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Author Topic: AUY - Yamana Gold, Inc. - NYSE  (Read 10259 times)
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« Reply #15 on: October 07, 2009, 12:41:04 AM »

Yamana Gold Quarterly Output Rises, Shares Jump

TORONTO, Oct 6 (Reuters) - Yamana Gold (YRI.TO) said on Tuesday its third-quarter production rose 9 percent from the previous quarter, while costs remained in line with expectations.

Analysts lauded the results, which followed a somewhat disappointing second quarter. The company's shares jumped 7.6 percent, driven also by record high gold prices and outperforming most Toronto-listed stocks. "We view the operating performance as a significant turnaround for Yamana," Macquarie analyst George Albino said in a research note. Paradigm Capital analysts Don MacLean and Don Blyth called the results strong.

http://www.reuters.com/article/marketsNews/idAFN0644020320091006?rpc=44
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« Reply #16 on: March 04, 2010, 02:04:03 PM »

Yamana Gold total production clears 1 milllion gold equivalent ounces in 2009

Thursday, March 04, 2010

Yamana Gold (NYSE: AUY, TSE:YRI, LON:YAU) announced commercial gold production of 790,435 ounces and silver production of 10.5 million ounces in 2009, or 1,025,677 Gold Equivalent Ounces (GEO) and 137.4 million pounds of copper, up from 982,897 GEO reported in 2008.

Commercial production from its new Gualcamayo gold mine in the San Juan Province of Argentina exceeded expectations with 143,471 ounces of gold reported last year. Commercial production was declared effective July 1, 2009.

During 2010, production from continuing operations is expected to be in the range of 1,030,000 to 1,145,000 GEO, which would be an overall increase of up to 12% from last year.  Copper production is expected to be in the range of 150 million to 160 million pounds this year.

Growth is expected to ramp up in 2013 to 1.3 million GEO as four projects-C1 Santa Luz, Mercedes, the Minera Florida tailings project and Ernesto/Pau-a-Pique-begin production.

Proven and probable mineral reserves as of December 31, 2009, were 17.6 million contained gold ounces, 162 million ounces of contained silver and 11.2 billion pounds of contained copper.  Measured and Indicated Resources were reported at 12,950,000 contained ounces of gold, 59,694,000 contained silver ounces and 3.67 billion pounds of copper.

Yamana has budgeted $75 million to $80 million for exploration this year.  In a new release, the company says it "anticipates a substantial increase in mineral resources in 2010 as new mineral resource estimates are completed, including Salmanca, Caimar and Suruca."

On July 17, 2009, the company entered into an agreement to sell three non-core operating mines for a combination of cash, shares, notes and deferred payment for a total consideration of $265 million.

http://www.proactiveinvestors.co.uk/companies/news/14020/yamana-gold-total-production-clears-1-milllion-gold-equivalent-ounces-in-2009-14020.html
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« Reply #17 on: April 01, 2010, 04:06:20 PM »

Yamana Reiterates Production Cost Forecasts

1st April 2010

TORONTO (miningweekly.com) – Toronto-based Yamana Gold stands by its previous guidance for production and cash costs in 2010, the company said on Thursday. Yamana, which has producing mines in Brazil, Chile and Argentina, expects to produce between 1,03-million and 1,15-million gold-equivalent ounces, which include silver.

On a co-product basis, cash costs are estimated at between $360/oz and $400/oz of gold-equivalent, while costs will be lower than $200/oz net of byproduct credits, the firm said. Production is still expected to rise as the year progresses, and costs will decrease with each successive quarter. First quarter output is estimated at some 240 000 gold-equivalent ounces, at by-product cash costs of below $200/oz.

But the firm warned that first quarter costs will be higher than the comparable numbers for the same period of 2009, because it benefited then from unusually circumstances including a significant depreciation of local currencies after the financial crisis. Yamana also produces copper, and has forecast output of between 150-million and 160-million pounds for this year.

http://www.miningweekly.com/article/yamana-reiterates-production-cost-forecasts-2010-04-01
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« Reply #18 on: April 01, 2010, 04:08:01 PM »

Chart looks nice!

http://stockcharts.com/h-sc/ui?s=AUY&p=D&b=5&g=0&id=p48007247200

Enjoy ur Easter Wknd!
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« Reply #19 on: May 15, 2010, 11:58:16 AM »

YAMANA RECEIVES SHARES OF AURA MINERALS

May 14, 2010 ─ YAMANA GOLD INC. (TSX:YRI; NYSE:AUY;LSE:YAU)

Yamana announces that it has received and now owns and controls an additional 13,859,533 common shares of Aura Minerals Inc. (“Aura”) at a value of Cdn.$3.90 based on the closing price of Aura’s common shares on the Toronto Stock Exchange on April 29, 2010. Following the acquisition of these additional shares, Yamana now holds a total of 23,344,261 common shares of Aura, representing approximately 11% of Aura’s issued and outstanding common shares.

