Yamana affirms full-year guidance
Canadian gold miner Yamana has reported strong third-quarter results from its operations, keeping the company on track to achieve its guidance for the year of one-million gold-equivalent ounces (GEOs).
The group’s third-quarter results were underpinned by “standout” performances from Canadian Malartic, Jacobina, El Penon and an “exceptional” quarter from Cerro Moro.
Yamana reported GEO production of 256 464, including 255 556 oz of gold and 2.27-million ounces of silver. This was the second highest all-time GEO production total for Yamana mines, on the back of a solid gold performance. Record-breaking GEO production is forecast for the fourth quarter, as gold output is expected to reach an all-time quarterly high.
The mining company posted net earnings of $27-million, or $0.03 a share, and adjusted net earnings of $69.7-million, or $0.07 a share. In the prior-year period, Yamana posted net earnings of $55.6-million, or $0.06 a share.
Revenue increased to $452.2-million, from $439.4-million a year earlier. The company reported revenue for each ounce of gold sold of $1 789/oz, while revenue for each ounce of silver remained steady at $24.23/oz.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation