

47
Minera Florida
Hornitos Tunnel

48
Minera Florida
Hornitos Tunnel Opportunities

49
Minera Florida
Strategy Summary

Strategic Target – 130 koz Au

- Increased Production
- Improve Cashflow
- Throughput Increase
- Lower Costs
- New Mining Zones - Increase Recoveries
- Mine Debottlenecking
- Mine Improvement
- Process Optimization
- Hornitos Tunnel

Exploration

 Focus on short term opportunities to increase value and explore – low risk; low cost
 Build flexibility and inventory of Mineral Reserves and Resources to support future
increased capacity
 Execute capital projects to deliver potential production increases and cost reductions
52
Minera Florida
Q1 2017 Operating Summary
Tonnes Recovery
Production Oz. Grade
Processed Rate
Gold 21,685 2.08 g/t 82.9%
391,101
Silver 62,362 10.02 g/t 49.5%

Cost of
Costs Cash Cost(1,2) AISC(3)
Sales(2)
Gold $1,342/oz $925/oz $1,195/oz

Silver $17.71/oz $12.85/oz $16.78/oz

 Ramp-up quarter after CBA process in December and transition to new mine
haulage contractor
 Completed short term process optimization to be realized during Q2
 Completed historic tailings reprocessing
 Continue advancement of Las Pataguas and other near mine exploration

53
Endnotes

1. A non-GAAP measure. The Company has included certain non-GAAP financial measures, which the Company believes that
together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the
underlying performance of the Company. Non-GAAP financial measures do not have any standardized meaning prescribed
under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data is
intended to provide additional information and should not be considered in isolation or as a substitute for measures of
performance prepared in accordance with IFRS. The non-GAAP financial measures included in this management discussion
and analysis include: co-product cash costs per ounce of gold produced, co-product cash costs per ounce of silver
produced, co-product cash costs per pound of copper produced, all-in sustaining co-product costs per ounce of gold
produced, all-in sustaining co-product costs per ounce of silver produced, all-in sustaining co-product costs per pound of
copper produced and net debt. Please refer to section 12 of the Company’s first quarter MD&A filed on SEDAR for a
detailed discussion of the usefulness of the non-GAAP measures.
2. Cost of sales per unit sold. Co-product cash costs per unit produced.
3. Includes cash costs, sustaining capital, site G&A expense, and exploration expense. Does not include stock-based
compensation.

54
 Proven and Probable Mineral Reserves
As of December 31, 2016
Proven Mineral Reserves Probable Mineral Reserves Total Proven & Probable
Gold
Note: Refer to the Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (g/t) oz. (000's) (000's) (g/t) oz. (000's) (000's) (g/t) oz. (000's)
Mineral Reserves Alumbrera (12.5%) 5,000 0.39 63 525 0.36 6 5,525 0.39 69
and Mineral Canadian Malartic (50%) 25,560 0.95 785 76,274 1.13 2,764 101,834 1.08 3,548
Cerro Moro - - - 1,954 11.38 715 1,954 11.38 715
Resources table Chapada 300,273 0.19 1,809 318,064 0.22 2,273 618,336 0.21 4,081
available at El Peñón
Gualcamayo
484
10,123
6.82
1.22
106
398
6,032
8,093
4.88
1.37
946
355
6,516
18,216
5.02
1.29
1,053
754
www.yamana.com Jacobina 2,335 2.04 154 18,256 2.95 1,731 20,592 2.85 1,885
for further detail Jeronimo (57%)
Minera Florida Ore
6,350
845
3.91
3.66
798
99
2,331
2,936
3.79
3.44
284
324
8,681
3,781
3.88
3.49
1,082
424
on Mineral Reserves Minera Florida Tailings 1,474 0.94 44 - - - 1,474 0.94 44
Total Minera Florida 2,319 1.93 144 2,936 3.44 324 5,255 2.77 468
and Resources Upper Beaver (50%) - - - 3,996 5.43 698 3,996 5.43 698
discussed in this Yamana Gold Mineral Reserves 352,444 0.38 4,256 438,461 0.72 10,096 790,906 0.56 14,353
Brio Gold Mineral Reserves (84.6%) 24,603 1.65 1,304 26,643 1.20 1,024 51,246 1.41 2,327
presentation. Total Gold Mineral Reserves 377,048 0.46 5,560 465,104 0.74 11,120 842,152 0.62 16,680
Agua Rica 384,871 0.25 3,080 524,055 0.21 3,479 908,926 0.22 6,559

