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Exploration|Gold|Projects|Environmental
Exploration|Gold|Projects|Environmental
exploration|gold|projects|environmental

Gold miner Yamana is admitted to trading on LSE

13th October 2020

By: Marleny Arnoldi

Deputy Editor Online

     

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TSX- and NYSE-listed Yamana Gold started trading on the LSE’s main market on Tuesday.

Founder and executive chairperson Peter Marrone said that there were compelling reasons to invest in the Canada-based gold producer.

“We offer gold exposure via a high-quality, long-life asset portfolio in the Americas, organic production growth, a commitment to providing and increasing cash returns to shareholders, and a commitment to adhering to high ESG [environmental, social and governance] standards.”

The LSE listing of the company’s shares provides investors with access and exposure to five precious metal producing mines, with a production platform of about one-million gold equivalent ounces (GEO) expected in 2021 and 2022, within a low production cost structure.

The company also has a portfolio of advanced development projects, highly prospective exploration properties and strategic investments throughout the Americas, including in Canada, Brazil, Chile and Argentina.

Yamana has a track record of delivering cash returns to shareholders, with dividends having accumulated to almost $1-billion since it first starting paying dividends 13 years ago.

Last week, Yamana announced that it would increase its yearly dividend by a further 50% to $0.105 a share, effective for the fourth quarter. At the new rate, the dividend will be 425% higher than the dividend level 18 months ago.

The company has also established a policy of representing the dividend on a per GEO basis, with the objective of maintaining the dividend at between $50/GEO to $100/GEO. This increase positions the dividend at the high end of the range at $100/oz.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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