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Last C$2.26 CAD
Change Today +0.01 / 0.44%
Volume 3.8M
YRI On Other Exchanges
Symbol
Exchange
New York
Toronto
As of 4:00 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

yamana gold inc (YRI) Snapshot

Open
C$2.26
Previous Close
C$2.25
Day High
C$2.28
Day Low
C$2.20
52 Week High
09/4/14 - C$8.83
52 Week Low
09/4/15 - C$2.20
Market Cap
2.1B
Average Volume 10 Days
7.3M
EPS TTM
C$-0.61
Shares Outstanding
946.5M
EX-Date
09/28/15
P/E TM
--
Dividend
C$0.06
Dividend Yield
4.28%
Current Stock Chart for YAMANA GOLD INC (YRI)

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yamana gold inc (YRI) Details

Yamana Gold Inc. engages in gold mining and related activities, including exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas. Its portfolio includes seven operating gold mines, such as Chapada (copper/gold), El Peñón (gold/silver), Canadian Malartic Mine (gold/silver), Jacobina(gold), Gualcamayo(gold), Minera Florida (gold/silver/zinc), Fazenda Brasileiro, and Mercedes (gold/silver), as well as a 12.5% indirect interest in the Alumbrera mine (copper/gold/molybdenum); and various development stage projects and exploration properties in Brazil, Chile, Argentina, Mexico, and Canada. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in July 2003. Yamana Gold Inc. was founded in 1980 and is headquartered in Toronto, Canada.

Founded in 1980

yamana gold inc (YRI) Top Compensated Officers

Founder, Executive Chairman and Chief Executi...
Total Annual Compensation: $1.3M
President and Chief Operating Officer
Total Annual Compensation: $466.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $448.4K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $288.4K
Senior Vice President of Business Development
Total Annual Compensation: $377.7K
Compensation as of Fiscal Year 2014.

yamana gold inc (YRI) Key Developments

Yamana Gold, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Operating, Capital Expenditure and Depreciation, Depletion and Amortization Guidance for the Full Year of Fiscal 2015

Yamana Gold, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced revenue of $455.0 million compared to $443.8 million for the same period a year ago. Mine operating earnings were $58.4 million compared to $80.8 million for the same period a year ago. Net loss from continuing operations was $7.0 million or $0.01 per share compared to net earnings from continuing operations of $15.7 million or $0.02 per share for the same period a year ago. Adjusted loss from continuing operations was $8.3 million or $0.01 per share compared to adjusted earnings from continuing operations of $49.9 million or $0.06 per share for the same period a year ago. Cash flow generated from continuing operations after changes in non-cash working capital was $123.4 million or $0.13 per share compared to $143.0 million or $0.18 per share for the same period a year ago. Cash flow from operations before changes in non-cash working capital was $149.3 million or $0.16 per share compared to $149.0 million or $0.19 per share for the same period a year ago. Adjusted loss and mine operating earnings for the period were impacted by lower realized metal prices of approximately 8% for gold, 18% for silver and 6% for copper and higher cash costs, partially offset by higher sales volume. Exploration and evaluation expenses were $4.0 million, compared to $4.3 million for the same period of 2014, or 7% lower. For the six months, the company announced revenue of $913.0 million compared to $797.8 million for the same period a year ago. Mine operating earnings were $98.6 million compared to $114.0 million for the same period a year ago. Net loss from continuing operations was $142.3 million or $0.15 per share compared to $15.7 million or $0.02 per share for the same period a year ago. Adjusted loss from continuing operations was $45.8 million or $0.05 per share compared to adjusted earnings from continuing operations of $59.9 million or $0.08 per share for the same period a year ago. Cash flow generated from continuing operations after changes in non-cash working capital was $125.4 million or $0.14 per share compared to $173.8 million or $0.23 per share for the same period a year ago. Cash flow from operations before changes in non-cash working capital was $245.3 million or $0.26 per share compared to $243.0 million or $0.32 per share for the same period a year ago. Net debt at the end of the period was $1,740 million compared to $1,869 million for the same period a year ago. The company provided operating, capital expenditure and depreciation, depletion and amortization guidance for the full year of fiscal 2015. For the year, the company expects to deliver production of 1.30 million ounces of gold, 9.6 million ounces of silver and 120 million pounds of copper. Gold production is expected to consist of approximately 1.17 million ounces of gold from the company's core operations, and approximately 130,000 ounces attributable to Brio Gold. Consistent with prior years, the company expects higher gold production in the second half of the year compared to the first half of the year, which is expected to be over 15% higher, most of which will come from production improvements at Mercedes and Jacobina along with increases in production at Gualcamayo, Chapada and Canadian Malartic. Overall, the company expects improved operating results for the remainder of 2015 and production growth into the next several years. For the year, expansionary capital spending is expected to be approximately $90 million to $140 million. Exploration spending is expected to be approximately $98 million. Depreciation, depletion and amortization expected to be approximately $570 million or approximately $395 per ounce of gold and $6 per ounce of silver.