Silver
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (g/t) oz. (000's) (000's) (g/t) oz. (000's) (000's) (g/t) oz. (000's)
Cerro Moro - - - 1,954 648.3 40,723 1,954 648.2 40,723
El Peñón 484 154.2 2,400 6,032 173.8 33,709 6,516 172.4 36,109
Minera Florida Ore 845 23.4 636 2,936 23.1 2,178 3,781 23.1 2,813
Minera Florida Tailings 1,474 13.6 645 - - - 1,474 13.6 645
Total Minera Florida 2,319 17.2 1,281 2,936 23.1 2,178 5,255 20.5 3,458
Total Silver Mineral Reserves 2,803 40.8 3,681 10,922 218.2 76,609 13,725 182.0 80,290
Agua Rica 384,871 3.7 46,176 524,055 3.3 56,070 908,926 3.5 102,246

Copper
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (%) lbs (mm) (000's) (%) lbs (mm) (000's) (%) lbs (mm)
Alumbrera (12.5%) 5,000 0.24 26 525 0.17 2 5,525 0.23 28
Chapada 300,273 0.26 1,745 259,194 0.26 1,503 559,466 0.26 3,248
Upper Beaver (50%) - - - 3,996 0.25 22 3,996 0.25 22
Total Copper Mineral Reserves 305,273 0.26 1,771 263,715 0.26 1,527 568,987 0.26 3,298
Agua Rica 384,871 0.56 4,779 524,055 0.43 5,011 908,926 0.49 9,790

Zinc
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (%) lbs (mm) (000's) (%) lbs (mm) (000's) (%) lbs (mm)
Minera Florida 2,319 1.27 65 2,936 1.09 71 5,255 1.17 136
Total Zinc Mineral Reserves 2,319 1.27 65 2,936 1.09 71 5,255 1.17 136

Molybdenum
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (%) lbs (mm) (000's) (%) lbs (mm) (000's) (%) lbs (mm)
Alumbrera (12.5%) 5,000 0.004 0.39 525 0.001 0.01 5,525 0.003 0.40
Total Moly Mineral Reserves 5,000 0.004 0.39 525 0.001 0.01 5,525 0.003 0.40 55
Agua Rica 384,871 0.033 279 524,055 0.030 350 908,926 0.031 629
 Measured and Indicated Mineral Resources
As of December 31, 2016
Measured Mineral Resources Indicated Mineral Resources Total Measured & Indicated
Gold
Note: Refer to the Tonnes
(000's)
Grade
(g/t)
Contained
oz. (000's)
Tonnes
(000's)
Grade
(g/t)
Contained
oz. (000's)
Tonnes
(000's)
Grade
(g/t)
Contained
oz. (000's)
Mineral Reserves Alumbrera (12.5%) 5,000 0.28 46 350 0.21 2 5,350 0.28 48
Amalgamated Kirkland (50%) - - - 634 6.51 133 634 6.51 133
and Mineral Anoki-McBean (50%) - - - 934 5.33 160 934 5.33 160

Resources table Arco Sul

Canadian Malartic (50%)
-
2,001
-
1.34
-
86
-
11,121
-
1.56
-
559
-
13,122
-
1.53
-
644
available at Cerro Moro
Chapada
-
28,094
-
0.18
-
162
3,321
186,816
2.23
0.29
238
1,727
3,321
214,911
2.23
0.27
238
1,889
www.yamana.com El Peñón 557 9.83 176 2,645 5.32 452 3,202 6.10 628
Gualcamayo 15,933 1.63 836 30,628 2.01 1,979 46,561 1.88 2,815
for further detail Hammond Reef (50%) 82,831 0.70 1,862 21,377 0.57 388 104,208 0.67 2,251

on Mineral Reserves Jacobina

Jeronimo (57%)
13,953
772
2.28
3.77
1,021
94
19,508
385
2.58
3.69
1,616
46
33,461
1,157
2.45
3.74
2,637
139
and Resources La Pepa
Lavra Velha
15,750
-
0.61
-
308
-
133,682
-
0.57
-
2,452
-
149,432
-
0.57
-
2,760
-
discussed in this Minera Florida 1,320 6.07 258 3,992 5.07 651 5,312 5.32 909
Monument Bay - - - 36,581 1.52 1,787 36,581 1.52 1,787
presentation. Suyai - - - 4,700 15.00 2,286 4,700 15.00 2,286
Upper Beaver (50%) - - - 1,818 3.45 202 1,818 3.45 202
Yamana Gold Mineral Resources 166,211 0.91 4,849 458,492 1.00 14,678 624,704 0.97 19,526
Brio Gold Mineral Resources (84.6%) 6,644 2.32 495 18,766 1.89 1,138 25,410 2.00 1,633
Total Gold Mineral Resources 172,855 0.96 5,344 477,258 1.03 15,816 650,114 1.01 21,159
Agua Rica 27,081 0.14 120 173,917 0.14 776 200,998 0.14 896

