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As filed with the Securities and Exchange Commission on August 10, 2007</B> </FONT></TD>
     <TD WIDTH=15% ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE="2"><B>File No. 333-&nbsp;</B> </FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>SECURITIES AND EXCHANGE
COMMISSION<BR></B> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>WASHINGTON, D.C. 20549</B> </FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>FORM S-8<BR></B> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>REGISTRATION
STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</B> </FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>YAMANA GOLD INC.<BR></B> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(&#147;Yamana&#148;)</B> </FONT> </P>

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     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" 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" SIZE="2"><B>N/A<BR>
</B>(I.R.S. Employer Identification No.) </FONT></TD></TR>
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<P ALIGN=CENTER><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>


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<A NAME=A008></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>SHARE INCENTIVE PLAN<BR>
Yamana
Gold Inc. Amended Share Incentive Plan (the &#147;Yamana Plan&#148;)<BR>
RNC Gold Inc. Amended
and Restated Stock Option Plan (the &#147;RNC Plan&#148;)<BR>
Viceroy Explorations Ltd. 2005
Amended and Restated Stock Option and Share Compensation Plan (the &#147;Viceroy Plan&#148;)</B> </FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Full titles of the
plans)  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>DL Services Inc.<BR>
1420 5th Avenue, Suite 3400 <BR>
Seattle, WA 98101; Telephone: (206) 903-2373<BR>
(Telephone number, including area code, of agent for
service) </FONT></P>

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<A NAME=A011></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>CALCULATION OF
REGISTRATION FEE</B> </FONT> </P>

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     <TH><FONT FACE="Times New Roman" SIZE="1"> </FONT></TH>
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     <TD width=30% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="1">Title of Each Class of Securities to be Registered<SUP>(1)</SUP> </FONT> </TD>
     <TD width=20% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">Amount to be Registered </FONT></TD>
     <TD width=20% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">Proposed Maximum Offering Price Per Share </FONT></TD>
     <TD width=20% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">Proposed Maximum Aggregate Offering Price </FONT></TD>
     <TD width=10% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">Amount of Registration Fee </FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="1">Common Shares issuable pursuant to options outstanding under the Yamana Plan </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">8,995,792</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$8.83<SUP>(2)</SUP> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$79,432,843.36 </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$2,437.58</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="1">Yamana Common Shares reserved for issuance pursuant to the Yamana Plan </FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman" SIZE="1">5,779,875</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$11.28<SUP>(3)</SUP> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$65,196,990</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$2,001.64</FONT></TD></TR>
<TR VALIGN=middle>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="1">Yamana Common Shares issuable pursuant to options outstanding under the RNC Plan </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">64,600</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$7.12<SUP>(2)</SUP> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$459,952</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$15.35</FONT></TD></TR>
<TR VALIGN=middle>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="1">Yamana Common Shares issuable pursuant to options outstanding under the Viceroy Plan </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">1,635,270</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$5.26<SUP>(2)</SUP> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$9,604,431.33</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1">US$294.72</FONT></TD></TR>
<TR VALIGN=middle>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="1"><B>Total Common Shares</B> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><B>16,475,537</B> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><B>--</B> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><B>US$154,427,177.06</B> </FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><B>US$4,749.29</B> </FONT> </TD></TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(1)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Common
Shares, no par value, offered by the Company pursuant to the Plans           described
herein.  </FONT></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(2)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" 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></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(3)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=1>The
proposed maximum offering price per share and the registration fee were
          calculated in accordance with rule 457(c) and (h) based on the average high and
          low prices for the Registrant&#146;s common shares on July&nbsp;27, 2007, as quoted on the
          New York Stock Exchange, which was $11.28 per share.  </FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This registration statement on Form
S-8 registers 16,475,537 common shares of Yamana Gold Inc. (the &#147;Registrant&#148;)
reserved for issuance upon the exercise of stock options granted under the
Yamana Plan, the RNC Plan and the Viceroy Plan pursuant to
acquisitions which honored the existing plans. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Rule 416(a) of the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;), 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>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II. INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </FONT></H1>

