Yamana Gold Snapshot
Yamana Gold does its business in South America. The company's operating and development-stage mines contain some 19 million ounces of proved and probable gold reserves and produce nearly 1 million ounces annually. It also mines for copper and silver. Yamana's mines are located in Argentina, Brazil, and Chile. Its gold production was about 300,000 ounces in 2006; it about doubled that the next year and then almost doubled that again in 2008. In 2009, it began production in the Gualcamayo mine in Argentina, which has an estimated 2.3 million ounces of gold reserves. The company targets annual production of more than 2 million ounces by 2012.