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            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:86.4%'><font size=1>&nbsp;</font></p> </td> </tr></table>
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<FONT FACE="Times New Roman, Times, Serif" SIZE="1"><B>As filed with the Securities and Exchange Commission on December 13, 2007</B> </FONT></TD>
<TD WIDTH=40% align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="1"><B>
File No. 333-</B> </FONT> </TD>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>WASHINGTON, D.C. 20549</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>FORM S-8</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>REGISTRATION STATEMENT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>UNDER THE SECURITIES ACT OF 1933</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height:85.83334%;'><B><font SIZE=2>YAMANA GOLD INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height:85.83334%;'><font size=2>(Exact name of Registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height:85.83334%;'><font size=1>&nbsp;</font></p>

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<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Canada<BR>
</B>(State or other jurisdiction of incorporation or organization) </FONT></TD>
<TD WIDTH=50% align=center>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>N/A<BR>
</B>(I.R.S. Employer Identification No.) </FONT>
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<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>150 York Street, Suite 1102<BR>
Toronto, Ontario M5H 3S5<BR>
</B>(Address of Principal Executive Offices) </FONT> </P>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Meridian Gold Inc. 2007 Share Incentive Plan</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Northern Orion Resources Inc. 2005 Stock Option Plan</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:3pt;text-align:center;line-height:80%;'><font size=2>(Full titles of the plans)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height:80%;'><font size=1>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>DL Services Inc.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2> 1420 5<sup>th</sup> Avenue, Suite 3400</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2> Seattle, WA 98101; Telephone: (206) 903-2373</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height:80%;'><font size=2>(Telephone number, including area code, of agent for service)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height:80%;'><B><font SIZE=2>CALCULATION OF REGISTRATION FEE</font></B></p>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table align=center border="0" cellspacing=0 cellpadding=0 width="662" style=' margin-left:2.15pt;border-collapse:collapse; '>
    <tr>
        <td width="159" valign=top style='border-top:solid black .75pt; border-left:none;border-bottom:solid black .75pt;border-right:none; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Title of Each Class of</font></b><br> <b><font size=1>Securities to be Registered<sup>(1)</sup></font></b></p> </td>
        <td width="90" valign=top style='border-top:solid black .75pt; border-left:none;border-bottom:solid black .75pt;border-right:none; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><b><font size=1>Amount to</font></b><br> <b><font size=1>be Registered</font></b></p> </td>
        <td width="142" valign=top style='border-top:solid black .75pt; border-left:none;border-bottom:solid black .75pt;border-right:none; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><b><font size=1>Proposed Maximum </font></b><br> <b><font size=1>Offering Price Per Share</font></b></p> </td>
        <td width="148" valign=top style='border-top:solid black .75pt; border-left:none;border-bottom:solid black .75pt;border-right:none; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><b><font size=1>Proposed Maximum </font></b><br> <b><font size=1>Aggregate Offering Price</font></b></p> </td>
        <td width="122" valign=top style='border-top:solid black .75pt; border-left:none;border-bottom:solid black .75pt;border-right:none; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><b><font size=1>Amount of <BR>Registration Fee</font></b></p> </td> </tr>
    <tr style='height:64.5pt'>
        <td width="159" valign=top style='padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 1.0pt'><font size=1>Common Shares issuable pursuant to options outstanding under the Meridian Plan</font></p> </td>
        <td width="90" valign=top style='padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>888,542</font></p> </td>
        <td width="142" valign=top style='padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>US$4.92<sup>(2) </sup></font>  </p> </td>
        <td width="148" valign=top style='padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>US$4,375,030.98</font></p> </td>
        <td width="122" valign=top style='padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>US$134.47</font>  </p> </td> </tr>
    <tr style='height:64.5pt'>
        <td width="159" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 1.0pt'><font size=1>Common Shares issuable pursuant to options outstanding under the Northern Orion Plan</font></p> </td>
        <td width="90" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>6,570,090</font></p> </td>
        <td width="142" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>US$7.50<sup>(3) </sup></font></p> </td>
        <td width="148" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>US$ 49,306,665.52</font></p> </td>
        <td width="122" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt;height:44.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><font size=1>US$1513.51</font></p> </td> </tr>
    <tr>
        <td width="159" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom: 1.0pt'><b><font size=1>Total Common Shares</font></b></p> </td>
        <td width="90" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><b><font size=1>7,458,632</font></b></p> </td>
        <td width="142" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><b><font size=1>---</font></b></p> </td>