Yamana has no current intention to acquire ownership or control over additional securities of Aura. It is the intention of Yamana to evaluate its investment in Aura on a continuing basis and such holdings may be decreased or increased in the future. Yamana acquired the shares as an accredited investor pursuant to the exemption set forth in section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions.

http://www.kitco.com/pr/1738/article_05142010183442.pdf
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« Reply #20 on: August 03, 2011, 09:47:30 PM »

YAMANA GOLD ANNOUNCES SECOND QUARTER 2011 RESULTS
RECORDS ACHIEVED IN REVENUE, CASH FLOW AND EARNINGS

August 3, 2011

YAMANA GOLD INC. today announced its financial and operating results for the second quarter of 2011.

HIGHLIGHTS FOR THE SECOND QUARTER 2011

Production of 278,737 gold equivalent ounces at cash costs of negative $80 per GEO

Gold production of 232,138 ounces

Silver production of 2.3 million ounces

Generated cash margin of $1,589 per ounce


Mercedes is expected to commence production by year-end, ahead of the original plan for mid-year 2012

Significant financial and operational increases over the second quarter of 2010

Production increased 10% to 278,737 GEO

Record revenue increased 63% to $573.3 million

Record net earnings increased 178% to $194.7 million, $0.26 per share

Record adjusted earnings increased 122% to $186.2 million, $0.25 per share

Record cash flow generated from operations increased 70% to $331.0 million, $0.44 per share

Cash and cash equivalents at June 30, 2011 were $520.9 million, a $60 million increase from the end of the first quarter of 2011


“Our second quarter results continue to demonstrate our focus and commitment to increased reliability and continuous improvement in our operational and financial results,” commented Peter Marrone, Chairman and CEO. “Our operational successes resulted in records in revenue, cash flow and earnings both on an absolute basis and on a per share basis. This allowed us to increase our dividend in the quarter by 50%.”

http://www.kitco.com/pr/1738/article_08032011174514.pdf
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« Reply #21 on: February 23, 2012, 01:43:05 AM »

YAMANA GOLD ANNOUNCES RECORD FOURTH QUARTER & YEAR END 2011 RESULTS

February 22, 2012


REVENUE INCREASES 29%, OPERATING CASH FLOW INCREASES 48%, ADJUSTED EARNINGS INCREASE 59%

HIGHLIGHTS FOR THE YEAR 2011

· Record production of 1.10 million gold equivalent ounces (GEO)(1) , an increase of 5% at cash costs(2)(3) of $50 per GEO
· Gold production of 916,284 ounces
· Silver production of 9.3 million ounces
· Generated cash margin of $1,517 per ounce(4), an increase of 28%
· Flagship operations outperformed in 2011:
· El Peñón production increased by 11% to 476,000 GEO
· Gualcamayo production increased by 18% to 159,000 gold ounces


Significant financial and operational increases in 2011

· Revenue increased 29% to $2.2 billion
· Adjusted earnings(2) increased 59% to $713 million, $0.96 per share
· Cash flow generated from operations(5) increased 48 % to $1.3 billion, $1.70 per share
· Cash and cash equivalents were $550 million, a $220 million increase since 2010 yearend
· Annual dividend increased throughout 2011 to $0.20 per share

http://www.kitco.com/pr/1267/article_02222012175218.pdf
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« Reply #22 on: May 30, 2012, 12:23:16 PM »

Adit and Yamana Close Option Agreement To Acquire Picacho Gold And Silver Property

May 30, 2012

Tara Minerals Corp. is pleased to announce that its subsidiary, Adit Resources Corp., ("Adit") has entered into an agreement for the sale of American Copper Mining S.A. de C.V., the holder of Adit's Picacho group of concessions, to Yamana Mexico Holdings B.V., a subsidiary of Yamana Gold Inc.
 
Yamana has paid Adit $7.5 million upon closing, and, upon exercising the option to complete the acquisition, will pay (i) $9.8 million on or before the 12 month anniversary; (ii) an additional $1 million for every 100,000 ounces defined by the 60 month anniversary; and (iii) a final installment payment of $4.3 million on the sixth year anniversary. The payments for the measured, indicated, and inferred ounces defined will be capped at $14 million. If no gold is defined on the property by the 36 month anniversary, Yamana will make an advance payment of $3 million. Yamana Gold Inc. has also surrendered 500,000 common shares, and warrants to purchase an additional 250,000 common shares that it holds in the capital of Adit for cancellation by Adit.
 
