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Author Topic: AUY - Yamana Gold, Inc. - NYSE  (Read 10255 times)
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Vegas
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« on: December 25, 2008, 07:59:18 PM »


Daily Chart:  http://stockcharts.com/h-sc/ui?s=AUY&p=D&b=5&g=0&id=p11530901891

Weekly Chart:  http://stockcharts.com/h-sc/ui?s=AUY&p=W&b=5&g=0&id=p76230572410

News:  http://finance.yahoo.com/q/h?s=AUY+Headlines

Business Summary:  Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. The company’s property portfolio includes seven operating gold mines, including Chapada mine, Jacobina mining complex, and Fazenda Brasileiro mine in Brazil; El Peñón mine and Minera Florida mine in Chile; Gualcamayo mine in Argentina; and Mercedes mine in Mexico. It also has a 12.5% indirect interest in the Alumbrera copper/gold/molybdenum mine in Argentina, as well as holds interests in various advanced and near development stage projects and exploration properties in Brazil, Chile, and Argentina. Yamana Gold Inc. was founded in 2003 and is headquartered in Toronto, Canada.
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« Reply #1 on: December 25, 2008, 10:20:47 PM »

I'm hoping this will drop back under 6.00 so I can jump on it and ride it up again... I have rode the trends several times the past couple of months on AUY for some nice gains... Wink
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« Reply #2 on: December 27, 2008, 10:39:32 AM »

It has resistance at 7.23, it stopped at 7.33 because 7.23 was support on last September, is now resistance, it has support at 5.76(PAR SAR), 5.50 and 5.11(MA50).

It's not oversold, has still room to run to 10.89, but, that pullback you are talking is also possible.
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« Reply #3 on: January 01, 2009, 04:33:22 AM »

I got in when this was bouncing around 3-4..Now Cha-Ching....
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« Reply #4 on: January 13, 2009, 06:18:49 AM »

YAMANA GOLD PROVIDES 2009 AND 2010 OPERATING OUTLOOK
2009 production expected to increase by approximately 40 per cent; cash costs expected to decline

TORONTO, ONTARIO, January 12, 2009 – YAMANA GOLD INC. (TSX: YRI; NYSE: AUY; LSE: YAU) today announced its operating outlook including production, cost and capital expenditure guidance for 2009 and 2010, as well as its fourth quarter operational highlights and update. All amounts are expressed in United States Dollars unless otherwise indicated.

2009/2010 OPERATING OUTLOOK
Gold production is expected to be in the range of 1.3 million to 1.4 million gold equivalent ounces (GEO) in 2009. Yamana had previously guided in October 2008 a specific production expectation with a ±7% variance and this range is consistent with this past guidance. Production is projected to increase to approximately 1.4 million to 1.5 million GEO in 2010 from mines currently in production.

http://www.kitco.com/pr/1267/article_01122009185127.pdf
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« Reply #5 on: January 13, 2009, 05:17:48 PM »

Yamana Gold May Buy Small Rivals

Yamana Gold Inc., Canada's fourth-largest gold producer, may accelerate plans to double output by acquiring smaller rivals that are struggling to finance development of their mines.

Yamana, on schedule to produce 2 million ounces in four years by developing its own deposits, could do so more quickly by exploiting a rout in stock prices of smaller miners, chief executive Peter Marrone said Tuesday in an interview. Acquisitions must have an internal rate of return "significantly in excess" of 15%, he said.

http://www.financialpost.com/story.html?id=1172608
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« Reply #6 on: January 16, 2009, 10:53:50 PM »

I bought this pre-market this morning before I left for work but did not have time to post my buy as it got filled right before I was heading out the door... I also bought CDE...
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« Reply #7 on: January 20, 2009, 12:01:33 PM »

Decided to bank my profits and sold AUY at 7.34 this morning...
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« Reply #8 on: February 13, 2009, 10:39:40 PM »

Yamana Gold Ready To Buy And Build To Maintain Tier 1 Status

Posted: February 13, 2009, 2:32 PM by David Pett

In the eyes of many industry observers, Yamana Gold Inc. has stepped up in class and can now be considered among Canada's Tier 1 gold producers.  According to RBC Capital Markets analyst Michael D. Curran, there's few reasons to think the gold miner won't keep a seat at the big table for a long time to come.

"With the recent expanded debt capacity and an equity financing, we think Yamana is in a solid position to act on several fronts to deliver the growth over the next few years, Mr. Curran said in a note to clients. "We believe the company will proceed with one or two new mine developments, expansions at some of its existing mines, and perhaps look at an acquisition to round out the growth profile for the coming few years.

Yamana said it can deliver one million ounces in 2009 from its existing operating mines and increase that output to two million ounces based on its internal growth profile.  Earlier this week, the company updated the market on two of its fledgling exploration projects, releasing a pre-feasibility study for its Mercedes project and a scoping study for its Ernesto/Piq a Pan exploration properties. Mr. Curren was encouraged by results from the studies, but he refrained for the time being on making adjustments to his valuation for Yamana.