        <td width="148" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><B><font size=1>US$53,681,696.50</font></B></p> </td>
        <td width="122" valign=top style='border-bottom:solid black .75pt; padding:0in 1.8pt 0in 1.8pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:1.0pt'><B><font size=1>US$1647.98</font></B></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>Common Shares, no par value, offered by the Company pursuant to the Plans described herein.</font></p> </td> </tr></table>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>Estimated solely for the purpose of calculating the registration fee in accordance with Rule&nbsp;457(c) and (h) under the Securities Act of 1933, as amended. The maximum aggregate offering price is based upon the aggregate exercise price of outstanding options.</font></p> </td> </tr></table>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>(3)</font></p> </td>
        <td  valign=top style='padding:0in 0in 8.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>Estimated solely for the purpose of calculating the registration fee in accordance with Rule&nbsp;457(c) and (h) under the Securities Act of 1933, as amended. The maximum aggregate offering price is based upon the aggregate exercise price of outstanding options. The exercise price was converted from Canadian dollars to U.S. dollars at the rate of  US$1.00 = Cdn$.988 based on the noon buying rate in The City of New York for cable transfers in Canadian dollars as certified for customs purposes by the Federal Reserve Bank of New York on December 6, 2007.</font></p> </td> </tr></table>



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            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:86.4%'><font size=1>&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>
<B><font SIZE=2>PART I.</font></B><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><B><font SIZE=2>INTRODUCTORY STATEMENT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>This registration statement on Form S-8 registers 7,458,632</font><font color="#0000FF"><font size=2> </font></font><font size=2>common shares of Yamana Gold Inc. (the &#147;Registrant&#148;) reserved for issuance upon the exercise of stock options granted under the Meridian Gold Inc. 2007 Share Incentive Plan (the &#147;Meridian Plan&#148;) and the Northern Orion Resources Inc. 2005 Stock Option Plan (the &#147;Northern Orion Plan&#148;) pursuant to acquisitions which honored the existing plans. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Pursuant to Rule 416(a) of the Securities Act of 1933, this registration statement also covers any additional securities that may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>PART II.</font></B><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><B><font SIZE=2>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></B></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 3. Incorporation of Documents by Reference.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The documents listed in (a) and (b) below are incorporated by reference in this registration statement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The   Registrant&#146;s   annual   report  on  Form  40-F  filed  on  March  30,
2007.</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act, since the date of the annual report incorporated by reference herein pursuant to (a) above.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of the Registrant&#146;s securities contained in the Registrant&#146;s amended Registration Statement on Form 8-A filed under the Exchange Act on January 8, 2007, and any amendment or report filed for the purpose of updating such description. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 4. Description of Securities.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Not Applicable</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 5. Interests of Named Experts and Counsel.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Not Applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 6. Indemnification of Directors and Officers.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Under the CANADA BUSINESS CORPORATIONS ACT (the &#147;CBCA&#148;), which governs Yamana Gold Inc. (the &#147;Registrant&#148;),  except in respect of an action by or on behalf of a corporation  or other entity to procure a judgment in its favor, a  corporation  may  indemnify a present or former  director or officer of such corporation  or a person  who acts or acted at the  corporation&#146;s  request as a director or officer or an individual acting in a similar  capacity,  of another entity,  against all costs,  charges and expenses,  including an amount paid to settle an action or satisfy a judgment,  reasonably incurred by such individual in respect  of any  civil,  criminal,  administrative,  investigative  or other proceeding in which he or she is involved  because of that association with the corporation  or other entity and provided that such  individual  acted honestly and in
good faith with a view to the best interests of the  corporation  or, as the case may be,  to the best  interests  of the  other  entity  for  which the individual  acted as  director  or  officer  or in a  similar  capacity  at the corporation&#146;s  request, and, in the case of a criminal or administrative action or proceeding that is enforced by a monetary  penalty,  had reasonable  grounds for believing that his conduct was lawful. Such  indemnification may be made in connection  with a derivative  action only with court  approval. A director or officer (or other individual as described above) is entitled to indemnification from the corporation as a matter of right in respect of all costs,  charges and expenses  reasonably incurred by such individual in connection with the defense of a civil,  criminal,  administrative,  investigative  or other  proceeding to which  he or  she is  made a  party  because  of  their  association  with  the corporation  or other entity if such