Yamana has the option, until ten business days prior to the one year anniversary, to either terminate the agreement or make the remainder of the payments when due, with the amount of each payment calculated as outlined above. If the agreement is terminated, Yamana will be required to return the capital stock of American Copper, all project related data, and the underlying property to Adit in good standing.
 
The Picacho group of concessions consists of 7,060 hectares and is located in Sonora, Mexico. Work to date on Picacho has identified nine gold-bearing veins over four mineralized target areas with an aggregate strike length of over 10.8 km. Drilling of approximately 5,300 meters has been completed along only 600 meters of the vein system, with true width intercepts including 11.3 m of 15.6 g/t gold, 6.1 m of 4.7 g/t gold, and 9.4 m of 7.8 g/t gold.
 
http://taraminerals.com/English/News/PressReleases/PressReleaseDetails/2012/Adit-and-Yamana-Close-Option-Agreement-to-Acquire-Picacho-Gold-and-Silver-Property-for-a-Series-of-Payments-Totaling-up-to-35/default.aspx
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« Reply #23 on: August 09, 2012, 08:09:48 PM »


Yamana Looks To Increase Gold Production Through Acquisitions, Advanced Projects

August 9, 2012

Yamana Gold Inc. will be looking to continue its upward trend of gold and gold-equivalent production through acquisitions and a focus on projects that are in advanced development stages. The major acquisition in the pipeline for Yamana at the moment is Extorre Gold Mines Ltd. (TSX, NYSE-MKT:XG) and its wholly owned flagship Cerro Morro Gold-Silver Project, located in Argentina. “We announced this acquisition in this just-completed quarter on Jun. 18,” said Peter Marrone, chairman and chief executive officer of Yamana, in a conference call with analysts in conjunction with Yamana’s second-quarter earnings report Thursday. “This asset already carries a large mineral resource base at high grades, one where we see lots of potential for significant growth. Cerro Moro is a deposit type we know in a jurisdiction that we understand.”

Most of Yamana’s assets are located in South America. The company is said to have acquired Extorre for $414 million, or $4.26 per share. “We believe this is another opportunity for us to deliver significant value and we look forward to the anticipated closing, which is expected before the end of this month,” Marrone said. Marrone expects a production startup at Cerro Morro in 2015 and is looking for the asset to produce a minimum of 200,000 ounces of gold or gold equivalent annually. Along with the acquisition of Extorre, Yamana will be looking to bring its Jeronimo project, located in Chile, into production. Jeronimo is a joint-venture project with Codelco, the Chilean state-owned copper-mining company.

http://www.kitco.com/reports/KitcoNews20120809AL_yamana.html
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« Reply #24 on: February 21, 2013, 11:07:21 AM »


Yamana Announces Another Year Of Mineral Reserve And Mineral Resource Increases

February 21, 2013

Yamana Gold, Inc., today announced its mineral reserves and mineral resources for the year ended December 31, 2012.

HIGHLIGHTS:
•Total gold equivalent(1) mineral reserves increased to 19.3 million ounces, a 4% increase from 2011, with a 3% increase in grade
•Gold equivalent mineral reserves at existing operations increased to 14.2 million ounces, a 6% increase from 2011
•Gold equivalent mineral reserves at existing operations and projects in development increased to 17.9 million ounces, a 5% increase from 2011
•Total measured and indicated gold equivalent mineral resources of 15.6 million ounces, an increase of 15%, with a 14% increase in grade
•Total inferred gold equivalent mineral resources increased to 11.4 million ounces, a 10% increase, with a 119% increase in grade

On a gold equivalent basis, mineral reserves are 19.3 million ounces for the year ending December 31, 2012, an increase of over 4% from 2011. This is comprised of 17.7 million ounces of gold mineral reserves and 89.2 million ounces of silver mineral reserves. On a gold equivalent basis the average grade of mineral reserves increased 3% to 0.96 grams per tonne (g/t).

