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...

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...

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 now to raise C$135m in share sale

Canadian gold-miner Yamana Gold plans to raise C$135-million in a bought-deal financing, to fund ongoing operating and working capital requirements, as well as potential debt reduction, the firm announced on Wednesday.

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...

Yamana sees continued output growth

Toronto-based Yamana Gold, which was established five years ago this week, expects to increase production by 470 000 gold-equivalent ounces in 2009, CEO Peter Marrone said on Thursday. Given that the company maintained its output guidance of...

Yamana profit falls 20% to $42,1m on foreign exchange loss

Canadian gold-miner Yamana Gold reported net income of $42,1-million, compared with $57,8-million a year earlier, after higher costs and foreign exchange losses related to the strengthening of the Brazilian real against the US dollar, as well as...