1. Timmy Meyer and Manu Narra

2.  Canadian based gold producer  Owns property in Argentina, Mexico, Chile, Brazil and Central America  Produces gold and other precious metals at an intermediate company production level  Has 4,468 employees  Produced over 1 million gold equivalent ounces in 2008 (289,574 in Q2, 2009)  10 th largest gold producer

3.  Sector: Basic Materials  Industry: Gold and Silver (mining)  A few major competitors: o Barrick Gold Corp. USA (ABX) o Goldcorp inc. (GG) o Kinross Gold Corp. USA (KGC)

4.  Barrick, the largest gold mining company, paid $5.6 billion this Q3 to pay off speculative gold sales it made in the past.  Kinross has lowered their estimates for gold production.  Yamana sets an industry low for the cost per ounce for the production of gold.

5.  Committed to responsible growth  Developed the Yamana Integrated Management System (SYG) – a philosophy to achieve the greatest health and safety, community relationship, environmental and operational practices.  By 2010 they plan to cut fossil fuel use, solid waste generation, fresh water consumption and power usage each by 10% from 2007.

6.  52 week: 3.49 - 12.76  Vol Avg.: 19.39M  Mkt cap: 7.93B  P/E: 18.12  Div/yield: 0.01/0.37  EPS: 0.60  Shares: 733.21M  Beta: 0.94  Inst. Own: 49%

7.  Rounded company that mines not only gold, but silver and copper too.  Well established in South and Central America with 6 core operations, 3 “other” operations and 5 development / exploration operations. Planning to maintain an outlook of at least 1.1 million gold equivalent ounces produced in 2010 and beyond  Upgraded to outperform by BMO capital

8.  It is a gold stock: o Has uses other than being a currency, such as jewelry and industrial applications. o It is a safe bet during political and economically uncertain times. o When the value of paper currencies goes down, the price of gold generally rises (inflation). o The price of gold has increased steadily.

9.  Buy at market price  Sell at the end of the quarter

10.  http://www.yamana.com/ http://www.yamana.com/  http://www.google.com/finance?q=NYSE:AUY http://www.google.com/finance?q=NYSE:AUY  http://www.hoovers.com/yamana-gold/--ID__119590--/free-co- competitors.xhtml http://www.hoovers.com/yamana-gold/--ID__119590--/free-co- competitors.xhtml  Many Articles from Christopher Barker on The Motley Fool, including:  http://msn.fool.com/investing/general/2009/11/02/the-titans-of- gold-strike- again.aspx?logvisit=y&source=eedmsnlnk0010001&published=20 09-11-02 http://msn.fool.com/investing/general/2009/11/02/the-titans-of- gold-strike- again.aspx?logvisit=y&source=eedmsnlnk0010001&published=20 09-11-02  http://www.fool.com/investing/general/2009/08/05/the-incredible- irony-of-paltry-gold-profits.aspx http://www.fool.com/investing/general/2009/08/05/the-incredible- irony-of-paltry-gold-profits.aspx  http://www.bloomberg.com/apps/news?pid=20601082&sid=a0Pd GVPnV8zc http://www.bloomberg.com/apps/news?pid=20601082&sid=a0Pd GVPnV8zc  http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66 &symbol=AUY&timestamp=20091103212600