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<A NAME=A013></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 3. Incorporation of Documents
by Reference. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The documents listed in (a) and (b)
below are incorporated by reference in this registration statement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Registrant&#146;s annual report on Form 40-F (File No. 001-31880) for the
fiscal year ended December 31, 2006, filed on March 30, 2007.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All other reports of the Registrant filed pursuant to Section 13(a) or 15(d) of the United States Securities
Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), since the
end of the fiscal year covered by the annual report incorporated by reference herein pursuant
to           (a) above.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&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 (File No. 001-31880) filed under the           Exchange Act on
January 8, 2007, and any amendment or report filed for the           purpose of updating
such description.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" 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.
Any statement contained in a document  incorporated or deemed to be incorporated
by  reference  herein  shall be  deemed to be  modified  or  superseded  for the
purposes of this registration statement to the extent that a statement contained
herein or in any other subsequently filed document which also is or is deemed to
be incorporated by reference  herein modifies or supersedes such statement.  Any
statement so modified or superseded  shall not be deemed,  except as so modified
or superseded, to constitute a part of this registration statement.</FONT></P>

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<A NAME=A014></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 4. Description of
Securities. </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Not Applicable </FONT></P>

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<A NAME=A016></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5. Interests of
Named Experts and Counsel. </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Mark Bennett, a partner of the law firm Cassels, Brock &amp; Blackwell LLP, Canadian
counsel to the  Registrant,  has 50,000 options to purchase  Common Shares.  Mr.&nbsp;
Bennett  received  these  options  in  connection  with  his  role as  Corporate
Secretary for the Registrant.</FONT></P>

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<A NAME=A018></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 6. Indemnification
of Directors and Officers. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 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>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-2 </FONT></P>





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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 official capacities for which they
become obligated to pay to the extent permitted by applicable law. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities 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 Securities Act, and is herefore unenforceable. </FONT></P>

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<A NAME=A019></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7. Exemption from
Registration Claimed. </FONT></H1>

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<A NAME=A020></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Not Applicable </FONT></P>

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<A NAME=A021></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8. Exhibits. </FONT></H1>

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     <TH><FONT FACE="Times New Roman"></FONT></TH>
     <TH><FONT FACE="Times New Roman"></FONT></TH></TR>
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     <TD WIDTH=20% ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=70% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=left><FONT FACE="Times New Roman" SIZE="2"><B><U>Exhibit Number</U></B> </FONT> </TD>
     <TD ALIGN=left><FONT FACE="Times New Roman" SIZE="2"><B><U>Exhibit</U></B> </FONT> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>4.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Yamana Plan</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>4.2</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>RNC Plan</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>4.3</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Viceroy Plan</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>5.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Opinion of Cassels Brock &amp; Blackwell LLP</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>23.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Consent of Deloitte &amp; Touche LLP, Independent Registered Chartered Accountants</FONT></TD></TR>
<TR VALIGN=top>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>23.2</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Consent of Cassels Brock &amp; Blackwell LLP (contained in its opinion filed as Exhibit 5.1)</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>24.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Power of Attorney (See page II-6 of this registration statement)</FONT></TD></TR>
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<BR><BR><BR><BR><BR><BR><BR>

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<A NAME=A022></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9. Undertakings. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
undersigned Registrant hereby undertakes:  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&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>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          To include any prospectus required by Section 10(a)(3) of the Securities Act; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&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 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>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-3 </FONT></P>


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<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&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>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>provided, however,</I> 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>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&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 <I>bona fide </I>offering
          thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&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>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&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 <I>bona fide
          </I>offering thereof. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&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>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-4 </FONT></P>


