Yamana Gold boosts profit by 15%

TSX- and LSE-listed Yamana Gold on Tuesday reported first-quarter earnings rose by 15% to $170-milion, or $0.23 a share, on the back of increased production and higher prices achieved for its products. CEO Peter Marrone said production climbed by...

Yamana Q2 earnings surge 178% to $195m

Yamana Gold, which owns mines in Brazil, Chile and Argentina, on Wednesday posted record second quarter net earnings of $194.7-million, beating the figure for the same period a year ago by 178% as production climbed and bullion prices soared....

Yamana Q1 profit rises

Toronto-based Yamana Gold increased first-quarter net income by 11% compared with a year earlier, helped by higher metals prices and increased production. Net income rose to $148-million, from $132-million a year ago.

Yamana eyes next round of projects, expects news on Agua Rica this year

Toronto-based Yamana Gold, which plans to start up four new mines in the next years, is also putting increasing focus on earlier-stage projects that will form the next round of production growth. Yamana currently operates mines in Brazil, Chile...

Suruca gold project, Brazil

The project is expected to increase gold production at the Chapada mine to around 146 000 oz/y for an initial six years.

Yamana sees 2013 output from Chapada gold find

Toronto-based Yamana Gold expects to start production in 2013 from its Suruca project, a new gold discovery about 6 km north-east of the company's Chapada mine in Brazil. Yamana has completed a prefeasibility study on developing Suruca, which is...

Yamana to reposition Chapada as 'gold/copper' mine after new discovery

Toronto-based Yamana Gold will reposition its Chapada copper/gold mine in Brazil as a gold/copper operation instead, after discovering a new gold mineralised area last year. The company believes it can get at least a million mineable ounces of...

Vaaldiam trims diamond output guidance

TSX-listed Vaaldiam Mining has lowered its 2010 production forecast from the Duas Barras mine in Brazil, which is expected to reach full production by the end of September. The company, previously called Tiomin Resources, changed its name after...

Tiomin shareholders OK Vaaldiam acquisition, name change

Shareholders of TSX-listed Tiomin Resources have approved the company's plan to buy diamond-miner Vaaldiam Resources and a name change to 'Vaaldiam Mining'. Vaaldiam investors also voted to approve the acquisition, the company reported.

Lots of room for organic growth – Yamana chief

Toronto-based Yamana Gold expects to add around 500 000 gold-equivalent ounces to its annual production in the next four years or so, as it builds new mines and expands output at others. Yamana, which bought rival Meridian Gold and the smaller...

Yamana CEO sees more upside for gold, silver than copper

Gold prices are likely to continue to rise, and will probably outpace any gains in the copper market, the CEO of Yamana Gold, which produces both metals, said on Wednesday. “I am going to stand on the pulpit, and tell you that I think that...

Yamana Gold profit jumps

Canadian gold-miner Yamana Gold reported a 401% increase in third-quarter net earnings, to $150,2-million, compared with $29,95-million a year earlier, after gold and copper production rose. Yamana, which bought rival Meridian Gold and the...