individual was </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>not judged by the court or other competent authority to have committed any fault or omitted to do anything that the  individual  ought to have done and has fulfilled the  conditions  set forth above.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>In  accordance  with and  subject  to the  CBCA,  the  by-laws  of the Registrant  provide that except in respect of any action by or on behalf of the Registrant to procure a judgment in its favor,  the  Registrant may indemnify a director  or officer of the  Registrant,  a former  director  or officer of the Registrant,  or a person  who acts or acted at the  Registrant&#146;s  request  as a director or officer of a body corporate,  or an individual  acting in a similar capacity, or another entity against all costs, charges and expenses,  including an amount paid to settle an action or satisfy a judgment,  reasonably  incurred by him in respect of any civil, criminal or administrative action or proceeding to which he is made a party by reason of his being or having been a director or officer of the  Registrant or such body  corporate,  if the director or officer (a) acted  honestly and
in good faith with a view of the best  interests of the Registrant,  and (b) in the case of a  criminal  or  administrative  action  or proceeding that is enforced by a monetary penalty,  had reasonable  grounds for believing  that his or her conduct was lawful. The Registrant has also entered into  indemnity  agreements  with its  directors  and  officers  which  provide substantially the same rights as provided for in the CBCA.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>The Registrant  maintains directors&#146; and officers&#146; liability insurance which insures the directors and officers of the Registrant and its subsidiaries against  certain  losses  resulting  from any wrongful  act  committed in their</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>official  capacities  for which  they  become  obligated  to pay to the  extent permitted by applicable law.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>Insofar as indemnification  for liabilities  arising under the Act may be permitted  to  directors,  officers or persons  controlling  the  Registrant pursuant to the foregoing provisions,  the Registrant has been informed that in</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>the opinion of the Commission such  indemnification is against public policy as expressed in the Act, and is herefore unenforceable.</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 7. Exemption from Registration Claimed.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Not Applicable</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 8. Exhibits.</font></b></p>


<table width="100%" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse; '>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><u><b><font size=2>Exhibit Number</font></b></u></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><u><b><font size=2>Exhibit</font></b></u></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:31.5pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>4.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Northern Orion Resources Inc. 2005 Stock Option Plan</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:31.5pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>4.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Meridian Gold Inc. 2007 Share Incentive Plan</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:31.5pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>5.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Opinion of Cassels Brock &amp; Blackwell LLP</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:26.25pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>23.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Consent of Deloitte &amp; Touche LLP, Independent Registered Chartered Accountants</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:26.25pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>23.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Consent of Cassels Brock &amp; Blackwell LLP (contained in its opinion filed as Exhibit 5.1)</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:26.25pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>24.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Power of Attorney (See page II-6 of this registration statement)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 9. Undertakings.</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="368" style=' border-collapse:collapse'>
    <tr>
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>
        <td width="272" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The undersigned Registrant hereby undertakes:</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.05in;text-align:justify;'><font size=2>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.54in;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To include  any  prospectus  required  by  Section  10(a)(3)  of the  Securities
Act; </font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.54in;text-align:justify;'><font size=2>
(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To   reflect  in
the  prospectus  any facts or events  arising  after the  effective  date of the
registration  statement (or the most recent  post-effective  amendment  thereof)
which,  individually or in the aggregate,  represent a fundamental change in the
information  set  forth  in  the  registration  statement.  Notwithstanding  the
foregoing,  any  increase or decrease  in volume of  securities  offered (if the
total  dollar  value of  securities  offered  would not  exceed  that  which was
registered) and any deviation from the low or high end of the estimated  maximum
offering  range  may be  reflected  in the  form of  prospectus  filed  with the
Commission pursuant </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>
<BR>


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<BR>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>