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<A NAME=A023></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>SIGNATURES</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>The
Registrant</U>. 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 9th day
of August, 2007. </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman"></FONT></TH>
     <TH><FONT FACE="Times New Roman"></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Yamana Gold Inc.</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Charles B. Main&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Name: Charles B. Main </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Title: Vice President Finance and Chief Financial Officer</FONT></TD></TR>
</TABLE>

<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-5 </FONT></P>



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<A NAME=A024></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>POWERS OF ATTORNEY</B> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=left WIDTH=600>
<TR VALIGN=TOP>
     <TH> </TH>
     <TH> </TH>
     <TH> </TH></TR>
<TR VALIGN=TOP>
     <TD WIDTH=30% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD>
     <TD WIDTH=45% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD>
     <TD WIDTH=25% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U><B>Signature</B></U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U><B>Title</B></U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U><B>Date</B></U> </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Peter Marrone</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director, Chairman and Chief Executive Officer </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Peter Marrone </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Charles Main</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Vice President Finance and Chief Financial Officer </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Charles Main </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Antenor Silva</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director, President and Chief Operating Officer </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Antenor Silva </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Victor Bradley</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Victor Bradley </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Juvenal Mesquita Filho</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Juvenal Mesquita Filho </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ John Begeman</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">John Begeman </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ C. Nigel Lees</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">C. Nigel Lees </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Dino Titaro</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Dino Titaro </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Patrick Mars</U> </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Director </FONT> </TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">August&nbsp;9, 2007 </FONT> </TD></TR>
<TR VALIGN=TOP>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2">Patrick Mars </FONT> </TD></TR>
</TABLE><FONT SIZE="2"><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>




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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">II-6 </FONT> </P>






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<A NAME=A025></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>AUTHORIZED
REPRESENTATIVE</B> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 August&nbsp;9, 2007. </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman"></FONT></TH>
     <TH><FONT FACE="Times New Roman"></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><U>/s/ JOHN BEGEMAN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>John Begeman</FONT></TD></TR>
</TABLE>

<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-7  </FONT></P>



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<A NAME=A026></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>EXHIBIT INDEX</B> </FONT> </P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=left WIDTH=600>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman"></FONT></TH>
     <TH><FONT FACE="Times New Roman"></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=20% ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=70% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=left><FONT FACE="Times New Roman" SIZE="2"><B><U>Exhibit Number</U></B> </FONT> </TD>
     <TD ALIGN=left><FONT FACE="Times New Roman" SIZE="2"><B><U>Exhibit</U></B> </FONT> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>4.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Yamana Plan</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>4.2</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>RNC Plan</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>4.3</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Viceroy Plan</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>5.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Opinion of Cassels Brock &amp; Blackwell LLP</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>23.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Consent of Deloitte &amp; Touche LLP, Independent Registered Chartered Accountants</FONT></TD></TR>
<TR VALIGN=top>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>23.2</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Consent of Cassels Brock &amp; Blackwell LLP (contained in its opinion filed as Exhibit 5.1)</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>24.1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Power of Attorney (See page II-6 of this registration statement)</FONT></TD></TR>
</TABLE><BR><BR>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-8 </FONT></P>





