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’s Marrone not keen on gold-linked dividend

While Yamana Gold CEO Peter Marrone said on Thursday he saw some merit in a gold price-linked dividend, his company won’t be following in Newmont’s footsteps in implementing such a policy. Speaking on the Toronto-based gold miner’s...

Yamana lifts dividend on 62% Q3 adjusted earnings increase

Canada’s Yamana Gold said on Wednesday it raised its quarterly dividend to $0.05 a share, a 67% increase over the last 12 months. The company also reported a 17% drop in net earnings for the third quarter to $ 115-million, mainly as a result of...

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 raises dividend again, hikes exploration budget

Canada's Yamana Gold increased its dividend payment for the fourth time in a little over a year, and will also spend 25% more on exploration this year, the company said on Tuesday. Yamana, which is benefiting from high gold and copper prices, has...

Xstrata, Goldcorp and Yamana announce Agua Rica pact

Toronto-based Yamana has signed an agreement with Xstrata Copper and Goldcorp that would facilitate the ultimate integration of its Agua Rica project in Argentina into Minera Alumbrera. Minera Alumbrera is a joint venture between Xstrata Copper,...

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...

Yamana Q4 earnings jump on prices

Toronto-based gold and copper miner Yamana Gold increased fourth-quarter adjusted earnings by more than 70% year-on-year, after prices for gold, silver and copper all increased. The company reported adjusted net income of $173-million, compared...

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 expects growth to 1,7Moz/y, more to come

Toronto-based Yamana Gold expects to produce at a rate of 1,5-million gold-equivalent ounces a year by the end of 2012, and will boost output even further, to 1,7-million ounces a year over the next 12 months or so, just based on the projects for...

Yamana almost doubled Q3 profit, hikes dividend again

Toronto-based Yamana Gold earned $120,7-million in the third quarter, an increase of 98% from a year earlier, helped by higher prices for both gold and silver, and announced its third dividend increase for the year. Revenue rose 36%, to...

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...