to Rule 424(b) if, in
the aggregate, the change in volume and price represents no more than 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration statement;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.54in;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><font size=2>provided, however,</font></i><font size=2> that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3, Form S-8, or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.05in;text-align:justify;'><font size=2>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </font><i><font size=2>bona fide </font></i><font size=2>offering thereof.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.05in;text-align:justify;'><font size=2>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </font><i><font size=2>bona fide </font></i><font size=2>offering thereof.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>
<b><font size=2>SIGNATURES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><u><font size=2>
The  Registrant</font></u><font  size=2>.  Pursuant to the  requirements  of the
Securities Act of 1933, the Registrant  certifies that it has reasonable grounds
to believe that it meets all of the  requirements for filing on Form S-8 and has
duly  caused  this  registration  statement  to be signed  on its  behalf by the
undersigned,  thereunto duly authorized, in Toronto, Ontario, on this 13th day of
December, 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="357" style=' border-collapse:collapse'>
    <tr>
        <td width="240" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="117" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT SIZE="2"><B>Yamana Gold Inc.</B> </FONT></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="504" style=' border-collapse:collapse'>
    <tr>
        <td width="323" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="181" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2.5in;text-align:justify;'><font size=2>
/s/ Charles Main</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2.5in;text-align:justify;'><font size=2>
______________________________________________</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2.5in;text-align:justify;'><font size=2>
Name: Charles B. Main</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2.5in;text-align:left;'><font size=2>Title: Senior Vice President Finance and Chief Financial Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>
<B><font SIZE=2>POWERS OF ATTORNEY</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.54in;text-align:justify;'><font size=2>Each person whose signature appears below constitutes and appoints Peter Marrone and Charles Main his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all said attorneys-in-fact and agents of them or their substitute or substitutes, may lawfully do or cause to be done by virtue thereof.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.57in;text-align:justify;'><font size=2>Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="648" style=' border-collapse:collapse'>
    <tr>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:6.0pt;line-height:101.52%'><u><b><font size=2>Signature</font></b></u></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:101.52%'><u><b><font size=2>Title</font></b></u><u></u></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:101.52%'><u><b><font size=2>Date</font></b></u></p> </td> </tr>
    <tr>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ Peter Marrone</font><BR>
____________________________<br> <font size=2>Peter Marrone</font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director, Chairman and Chief Executive Officer</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ Charles Main</font><BR>
____________________________<br> <font size=2>Charles Main</font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Senior Vice President Finance and Chief Financial Officer</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br><font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ Antenor Silva </font><BR>
____________________________<br> <font size=2>Antenor Silva </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director, President and Chief Operating Officer</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ Victor Bradley </font><BR>
____________________________<br> <font size=2>Victor Bradley </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director </font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ Juvenal Mesquita Filho </font><BR>
____________________________<br> <font size=2>Juvenal Mesquita Filho </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr style='height:45.0pt'>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ John Begeman </font><BR>
____________________________<br> <font size=2>John Begeman </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr style='height:45.0pt'>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>
/s/ C. Nigel Lees </font><BR>
____________________________<br> <font size=2>C. Nigel Lees </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr style='height:45.0pt'>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ Dino Titaro </font><BR>
____________________________<br> <font size=2>Dino Titaro </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr style='height:45.0pt'>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2> /s/ Patrick Mars </font><BR>
____________________________<br> <font size=2>Patrick Mars </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr style='height:45.0pt'>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>/s/ Robert A. Horn</font><BR>
____________________________<br> <font size=2>Robert A. Horn </font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2> </font><font size=2>December 13, 2007</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



<table border="0" cellspacing=0 cellpadding=0 width="648" style=' border-collapse:collapse'>
    <tr style='height:45.0pt'>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br><font size=2>
/s/ Richard P. Graff<BR>