A priority in 2012 was to increase mineral reserves at existing operations. At the Company''s existing operations mineral reserves increased 6% to 14.2 million gold equivalent ounces (GEO) with an average gold equivalent grade of 0.82g/t. Copper mineral reserves were 2.7 billion pounds of copper at an average grade of 0.31% copper including Alumbrera. Copper mineral reserves at Chapada increased by 7%. For 2012, measured and indicated mineral resources increased 15% to 15.6 million GEO with an average gold equivalent grade of 0.89 g/t, which is a 14% increase from 2011. This is comprised of 14.1 million ounces of gold mineral resources, an increase of 7%, and 78.8 million ounces of silver, an increase of 237%.

http://finance.yahoo.com/news/yamana-announces-another-mineral-mineral-221312122.html
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« Reply #25 on: August 01, 2013, 10:42:47 AM »


Yamana Gold Swings to 2nd-Quarter Loss As Metals Prices Fall

July 31, 2013

Yamana Gold Inc. swung to a second-quarter loss as weaker metals prices and revenue hurt the Canada-based gold-mining company's results. The company's shares have been trading lower in recent months, suffering as investors have turned their backs on gold and silver in recent months, as brighter economic data have led some to believe the Federal Reserve will soon reduce its bond-buying policy.

Both gold and silver are considered a hedge against rising inflation, which would become less of a concern if the Fed rolled back some monetary-stimulus programs put in place in the wake of the 2008 financial crisis. Silver, however, is often more volatile than gold.

In the latest quarter, Yamana's average realized prices for gold and silver fell 14% and 16%, respectively. For copper, prices slid 15%. Yamana reported a loss of $7.9 million, or a penny a share, compared with a year-earlier profit of $42.9 million, or six cents a share. Excluding special items, adjusted earnings fell to seven cents from 18 cents. Revenue declined 20% to $430.5 million. Analysts surveyed by Thomson Reuters expected a profit of 10 cents a share on revenue of $485 million.

Gross margin narrowed to 49.5% from 62.5%. Production reached 295,545 gold-equivalent ounces, up 2.4% from a year ago. Shares slipped five cents to $10.45 in after-hours trading. The stock has fallen 39% since the start of the year.

http://www.4-traders.com/YAMANA-GOLD-INC-1412328/news/Yamana-Gold-Inc-Yamana-Gold-Swings-to-2nd-Quarter-Loss-as-Metals-Prices-Fall-17143417/
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« Reply #26 on: August 01, 2013, 10:47:46 AM »


Yamana Gold Announces Second Quarter 2013 Results

July 31, 2013

Highlights For The Second Quarter 2013
• Production of 295,545 gold equivalent ounces, representing an increase of over 2% compared the same quarter of 2012 and an approximate 2% increase over the first quarter of 2013
• Gold production of 257,608 ounces
• Silver production of 1.9 million ounces
• All-in sustaining costs(2)(3) of $950 per GEO on a co-product basis, a 6% or approximately $64 per GEO reduction from first quarter 2013
• Revenues of $430.5 million
• Net loss of $7.9 million or $0.01 basic and diluted earnings per share
• Adjusted earnings(2) of $50.2 million or $0.07 adjusted basic and diluted earnings per share
• Cash flows from operations after changes in non-cash working capital of $195.4 million
• Cash flows generated from operations before changes in non-cash working capital of $150.9 million(2)

http://www.kitco.com/pr/1267/article_07312013193651.pdf
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« Reply #27 on: October 30, 2013, 03:23:41 PM »


Yamana Expects Robust Production Increases In 4Q

October 30, 2013

Canadian miner Yamana Gold  Inc. (TSX:YRI)(NYSE:AUY) expects to see a rise in gold equivalent production in the fourth quarter, the chief executive said in conjunction with the release of third-quarter earnings after markets closed Tuesday.

Speaking on a conference call Wednesday, Peter Marrone, chairman and chief executive officer of Yamana, clarified what seemed to be an unclear understanding of the company’s results in market commentaries late Tuesday afternoon and evening.

“We have seen overnight some commentary on the short-term production growth of this company,” Marrone said on the call. “We have noted that there has been some view that there has been a lack of clarity, so let me be clear and make sure this is better explained; we expect robust production increases in the fourth quarter. We have said this since the beginning of the year.

“Based on our production for the third quarter, and our budgeted production for the fourth quarter, we would exceed our goal this year of over 1.3 million gold equivalent ounces,” he added.

The company produced 306,935 gold equivalent ounces in the third quarter, a 4% increase quarter-on-quarter, but a 1% decrease year-on-year. The gold equivalent ounces produced in the third quarter broke down to 263,830 ounces of gold and 2.2 million ounces of silver, the company reported.

Total TOT -0.15% copper production for the third quarter of 2013 was 43.9 million pounds, compared with 49.8 million pounds in the third quarter of 2012, based on lower grades and lower recovery, the company said.

During the call, Marrone restated the company’s stance and philosophy during this volatile year for commodities.