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</HTML>
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{"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": "333-145300", "film-number": "071042079"}, "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 August 10, 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.
("Yamana")
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)
SHARE INCENTIVE PLAN
Yamana
Gold Inc. Amended Share Incentive Plan (the "Yamana Plan")
RNC Gold Inc. Amended
and Restated Stock Option Plan (the "RNC Plan")
Viceroy Explorations Ltd. 2005
Amended and Restated Stock Option and Share Compensation Plan (the "Viceroy Plan")
(Full titles of the
plans)
DL Services Inc.
1420 5th 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 Yamana Plan
8,995,792
US$8.83
(2)
US$79,432,843.36
US$2,437.58
Yamana Common Shares reserved for issuance pursuant to the Yamana Plan
5,779,875
US$11.28
(3)
US$65,196,990
US$2,001.64
Yamana Common Shares issuable pursuant to options outstanding under the RNC Plan
64,600
US$7.12
(2)
US$459,952
US$15.35
Yamana Common Shares issuable pursuant to options outstanding under the Viceroy Plan
1,635,270
US$5.26
(2)
US$9,604,431.33
US$294.72
Total Common Shares
16,475,537
--
US$154,427,177.06
US$4,749.29
(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)
The
proposed maximum offering price per share and the registration fee were
          calculated in accordance with rule 457(c) and (h) based on the average high and
          low prices for the Registrant's common shares on July 27, 2007, as quoted on the
          New York Stock Exchange, which was $11.28 per share.
This registration statement on Form
S-8 registers 16,475,537 common shares of Yamana Gold Inc. (the "Registrant")
reserved for issuance upon the exercise of stock options granted under the
Yamana Plan, the RNC Plan and the Viceroy Plan pursuant to
acquisitions which honored the existing plans.
Pursuant to Rule 416(a) of the
Securities Act of 1933, as amended (the "Securities Act"), 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 (File No. 001-31880) for the
fiscal year ended December 31, 2006, filed on March 30, 2007.
(b)       
All other reports of the Registrant filed pursuant to Section 13(a) or 15(d) of the United States Securities
Exchange Act of 1934, as amended (the "Exchange Act"), since the
end of the fiscal year covered by 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 (File No. 001-31880) 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.
Any statement contained in a document  incorporated or deemed to be incorporated
by  reference  herein  shall be  deemed to be  modified  or  superseded  for the
purposes of this registration statement to the extent that a statement contained
herein or in any other subsequently filed document which also is or is deemed to
be incorporated by reference  herein modifies or supersedes such statement.  Any
statement so modified or superseded  shall not be deemed,  except as so modified
or superseded, to constitute a part of this registration statement.
Item 4. Description of
Securities.
Not Applicable
Item 5. Interests of
Named Experts and Counsel.
Mark Bennett, a partner of the law firm Cassels, Brock & Blackwell LLP, Canadian
counsel to the  Registrant,  has 50,000 options to purchase  Common Shares.  Mr. 
Bennett  received  these  options  in  connection  with  his  role as  Corporate
Secretary for the Registrant.
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 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.
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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 Securities 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 Securities Act, and is herefore unenforceable.
Item 7. Exemption from
Registration Claimed.
Not Applicable
Item 8. Exhibits.
Exhibit Number
Exhibit
4.1
Yamana Plan
4.2
RNC Plan
4.3
Viceroy 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 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;
II-3
(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.
II-4
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 9th day
of August, 2007.
Yamana Gold Inc.
/s/ Charles B. Main
Name: Charles B. Main
Title: Vice President Finance and Chief Financial Officer
II-5
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
Director, Chairman and Chief Executive Officer
August 9, 2007
Peter Marrone
/s/ Charles Main
Vice President Finance and Chief Financial Officer
August 9, 2007
Charles Main
/s/ Antenor Silva
Director, President and Chief Operating Officer
August 9, 2007
Antenor Silva
/s/ Victor Bradley
Director
August 9, 2007
Victor Bradley
/s/ Juvenal Mesquita Filho
Director
August 9, 2007
Juvenal Mesquita Filho
/s/ John Begeman
Director
August 9, 2007
John Begeman
/s/ C. Nigel Lees
Director
August 9, 2007
C. Nigel Lees
/s/ Dino Titaro
Director
August 9, 2007
Dino Titaro
/s/ Patrick Mars
Director
August 9, 2007
Patrick Mars
II-6
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 August 9, 2007.
/s/ JOHN BEGEMAN
John Begeman
II-7
EXHIBIT INDEX
Exhibit Number
Exhibit
4.1
Yamana Plan
4.2
RNC Plan
4.3
Viceroy 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)
II-8