Yamana Gold Hanging onto 2% Gain on Q2 Earnings Rise; $0.25 Adjusted EPS vs. $0.12

Yamana Gold (YRI.TO) is getting hit in the broader decline for stock today but remains ahead 1.8% for the session at $13.52 a share in TSX trade after reporting adjusted earnings of $186.2 million, or 25 cents a share, up from an $84 million profit last year.

Yamana also said it still is on course to produce between 1.04 million to 1.14 million ounces of gold during 2011. The company produced 278,000 ounces during Q2, up 10% from year-ago levels, at an average realized price of $1,500 an ounce.

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

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