Yamana Gold, Inc. Provides an Exploration Update for Chapada and Jacobina Mines

Yamana Gold, Inc. provided an exploration update for its Chapada and Jacobina mines. Results from the recent exploration programs at these mines continue to support a positive operational outlook and strong long-term potential for these operations. Significant results to date from the company's Brazilian exploration program include: Chapada - exploration drilling at the recently discovered Sucupira target continues to support the extension of the high grade gold and copper core, and surrounding moderate to low grade gold and copper halo to the southwest. Jacobina - the infill drill program is returning assay results at or significantly above reserve grade along mineable widths at Canavieiras Sul, Norte and within the Morro do Vento mine complexes. At Chapada, Brazil, during the first half of 2015, over 4,230 metres of exploration drilling was completed in 12 holes at the Sucupira target in support of the objective of further testing the target that was discovered in 2014. The Sucupira target is located 200 to 300 metres beneath the surface, aligned northeast to southwest and immediately parallels the main Chapada pit, potentially accessible from the pit bottom. The Sucupira mineral body is comprised of a high grade gold and copper cigar-shaped core surrounded by a broad, low grade halo. The high grade core is associated with quartz veins and contains chalcopyrite, pyrite and bornite. The bulk mineralization surrounding the high grade core has grade and thickness similar to those at Chapada and Corpo Sul. Drilling at Sucupira has intersected mineral intervals along a 1.1 kilometer northeast-southwest trend and supports the extension of the Cava Norte mineral body for a minimum of 1.5 kilometers to the southwest. This mineral trend remains open to the southwest and to depth. The 2015 exploration drill program has confirmed continuity of the mineralization zone with numerous high grade intercepts. Exploration at Jacobina in 2015 is focused on infill drilling of certain high grade zones in support of advancing development into the high grade areas of the mine and to test down dip extensions of these higher grade areas. Advancing exploration and development of the high grade areas identified as Canavieiras Norte and Sul and Morro do Vento has been a priority at Jacobina. During the first half of 2015, over 7,200 metres of infill drilling was completed in 66 holes at the Jacobina mine. The objective of the infill drilling program is to improve geologic knowledge and mineral continuity in support of mineral resource conversion and mineral reserve delineation. The specific goal of the infill drill program at Canavieiras Norte and Sul and Morro do Vento is to better define the mineralized reefs found within the Upper Conglomerate units of the Serra Di Corrego Formation. The infill program will outline the ore bodies at a nominal 30 metre by 30 metre grid with locally tighter spacing. Results received to date are encouraging, with many holes reporting composite grades at or above reserve grade with some local intercepts reporting significantly higher than reserve composite grades. The recent infill drilling campaigns at Jacobina are particularly encouraging given that the targeted zones are areas close to existing infrastructure and/or areas already having development plans in place. In addition to the infill program, an exploratory drill program began late in the second quarter to test for the deep, down dip extensions of the prolific Main Reef ore bodies mined at Jo o Belo and Morro do Vento. The four hole program will test the Morro do Cuzcuz and Canavieiras Norte and Sul mines for the Main Reef to depths approaching 1,000 metres below the surface.

YAMANA GOLD INC. Declares Third Quarter Dividend, Payable on October 14, 2015

YAMANA GOLD INC. declared third quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on September 30, 2015 will be entitled to receive payment of this dividend on October 14, 2015. The dividend is an 'eligible dividend' for Canadian tax purposes.

 

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