Friday, September 4, 2015

Yamana Gold Inc. - YRI.t

Yamana Gold Inc. - YRI.t operates significant gold production, development, and exploration properties in Brazil, Argentina, Chile, Mexico and Colombia.

The Company expects production of approximately 1.3 million ounces of gold and 9.6 million ounces of silver in 2015.





On July 30, 2015 the company released Numbers

"YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") is herein reporting its financial and operating results for the second quarter 2015, with some highlights provided as follows.

•Total gold production of 298,818 ounces representing a 7% increase in gold production from continuing operations compared to the second quarter of 2014; including ◦9% increase in gold production at core operations(1) compared to the second quarter of 2014. ◦Total gold production of approximately 604,000 ounces to mid-year.

•By-product all-in sustaining costs ("AISC")(2,3) of $896 per ounce of gold; including ◦$763 per ounce of gold at core operations.

•Production of 2.4 million ounces of silver at by-product AISC(2,3) of $10.72 per ounce. ◦Total silver production of approximately 4.9 million ounces to mid-year.

•33.6 million pounds of copper production at cash costs(2) of $1.39 per pound, representing a 21% decrease in cash costs compared to the second quarter of 2014. ◦Total copper production of approximately 60.5 million pounds to mid-year.

•Cash flows(2,4,5) from continuing operations before changes in non-cash working capital of $149.3 million or $0.16 per share; representing ◦56% increase compared to the first quarter of 2015; and
◦$0.33 of operating cash flows before changes in non-cash working capital per dollar of revenue generated in the second quarter, an increase of 57% from the first quarter of 2015.

•Cash flows from continuing operations after changes in non-cash working capital(5) for the second quarter of $123.4million or $0.13 per share. •A $4.6 million or 13% decrease in general and administrative expense compared to the second quarter of 2014.

•Adjusted loss from continuing operations(2) of $8.3 million or $0.01 per share; and ◦Net loss from continuing operations of $7.0 million or $0.01 per basic share.
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http://pennystockjournal.blogspot.com/2014/10/yamana-gold-inc-yrit.html



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