UPDATE: Yamana Gold Announces First Quarter Results; Shrs Down 1% in U.S. Premarket

By
A A A

YAMANA GOLD INC. (YRI.TO) today announced its financial and operating results for the first quarter 2012.

HIGHLIGHTS FOR THE FIRST QUARTER 2012

- Production of 278,832 gold equivalent ounces ( GEO ), at cash costs of $292 per GEO

- Gold production of 234,532 ounces.

- Silver production of 2.2 million ounces.

- Generated cash margin of US$1,404 per ounce.

- Significant financial and operational results over the first quarter 2011.

- Production increased 4% to 278,832 GEO

- Revenue increased 18% to $560 million

- Net earnings increased 15% to $170 million, $0.23 per share

- Adjusted earnings(2) increased 21% to $184 million, $0.25 per share

- Cash flow generated from operations of $220 million, $0.30 per share

- Cash and cash equivalents were $868 million .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: GEO

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

107,362,713
  • $3.93 ▲ 2.88%
70,445,432
  • $7.275 ▼ 6.25%
56,819,245
  • $30.49 ▼ 6.27%
52,183,218
    $22.805 unch
51,451,444
  • $15.29 ▼ 1.86%
47,055,775
  • $95.76 ▼ 2.44%
41,659,745
  • $45.1499 ▼ 2.48%
39,441,326
  • $95.065 ▼ 1.97%
As of 7/31/2014, 03:33 PM