“Preservation of margins and the generation of cash flow and pre-cash flow is at our philosophical core; we’ve been consistent with that for some time and this is an important point,” Marrone said. “In an environment where gold prices are rising, or there is a reasonable certainty that it will continue to rise, where there’s minimal risk of margin compression, marginal ounces should be produced, they will contribute to the generation of cash flow.

“The overall objective in a certain and rising gold price environment is to maintain increased cash flows and maximize production,” Marrone said.

Yamana reported all-in sustaining costs at $730 per gold equivalent ounces on a by-product basis, a 20% dip, or $186 lower per gold equivalent ounce quarter-on-quarter. All-in sustaining costs on a co-product basis were $888 per gold equivalent ounce, a 12% and 7% dip, or approximately $126 and $62 lower per gold equivalent ounce compared to the first and second quarter of 2013 respectively, the company said.

Revenues in the quarter totaled $456.7 million, a 7% increase from second quarter 2013, while net earnings were $43.5 million or 6 cents per share. Net earnings came in at $60.0 million, or 8 cents a share in last year’s comparative quarter.

Adjusted earnings totaled $69.5 million, or 9 cents per share, a 39% increase from second quarter 2013, the company said. Cash flows from operations after changes in non-cash working capital of were $99.0 million while cash flows generated from operations before changes in non-cash working capital totaled $177.4 million, an 18% increase from second quarter 2013, the company said.

http://www.forbes.com/sites/kitconews/2013/10/30/yamana-expects-robust-production-increases-in-4q-ceo/?partner=yahootix
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« Reply #28 on: January 27, 2014, 07:31:11 PM »


Yamana Provides Notice Of Fourth Quarter 2013 Financial Results Release

January 27, 2014

Yamana Gold will release its fourth quarter and full year 2013 results after market close on February 18, 2014 followed by a conference call and webcast on February 19, 2014 at 8:30 a.m. ET.

Conference Call Information:

Toll Free (North America):  1-800-355-4959 
Toronto Local and International:  416-695-6616 
Webcast: http://www.yamana.com/

Conference Call REPLAY:

Toll Free (North America):  1-800-408-3053  Passcode 9088417
Toronto Local and International:  905-694-9451  Passcode 9088417

The conference call replay will be available from 2:00 p.m. ET on February 19, 2014 until 11:59 p.m. ET on February 27, 2014.

http://finance.yahoo.com/news/yamana-provides-notice-fourth-quarter-211500214.html
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« Reply #29 on: February 19, 2014, 12:36:19 AM »


Yamana Gold Announces Fourth Quarter And Year End 2013 Results

February 18, 2014

YAMANA GOLD INC. today announced its financial and operating results for the fourth quarter and year end 2013.

HIGHLIGHTS FOR THE YEAR 2013

FINANCIAL -- Cash flow trend is positive in new price environment
• Revenue for the fourth quarter of $420.7 million and $1.84 billion for full year.
• Adjusted earnings(1) of $273.4 million or $0.36 per share for full year after adjusting for one time and non-cash items of $719.6 million; net loss(2) for full year of $446.2 million or $0.59 per share.
• Adjusted earnings of $36.7 million or $0.05 per share for the fourth quarter after adjusting for one time and non-cash items of $620.7 million; net loss(2) for the fourth quarter of $583.9 million or $0.78 per share.
• Cash flows from operating activities before changes in non-cash working capital(1) of $0.22 per share for the fourth quarter or $165.3 million and $0.94 per share for the full year or $707.9 million.
• Cash flows from operating activities after changes in non-cash working capital of $0.25 per share for the fourth quarter or $184.8 million and $0.87 per share for the full year or $653.1 million.
• General and administrative expenses of $135.3 million, a decrease of 7% year over year.

OPERATIONAL -- Costs stabilizing at industry low levels
• Production of 1.2 million gold equivalent ounces (GEO)(3) , at all-in sustaining cash costs (“AISC”)(1,4) on a co-product basis for the full year were $947 per GEO and $814 per GEO on a by-product basis.
• Gold production of 1.03 million ounces
• Silver production of 8.4 million ounces
• Production in the fourth quarter of 303,768 GEO at AISC of $935 per GEO on a co-product basis and $754 per GEO on a by-product basis.
• AISC on a co-product basis for the last three quarters was $924 per GEO, exceeding expectations of the cost containment initiative announced in the second quarter.
• Cash costs(1) for 2013 of $596 per GEO on a co-product basis and $410 per GEO after by-product credits which is consistent with previous guidance.
• Cash costs for the fourth quarter of $647 per GEO on a co-product basis and $417 per GEO after by-product credits .

http://www.kitco.com/pr/1267/article_02182014194136.pdf
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