"At this point in time, we are not convinced of the full slate of growth projects suggested by management, and have assumed growth to 1.5MMoz in our valuation," he wrote. "Over the next few quarters, we look for further details regarding some of the company’s new projects and/or mine expansions thatcould increase our growth forecast beyond the current 1.5MMoz/yr used in our valuation of Yamana shares."

The analyst continues to believe Yamana shares are oversold and maintained his "outperform" rating and $11 price target.

http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/02/13/yamana-gold-ready-to-buy-and-build-to-maintain-tier-1-status.aspx
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« Reply #9 on: March 03, 2009, 10:51:14 PM »

YAMANA GOLD ANNOUNCES RECORD RESERVES AND RESOURCES

– Proven and probable gold reserves increase 8%; measured and indicated resources
increase 22% –


TORONTO, ONTARIO, March 3, 2009 ─ YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced that proven and probable gold reserves increased to 19.4 million ounces as of December 31, 2008. Total new discovered proven and probable gold reserves totalled 2.5 million ounces in 2008. With approximately 1.0 million ounces having been mined in 2008, net gold reserves increased by approximately 1.5 million ounces, representing a net increase of eight percent. Total measured and indicated gold resources increased significantly to 15.7 million ounces, up 22 percent from 12.9 million ounces a year earlier. Approximately 7.9 million new ounces of gold were added across all categories before production, which exceeds the Company’s previous expectation of 7.0 million new ounces. Discovery costs for proven and probable plus measured and indicated gold ounces were approximately US$12.00 per gold ounce which compares well to the industry average.

The increase in proven and probable gold reserves is primarily due to the addition of over 600,000 ounces at Mercedes in Mexico, and net additions of more than 1.1 million ounces at Gualcamayo in Argentina, more than 140,000 ounces at Minera Florida in Chile, more than 200,000 ounces at Jacobina and approximately 100,000 ounces at Chapada in Brazil. At Gualcamayo, the proven and probable reserve increase includes 240,000 ounces from the QDD main deposit, which will now enable the Company to evaluate further extending the mine life. At Jacobina, new reserve ounces exceeded ounces mined, resources were upgraded from inferred to measured and indicated and the average grade improved notably. At El Peñón, the Company replaced most of the ounces mined and significantly increased measured and indicated resources. The proven and probable reserve estimate at El Peñón does not include Bonanza and Al Este. Yamana has increased infill drilling this year with the goal of upgrading resources to reserves. The total resource estimate does not include drilling completed at Pilar for 2008 and the Company expects to provide a resource estimate update in Q2 2009.

http://www.kitco.com/pr/1267/article_03032009175557.pdf
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« Reply #10 on: March 03, 2009, 11:21:01 PM »

I'm so sad I sold this early..... nicely done once again Vegas.
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« Reply #11 on: March 04, 2009, 08:43:55 PM »

YAMANA GOLD REPORTS RECORD 2008 REVENUE, NET EARNINGS AND CASH FLOW

TORONTO, ONTARIO, March 4, 2009 ─ YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its financial and operating results for the fourth quarter and year ended December 31, 2008. All dollar amounts are expressed in United States dollars unless otherwise specified.

Financial and Operating
Highlights for the three-and twelve-month periods ended December 31, 2008 include:

• Revenues of $1.1 billion for the year.

• Net earnings of $179.4 million, or $0.25 per share, and $434.8 million or $0.63 per share, respectively.

• Total production from all mines of 254,774 gold equivalent ounces (GEO) and 982,897 GEO, respectively, in line with previously announced guidance.

• Average co-product cash cost of $383 per GEO and $384 per GEO, respectively, in line with previously announced guidance. By-product cash costs for the year were $136 per GEO.

Development and Exploration
Operational highlights for the period ended December 31, 2008 include:

• Commenced operations at Gualcamayo and São Vicente during the fourth quarter.

• Began commissioning the expansion at Minera Florida in the fourth quarter resulting in a throughput increase to 2,000 tonnes per day.

• Completed updated feasibility study for the expansion at Chapada and commenced the first phase of expansion to 20 million tonnes per year with completion expected mid-2009.

• Increased proven and probable gold reserves by 1.5 million ounces over mined ounces in 2008 to a record level of 19.4 million ounces.

http://www.kitco.com/pr/1267/article_03042009185431.pdf
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« Reply #12 on: March 04, 2009, 09:17:16 PM »

Up nicely after hours
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« Reply #13 on: March 05, 2009, 02:47:06 AM »

Up nicely after hours

I saw that. Up .43 after hours... I was hoping this would pull back a bit further to 6.50 or 7.00 before this earnings release...
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« Reply #14 on: June 11, 2009, 12:21:47 AM »

Yamana Gold To Sell Three Mines To Aura Minerals For $200 Million

Dorothy Kosich, Mineweb.net

Yamana Gold has signed an agreement to sell three of its mines to Vancouver-based junior Aura Minerals for a US$200 million cash and stock transaction.

In a statement Tuesday, Yamana CEO Peter Marrone said, "The sale of these non-core mines is expected to result in lower cash operating costs, higher margins, and increased reserves, production and cash flow per mine."

http://www.proactiveinvestors.co.uk/companies/news/6072/yamana-gold-to-sell-three-mines-to-aura-minerals-for-200-million-6072.html
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