____________________________<BR>
</font><br> <font size=2>Richard P. Graff</font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr>
    <tr style='height:45.0pt'>
        <td width="235" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br>
<font size=2>
/s/ Carl L. Renzoni<BR>
____________________________<BR></font><br> <font size=2>Carl L. Renzoni</font></p> </td>
        <td width="288" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>Director</font></p> </td>
        <td width="125" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:45.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt;line-height:101.52%'><br> <font size=2>&nbsp;December 13, 2007</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:center;'>
<B><font SIZE=2>AUTHORIZED REPRESENTATIVE </font></B></p>

<p style=' margin-bottom:5pt; margin-top:5pt; text-indent:0.29in;text-align:left;'><font size=2>
Pursuant to the  requirements  of  Section&nbsp;6(a)  of the Securities Act, the
undersigned has signed this  Registration  Statement,  solely in the capacity of
the duly authorized representative of Yamana Gold Inc. in the United&nbsp;States
on December 13,&nbsp;2007. </font></p>


<table border="0" cellspacing=0 cellpadding=0 width="626" >
    <tr>
        <td width="275" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>
<font size=2>/s/ John Begeman</font>
<HR size=1 width="100%" noshade color=BLACK align=center>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2><BR>
John Begeman</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXHIBIT INDEX</font></B></p>


<table width="100%" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse; '>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><u><b><font size=2>Exhibit Number</font></b></u></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><u><b><font size=2>Exhibit</font></b></u></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:31.5pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>4.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Meridian Gold Inc. 2007 Stock Option Plan</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:31.5pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>4.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Northern Orion Resources Inc. 2005 Stock Option Plan</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:31.5pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>5.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Opinion of Cassels Brock &amp; Blackwell LLP</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:26.25pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>23.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Consent of Deloitte &amp; Touche LLP, Independent Registered Chartered Accountants</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:26.25pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>23.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Consent of Cassels Brock &amp; Blackwell LLP (contained in its opinion filed as Exhibit 5.1)</font></p> </td> </tr>
    <tr>
        <td width="115" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:26.25pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>24.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:3.0pt'><font size=2>Power of Attorney (See page II-6 of this registration statement)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "secsgml_size_bytes": 62330}]
{"company-data": {"conformed-name": "YAMANA GOLD INC", "cik": "0001264089", "assigned-sic": "1040", "irs-number": "000000000", "state-of-incorporation": "A6", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-148048", "film-number": "071305011"}, "business-address": {"street1": "150 YORK ST", "street2": "STE 1902", "city": "TORONTO", "state": "A6", "zip": "M5H 3S5", "phone": "4168150220"}}
As filed with the Securities and Exchange Commission on December 13, 2007
File No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
YAMANA GOLD INC.
(Exact name of Registrant as specified in its charter)
Canada
(State or other jurisdiction of incorporation or organization)
N/A
(I.R.S. Employer Identification No.)
150 York Street, Suite 1102
Toronto, Ontario M5H 3S5
(Address of Principal Executive Offices)
Meridian Gold Inc. 2007 Share Incentive Plan
Northern Orion Resources Inc. 2005 Stock Option Plan
(Full titles of the plans)
DL Services Inc.
1420 5
th
Avenue, Suite 3400
Seattle, WA 98101; Telephone: (206) 903-2373
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
(1)
Amount to
be Registered
Proposed Maximum
Offering Price Per Share
Proposed Maximum
Aggregate Offering Price
Amount of
Registration Fee
Common Shares issuable pursuant to options outstanding under the Meridian Plan
888,542
US$4.92
(2)
US$4,375,030.98
US$134.47
Common Shares issuable pursuant to options outstanding under the Northern Orion Plan
6,570,090
US$7.50
(3)
US$ 49,306,665.52
US$1513.51
Total Common Shares
7,458,632
---
US$53,681,696.50
US$1647.98
(1)
Common Shares, no par value, offered by the Company pursuant to the Plans described herein.
(2)
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and (h) under the Securities Act of 1933, as amended. The maximum aggregate offering price is based upon the aggregate exercise price of outstanding options.
(3)
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and (h) under the Securities Act of 1933, as amended. The maximum aggregate offering price is based upon the aggregate exercise price of outstanding options. The exercise price was converted from Canadian dollars to U.S. dollars at the rate of  US$1.00 = Cdn$.988 based on the noon buying rate in The City of New York for cable transfers in Canadian dollars as certified for customs purposes by the Federal Reserve Bank of New York on December 6, 2007.
PART I.
INTRODUCTORY STATEMENT
This registration statement on Form S-8 registers 7,458,632
common shares of Yamana Gold Inc. (the "Registrant") reserved for issuance upon the exercise of stock options granted under the Meridian Gold Inc. 2007 Share Incentive Plan (the "Meridian Plan") and the Northern Orion Resources Inc. 2005 Stock Option Plan (the "Northern Orion Plan") pursuant to acquisitions which honored the existing plans.
