FORM
6-K
UNITED
STATES
SECURITIES
AND EXCHANGE
COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the
month of March 2006
Commission
File Number 001-31880
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Yamana
Gold Inc.
(Translation
of registrant's name into English)
|
|
150
York Street
Suite
1902
Toronto,
Ontario M5H 3S5
(Address
of principal
executive offices)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
|
Form
20-F
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....[ ]..... | Form 40-F | ....[X].... |
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in
paper of a Form 6-K if submitted solely to provide an attached annual
report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ____
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in
paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the
laws of the jurisdiction in which the registrant is incorporated, domiciled
or
legally organized (the registrant’s “home country”), or under the rules of the
home country exchange on which the registrant’s securities are traded, as long
as the report or other document is not a press release, is not required to
be
and has not been distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.
Indicate
by check mark whether by furnishing the information contained in this Form,
the
registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes
|
....[ ].... |
No
|
....[X].... |
If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| YAMANA GOLD INC. | ||
| |
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| Date: March 31, 2006 | /s/ Charles Main | |
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Name: Charles Main |
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| Title: CFO | ||
 |
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NEWS
RELEASE
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Shareholders
of Desert Sun Mining Corp. Support Merger with Yamana Gold
Inc.
TORONTO,
Ontario, March 31, 2006 -
Yamana Gold Inc. (“Yamana”) (TSX:YRI;
AMEX:AUY; LSE (AIM):YAU) and
Desert Sun Mining Corp. (“Desert Sun”) (TSX:
DSM, AMEX: DEZ)
today
announced that the shareholders of Desert Sun have overwhelmingly voted in
favour of the proposed arrangement between Yamana and Desert Sun relating
to the
purchase by Yamana of Desert Sun. The arrangement will be effective on April
5,
2006, subject to the receipt of final court approval expected on April 4,
2006.
As
part of the business combination, the board of directors of Yamana will be
comprised of Messrs. Peter Marrone, Victor Bradley, Patrick Mars, Juvenal
Mesquita Filho, Antenor Silva, Nigel Lees, Dino Titaro, Stan Bharti and Bruce
Humphrey. To facilitate the transaction and to accommodate the addition,
of new
directors, Mr. James Askew has stepped down from the board of directors
effective March 31, 2006. Yamana would like to thank Jim for his contributions
to the Company over the last 3 years.
About
Yamana
Yamana
is
a Canadian gold producer with significant gold production, gold and copper-gold
development stage properties, exploration properties, and land positions
in all
major mineral areas in Brazil. With the acquisition of Desert Sun, Yamana
also
owns the Jacobina Mine. Yamana expects to produce gold at intermediate company
production levels in 2006 in addition to significant copper production by
2007.
Company management plans to continue to build on this base through the
advancement of its exploration properties and by targeting other gold
consolidation opportunities in Brazil and elsewhere in Latin
America.
Cautionary
Statements
This
news release contains “forward-looking statements”, within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and similar
Canadian legislation, concerning the business, operations and financial
performance and condition of each of Yamana and Desert Sun. Forward-looking
statements include, but are not limited to, statements with respect to estimated
production, synergies and financial impact of the proposed transaction; the
benefits of the proposed transaction and the development potential of Yamana’s
and Desert Sun’s properties; the future price of gold and copper; the estimation
of mineral reserves and resources; the realization of mineral reserve estimates;
the timing and amount of estimated future production; costs of production;
capital expenditures; success of exploration activities; permitting time
lines
and permitting, mining or processing issues; currency exchange rate
fluctuations; government regulation of mining operations; environmental risks;
unanticipated reclamation expenses; title disputes or claims; and limitations
on
insurance coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as “plans”, “expects”
or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain actions, events
or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made, and they are subject
to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Yamana
and
Desert Sun to be materially different from those expressed or implied by
such
forward-looking statements, including but not limited to risks related to:
unexpected events during construction, expansion and start-up; variations
in ore
grade, tones mined, crushed or milled; variations in relative amounts of
refractory, non-refractory and transition ores; delay or failure to receive
board or government approvals; timing and availability of external financing
on
acceptable terms; the businesses of Yamana and Desert Sun not being integrated
successfully or such integration proving more difficult, time consuming or
costly than expected; not realizing on the anticipated benefits from the
Yamana/Desert Sun transaction or not realizing on such anticipated benefits
within the expected time frame; risks related to international operations;
actual results of current exploration activities; actual results of current
reclamation activities; conclusions of economic valuations; changes in project
parameters as plans continue to be refined; future prices of gold and copper;
possible variations in ore reserves, grade or recovery rates; failure of
plant,
equipment or processes to operate as anticipated; accidents, labour disputes
and
other risks of the mining industry; delays in the completion of development
or
construction activities, as well as those factors discussed in or referred
to in
the current annual Management’s Discussion and Analysis and current Annual
Information Form of each of Yamana and Desert Sun filed with the securities
regulatory authorities in Canada and available at www.sedar.com, and
Yamana’s
Form 40-F filed with the United States Securities and Exchange Commission.
Although management of each of Yamana and Desert Sun has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors
that
cause results not to be as anticipated, estimated or intended. There can
be no
assurance that such statements will prove to be accurate, as actual results
and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Neither Yamana nor Desert Sun undertakes to update any
forward-looking statements that are incorporated by reference herein, except
in
accordance with applicable securities laws.
For
further information please contact:
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Yamana
Gold Inc.
Peter
Marrone
President
and Chief Executive Officer
+1
416 815 0220
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Desert
Sun Mining Corp.
Bruce
Humphrey
President
and Chief Executive Officer
+1
416 861 0341
|