Silver
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (g/t) oz. (000's) (000's) (g/t) oz. (000's) (000's) (g/t) oz. (000's)
Cerro Moro - - - 3,321 190.3 20,313 3,321 190.3 20,313
Chapada - - - 82,161 1.4 3,775 82,161 1.4 3,775
El Peñón 557 246.6 4,415 2,645 200.7 17,068 3,202 208.7 21,484
Minera Florida 1,320 42.5 1,806 3,992 28.9 3,704 5,312 32.3 5,510
Suyai - - - 4,700 23.0 3,523 4,700 23.0 3,523
Total Silver Mineral Resources 1,877 103.1 6,221 96,819 15.5 48,384 98,696 17.2 54,604
Agua Rica 27,081 2.4 2,042 173,917 2.9 16,158 200,998 2.8 18,200

Copper
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (%) lbs (mm) (000's) (%) lbs (mm) (000's) (%) lbs (mm)
Alumbrera (12.5%) 5,000 0.28 31 350 0.23 2 5,350 0.28 33
Chapada 20,189 0.18 80 104,655 0.25 580 124,844 0.24 660
Upper Beaver (50%) - - - 1,818 0.14 6 1,818 0.14 6
Total Copper Mineral Resources 25,189 0.20 111 106,823 0.25 587 132,012 0.24 698
Agua Rica 27,081 0.45 266 173,917 0.38 1,447 200,998 0.39 1,713

Zinc
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (%) lbs (mm) (000's) (%) lbs (mm) (000's) (%) lbs (mm)
Minera Florida 1,320 2.31 67 3,992 1.62 143 5,312 1.79 210
Total Zinc Mineral Resources 1,320 2.31 67 3,992 1.62 143 5,312 1.79 210

Molybdenum
Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained
(000's) (%) lbs (mm) (000's) (%) lbs (mm) (000's) (%) lbs (mm)
Alumbrera (12.5%) 4,625 0.014 1.40 350 0.013 0.10 4,975 0.014 1.50
Total Moly Mineral Resources 4,625 0.014 1.40 350 0.013 0.10 4,975 0.014 1.50 56
Agua Rica 27,081 0.049 29 173,917 0.037 142 200,998 0.039 172
 Inferred Mineral Resources
As of December 31, 2016
Inferred Mineral Resources
Gold
Note: Refer to the Tonnes
(000's)
Grade
(g/t)
Contained
oz. (000's)
Mineral Reserves Alumbrera (12.5%)
Amalgamated Kirkland (50%)
500
1,187
0.27
5.32
4
203
and Mineral Anoki-McBean (50%) 1,263 4.70 191
Arco Sul 5,000 4.02 646
Resources table Canadian Malartic (50%) 14,942 1.93 929
available at Cerro Moro
Chapada
4,427
98,629
1.96
0.27
279
870
www.yamana.com El Peñón 6,372 6.90 1,413
Gualcamayo 26,204 1.97 1,656
for further detail Hammond Reef (50%) 251 0.72 6

on Mineral Reserves Jacobina

Jeronimo (57%)
15,350
1,118
3.14
4.49
1,549
161
and Resources La Pepa
Lavra Velha
37,900
3,934
0.50
4.29
620
543
discussed in this Minera Florida 5,882 5.35 1,012
Monument Bay 41,946 1.32 1,781
presentation. Suyai 900 9.90 274
Upper Beaver (50%) 4,344 5.07 708
Yamana Gold Mineral Resources 270,149 1.48 12,845
Brio Gold Mineral Resources (84.6%) 26,632 2.56 2,194
Total Gold Mineral Resources 296,781 1.58 15,039
Agua Rica 642,110 0.12 2,444

Silver
Tonnes Grade Contained
(000's) (g/t) oz. (000's)
Cerro Moro 4,427 101.3 14,415
Chapada 27,553 1.1 982
El Peñón 6,372 263.7 54,025
Minera Florida 5,882 30.2 5,704
Suyai 900 21.0 575
Total Silver Mineral Resources 45,134 52.2 75,701
Agua Rica 642,110 2.3 48,124

Copper
Tonnes Grade Contained
(000's) (%) lbs (mm)
Alumbrera (12.5%) 500 0.15 2
Chapada 71,076 0.33 514
Upper Beaver (50%) 4,344 0.20 19
Total Copper Mineral Resources 75,920 0.32 535
Agua Rica 642,110 0.34 4,853

Zinc
Tonnes Grade Contained
(000's) (%) lbs (mm)
Minera Florida 5,882 1.26 163
Total Zinc Mineral Resources 5,882 1.26 163

Molybdenum
Tonnes Grade Contained
(000's) (%) lbs (mm)
Alumbrera (12.5%) 125 0.014 0.04
Total Moly Mineral Resources 125 0.014 0.04 57
Agua Rica 642,110 0.034 480