Pursuant to Rule 416(a) of the Securities Act of 1933, this registration statement also covers any additional securities that may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.
PART II.
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The documents listed in (a) and (b) below are incorporated by reference in this registration statement.
(a)         
The   Registrant's   annual   report  on  Form  40-F  filed  on  March  30,
2007.
(b)         All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act, since the date of the annual report incorporated by reference herein pursuant to (a) above.
(c)          The description of the Registrant's securities contained in the Registrant's amended Registration Statement on Form 8-A filed under the Exchange Act on January 8, 2007, and any amendment or report filed for the purpose of updating such description.
All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.
Item 4. Description of Securities.
Not Applicable
Item 5. Interests of Named Experts and Counsel.
Not Applicable.
Item 6. Indemnification of Directors and Officers.
Under the CANADA BUSINESS CORPORATIONS ACT (the "CBCA"), which governs Yamana Gold Inc. (the "Registrant"),  except in respect of an action by or on behalf of a corporation  or other entity to procure a judgment in its favor, a  corporation  may  indemnify a present or former  director or officer of such corporation  or a person  who acts or acted at the  corporation's  request as a director or officer or an individual acting in a similar  capacity,  of another entity,  against all costs,  charges and expenses,  including an amount paid to settle an action or satisfy a judgment,  reasonably incurred by such individual in respect  of any  civil,  criminal,  administrative,  investigative  or other proceeding in which he or she is involved  because of that association with the corporation  or other entity and provided that such  individual  acted honestly and in
good faith with a view to the best interests of the  corporation  or, as the case may be,  to the best  interests  of the  other  entity  for  which the individual  acted as  director  or  officer  or in a  similar  capacity  at the corporation's  request, and, in the case of a criminal or administrative action or proceeding that is enforced by a monetary  penalty,  had reasonable  grounds for believing that his conduct was lawful. Such  indemnification may be made in connection  with a derivative  action only with court  approval. A director or officer (or other individual as described above) is entitled to indemnification from the corporation as a matter of right in respect of all costs,  charges and expenses  reasonably incurred by such individual in connection with the defense of a civil,  criminal,  administrative,  investigative  or other  proceeding to which  he or  she is  made a  party  because  of  their  association  with  the corporation  or other entity if such
individual was
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not judged by the court or other competent authority to have committed any fault or omitted to do anything that the  individual  ought to have done and has fulfilled the  conditions  set forth above.
In  accordance  with and  subject  to the  CBCA,  the  by-laws  of the Registrant  provide that except in respect of any action by or on behalf of the Registrant to procure a judgment in its favor,  the  Registrant may indemnify a director  or officer of the  Registrant,  a former  director  or officer of the Registrant,  or a person  who acts or acted at the  Registrant's  request  as a director or officer of a body corporate,  or an individual  acting in a similar capacity, or another entity against all costs, charges and expenses,  including an amount paid to settle an action or satisfy a judgment,  reasonably  incurred by him in respect of any civil, criminal or administrative action or proceeding to which he is made a party by reason of his being or having been a director or officer of the  Registrant or such body  corporate,  if the director or officer (a) acted  honestly and
in good faith with a view of the best  interests of the Registrant,  and (b) in the case of a  criminal  or  administrative  action  or proceeding that is enforced by a monetary penalty,  had reasonable  grounds for believing  that his or her conduct was lawful. The Registrant has also entered into  indemnity  agreements  with its  directors  and  officers  which  provide substantially the same rights as provided for in the CBCA.
The Registrant  maintains directors' and officers' liability insurance which insures the directors and officers of the Registrant and its subsidiaries against  certain  losses  resulting  from any wrongful  act  committed in their
official  capacities  for which  they  become  obligated  to pay to the  extent permitted by applicable law.
Insofar as indemnification  for liabilities  arising under the Act may be permitted  to  directors,  officers or persons  controlling  the  Registrant pursuant to the foregoing provisions,  the Registrant has been informed that in
the opinion of the Commission such  indemnification is against public policy as expressed in the Act, and is herefore unenforceable.
Item 7. Exemption from Registration Claimed.
Not Applicable
Item 8. Exhibits.
