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Author Topic: AUY - Yamana Gold, Inc. - NYSE  (Read 10258 times)
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« Reply #30 on: July 31, 2014, 11:58:17 AM »


Yamana Gold Reports Strong Quarter, Returns to Profits in Q2

July 31, 2014

Higher production and lower costs helped Canadian-based gold miner Yamana Gold (TSX:YRI) (NYSE:AUY) beat expectations for the second quarter. In its second-quarter earnings released Wednesday, the company reported a 20% growth in production and an 84% increase in cash flow from the first quarter.

The report showed net earnings were $5.1 million, or 1 cent a share, in the quarter, compared with a net loss of $7.9 million, or 1 cent a share, the previous year. The company said it produced 331,765 of gold ounces in the quarter, up from 295,545 in the second quarter of 2013. The miner is present in South America, Mexico and Canada.

http://www.kitco.com/news/2014-07-31/Yamana-Gold-Reports-Strong-Quarter-Returns-to-Profits-in-Q2.html
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« Reply #31 on: October 02, 2014, 09:43:15 AM »


Yamana Gold Provides Corporate Update

--Record quarterly production in the third quarter of over 390,000 ounces--

October 2, 2014

YAMANA GOLD INC. today announced preliminary operating results for the third quarter 2014 and mid-year highlights from its 2014 exploration program. The Company achieved record quarterly production in the third quarter in excess of 390,000 gold equivalent ounces (“GEO”)(1) at all-in sustaining cash costs(2,3) within annual guidance range of between $825 and $875 per GEO. Significant contribution and increased production was mostly from Chapada, El Peñón, Canadian Malartic, Mercedes and Pilar. This increase represents an increase of over 17% over second quarter production levels. Fourth quarter production is expected to increase further with increases coming mostly from Chapada, El Peñón, Canadian Malartic, Mercedes, Pilar and Jacobina. Yamana continues to focus on its cornerstone operations from which it is deriving greatest increase in production at lowest cost.

Yamana’s focus on exploration at existing operations continues to be a key to unlocking further value and creating value for shareholders. The emphasis of the 2014 program has been infill drilling to do the work necessary to upgrade the significant inferred mineral resource increase of 2013 and will continue to focus on finding higher quality ounces, those with the greatest potential to most quickly generate cash flow. The Company’s exploration budget for 2014 is approximately $75 million with approximately $50 million having been spent through the end of August.

“The strategic direction of our 2014 exploration program is to focus on infill drilling to upgrade the significant mineral resource increase we achieved through last year’s program. Increasing mineral resources, and ultimately mineral reserves, at our existing operations is at the core of the value added by our exploration program,” commented William Wulftange, Senior Vice President, Exploration. “We are continuing to demonstrate success with our exploration program by delivering on the plan we set-out at the beginning of the year. Impressively, we have been able to deliver results with a budget that decreased substantially from the previous year as we focus on being ever more efficient with our exploration efforts in support of the Company wide cost containment initiatives.”

http://www.kitco.com/pr/1267/article_10022014080357.pdf
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« Reply #32 on: October 30, 2014, 11:31:31 AM »


Yamana 3Q Net Loss Tops $1 Billion, To Focus On 'Cornerstone' Assets

October 30, 2014

Yamana Gold Inc. has taken impairment charges on underperforming assets and will focus on its “cornerstone” ones  in an effort to create shareholder value, the company’s chief executive said Thursday.

The Canadian-based gold miner late Wednesday reported a net loss of $1.023 billion, or $1.17 per share, during the third quarter, compared to net earnings of $43.4 million, or 6 cents, during last year’s comparative quarter.

The company attributed the loss to non-cash charges related to the newly enacted Chilean tax changes, totaling $329.5 million, and an impairment charge on its C1 Santa Luz, Ernesto/Pau-a-Pique and Pilar assets, totaling $668.3 million. There was also a one-time charge of $17.9 million related to reorganization and demobilization costs for placing C1 Santa Luz on care and maintenance.

Excluding these special items, the adjusted loss in the quarter was $12.5 million, or 1 cent per share, compared to adjusted earnings of $69.5 million, or 9 cents per share, in the same period of 2013.

“As with any portfolio, some assets perform and some don’t, and some need more time and care to get there,” said Peter Marrone, chairman and chief executive officer, in a conference call to discuss the earnings results.

The company considers its “cornerstone” assets those that are performing well currently or should be within a couple of years, he continued.

http://www.kitco.com/news/2014-10-30/Yamana-3Q-Net-Loss-Tops--1-Billion-On-New-Chilean-Tax-Asset-Impairments.html
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« Reply #33 on: February 03, 2015, 10:53:02 AM »


Yamana Announces Closing of C$299.3 Million Equity Financing

February 3, 2015

Yamana announced today that it has closed its previously announced offering (the "Offering") of common shares of the Company (the "Offered Shares"). A total of 56,465,000 Offered Shares have been issued at a price of C$5.30 per Offered Share, for aggregate gross proceeds of C$299,264,500, which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 7,365,000 Offered Shares.

The Offered Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and National Bank Financial Inc., and included CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., Credit Suisse Securities (Canada), Inc., Raymond James Ltd., Citigroup Global Markets Canada Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., Morgan Stanley Canada Limited, and Barclays Capital Canada Inc.

The net proceeds of the Offering will be used to reduce debt under the Company's revolving credit facility.

http://finance.yahoo.com/news/yamana-announces-closing-c-299-143349306.html
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« Reply #34 on: February 19, 2016, 12:54:54 AM »



Yamana Gold Announces Fourth Quarter and Full Year 2015 Results

Feb. 18, 2016

YAMANA GOLD INC. is herein reporting its financial and operating results for the fourth quarter and full year 2015, and its mineral reserve and mineral resource estimate for the year ended December 31, 2015, with some highlights provided as follows.

OPERATIONAL HIGHLIGHTS
•Record total production of 1.28 million ounces of gold, including 345,788 ounces of gold in the fourth quarter of 2015, with record annual gold production from Canadian Malartic, Gualcamayo and Minera Florida; and ◦Fourth quarter production increases compared to the prior year of 18% at Chapada, 10% at Canadian Malartic, 15% at Gualcamayo and 37% at Jacobina.
•Cash costs(1) of $596 per ounce of gold for the full year and $541 per ounce for the fourth quarter.
•All-in sustaining costs ("AISC")(1,2) of $842 per ounce of gold for the full year and $753 per ounce of gold for the fourth quarter.
•Full year production of 9.0 million ounces of silver at cash costs of $7.12 per ounce and AISC(1,2) of $10.81 per ounce; including ◦2.0 million ounces at cash costs of $7.48 per ounce and AISC of $10.78 in the fourth quarter of 2015.
•Full year production of 131.0 million pounds of copper production at co-product cash costs(1) of $1.46 per pound at Chapada; including ◦36.6 million pounds at co-product cash costs of $1.30 per pound in the further quarter of 2015.

FINANCIAL HIGHLIGHTS
•Revenue from continuing operations of $1.8 billion for the full year and $463 million for the fourth quarter of 2015.
•Adjusted loss from continuing operations(2) for the full year of $73.7 million or $0.08 per share and $7.5 million or $0.01 per share for the fourth quarter.
•Net loss from continuing operations for the full year of $2.1 billion or $2.24 per basic share and $1.8 billion or $1.95 per basic share for the fourth quarter, including after-tax impairments of $1.8 billion.

http://www.marketwired.com/press-release/yamana-gold-announces-fourth-quarter-and-full-year-2015-results-tsx-yri-2098293.htm
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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