Updating YAMANA GOLD INC. and VERIGY LTD.

Article Excerpt

YAMANA GOLD INC. $10.28 (Toronto symbol YRI; SI Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 733.4 million; Market cap: $7.5 billion; Dividend yield: 0.4%) reports that its revenue soared 355.2% in the three months ended December 31, 2009, to $399.8 million from $87.8 million a year earlier. (All figures except share price and market cap in U.S. dollars). Earnings (before one-time items) shot up 716.7%, to $100.9 million from $12.4 million. Per-share earnings rose 600.0%, to $0.14 from $0.02, on more shares outstanding. Cash flow per share rose 320.0%, to $0.21 from $0.05. Record high production and gold prices were the main reasons for the gains. The company produced 325,252 ounces of gold in the latest quarter, up 27.7% from 254,774 a year earlier. The rise is partly because its new Gualcamayo mine in Argentina started producing gold in July 2009. The company holds cash of $170.1 million. Its $529.5 million of long-term debt is just 7% of its market cap. Yamana expects to…