Exhibit Number
Exhibit
4.1
Northern Orion Resources Inc. 2005 Stock Option Plan
4.2
Meridian Gold Inc. 2007 Share Incentive Plan
5.1
Opinion of Cassels Brock & Blackwell LLP
23.1
Consent of Deloitte & Touche LLP, Independent Registered Chartered Accountants
23.2
Consent of Cassels Brock & Blackwell LLP (contained in its opinion filed as Exhibit 5.1)
24.1
Power of Attorney (See page II-6 of this registration statement)
Item 9. Undertakings.
(a)
The undersigned Registrant hereby undertakes:
(1)          To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)           
To include  any  prospectus  required  by  Section  10(a)(3)  of the  Securities
Act;
(ii)          To   reflect  in
the  prospectus  any facts or events  arising  after the  effective  date of the
registration  statement (or the most recent  post-effective  amendment  thereof)
which,  individually or in the aggregate,  represent a fundamental change in the
information  set  forth  in  the  registration  statement.  Notwithstanding  the
foregoing,  any  increase or decrease  in volume of  securities  offered (if the
total  dollar  value of  securities  offered  would not  exceed  that  which was
registered) and any deviation from the low or high end of the estimated  maximum
offering  range  may be  reflected  in the  form of  prospectus  filed  with the
Commission pursuant
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to Rule 424(b) if, in
the aggregate, the change in volume and price represents no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
(iii)         To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3, Form S-8, or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.
(2)          That for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3)          To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)         The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(h)         Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
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SIGNATURES
The  Registrant
.  Pursuant to the  requirements  of the
Securities Act of 1933, the Registrant  certifies that it has reasonable grounds
to believe that it meets all of the  requirements for filing on Form S-8 and has
duly  caused  this  registration  statement  to be signed  on its  behalf by the
undersigned,  thereunto duly authorized, in Toronto, Ontario, on this 13th day of
December, 2007.
Yamana Gold Inc.
/s/ Charles Main
______________________________________________
Name: Charles B. Main
Title: Senior Vice President Finance and Chief Financial Officer
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POWERS OF ATTORNEY
Each person whose signature appears below constitutes and appoints Peter Marrone and Charles Main his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all said attorneys-in-fact and agents of them or their substitute or substitutes, may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Signature
Title
Date
/s/ Peter Marrone
____________________________
Peter Marrone
Director, Chairman and Chief Executive Officer
December 13, 2007
/s/ Charles Main
____________________________
Charles Main
Senior Vice President Finance and Chief Financial Officer
December 13, 2007
/s/ Antenor Silva
____________________________
Antenor Silva
Director, President and Chief Operating Officer
December 13, 2007
/s/ Victor Bradley
____________________________
Victor Bradley
Director
December 13, 2007
/s/ Juvenal Mesquita Filho
____________________________
Juvenal Mesquita Filho
Director
December 13, 2007
/s/ John Begeman
____________________________
John Begeman
Director
December 13, 2007
/s/ C. Nigel Lees
____________________________
C. Nigel Lees
Director
December 13, 2007
/s/ Dino Titaro
____________________________
Dino Titaro
Director
December 13, 2007
/s/ Patrick Mars
____________________________
Patrick Mars
Director
December 13, 2007
/s/ Robert A. Horn
____________________________
Robert A. Horn
Director
December 13, 2007
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/s/ Richard P. Graff
____________________________
Richard P. Graff
Director
December 13, 2007
/s/ Carl L. Renzoni
____________________________
Carl L. Renzoni
Director
December 13, 2007
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AUTHORIZED REPRESENTATIVE
Pursuant to the  requirements  of  Section 6(a)  of the Securities Act, the
undersigned has signed this  Registration  Statement,  solely in the capacity of
the duly authorized representative of Yamana Gold Inc. in the United States
on December 13, 2007.
/s/ John Begeman
John Begeman
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EXHIBIT INDEX
Exhibit Number
Exhibit
4.1
Meridian Gold Inc. 2007 Stock Option Plan
4.2
Northern Orion Resources Inc. 2005 Stock Option Plan
5.1
Opinion of Cassels Brock & Blackwell LLP
23.1
Consent of Deloitte & Touche LLP, Independent Registered Chartered Accountants
23.2
Consent of Cassels Brock & Blackwell LLP (contained in its opinion filed as Exhibit 5.1)
24.1
Power of Attorney (See page II-6 of this registration statement)
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