Florida mine, Chile

An underground mine, situated in Chile

Yamana counts down to 3 new mines in 2012

Canada's Yamana Gold, which currently produces about a million ounces a year of gold-equivalent metal (gold plus silver), will boost output levels by almost 50% by the end of 2012, CEO Peter Marrone confirmed on Tuesday. The company will start up...

Argonaut owns 91% of Castle Gold

Privately-owned Argonaut Gold now owns about 91,25% of Castle Gold, the companies reported on Wednesday. Argonaut will pay C$1,29 apiece for the shares tendered into its friendly takeover offer, which expired at midnight on Tuesday.

Yamana not planning to buy or sell mines

Toronto-based Yamana Gold will focus on optimising its mines and moving projects through the pipeline, rather than acquiring new assets, CEO Peter Marrone reiterated on Wednesday. He said the only acquisitions that would be considered are what he...

Yamana Q3 adjusted earnings rise

Canada's Yamana Gold on Tuesday reported net income of $60,8-million for the third quarter, down from $150,2-million a year earlier, when the company recorded a large unrealised gain on commodity derivatives. However, stripping out some once-off...

Castle enters support agreement with suitor Argonaut Gold

TSX Venture Exchange-listed Castle Gold has signed a support agreement with privately-owned Argonaut Gold, which is planning to offer at least C$1,25 a share for the company, and could increase the price if gold gets more expensive over the next...

Yamana Gold reports Q3 output rose 9%

Canada's Yamana Gold produced a best-ever 314 200 gold-equivalent ounces in the third quarter, the firm announced on Tuesday, an increase of 9% compared with the previous quarter and up 16% on output during the first three months of the year....

Yamana doesn't plan acquisitions in 'foreseeable future'

Toronto-based Yamana Gold plans to focus on internal growth opportunities, with any acquisitive activity limited to increasing its holdings around existing projects and prospects, CEO Peter Marrone said on Wednesday. “We are not in the game –...

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 undaunted by hefty project pipeline

Canadian gold-miner Yamana Gold looks likely have its hands full building mines for the foreseeable future, but CEO Peter Marrone indicated on Wednesday that he wouldn't have it any other way. With its two newest mines now heading towards...

Yamana Q1 earnings up 33%

Toronto-based gold producer Yamana on Tuesday increased first-quarter net earnings to $86-million, 33% higher than a year earlier. The company produced 271 482 gold-equivalent ounces (GEO, which includes gold and silver), an increase of 14%...

Yamana reports $179,4m profit for Q4

Toronto-based Yamana Gold earned $179,4-million in the last three months of 2008, compared with just $47,1-million a year earlier, after it increased output and benefited from rising gold prices. However, the firm did record a $74,1-million...