Yamana Gold Increases Dividend to $0.08

YAMANA GOLD INC. AUY today announced its financial and operating results for the second quarter ended June 30, 2010. In addition, Yamana announced that its Board of Directors approved an increase in the company's dividend to $0.08 per share on an annualized basis, or $0.02 per share per quarter. This represents a 33% increase over the prior quarterly dividend, and a 100% increase over the dividend level paid in 2009. This dividend will continue to be paid quarterly. The dividend increase will be in effect for the third quarter dividend, payable Thursday, October 14, 2010, to holders of record at the close of business on Thursday, September 30, 2010.