YAMANA GOLD $12.93 (Toronto symbol YRI; SI Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 733.3 million; Market cap: $9.5 billion; Dividend yield: 0.3%) owns six operating gold mines in Brazil, Chile and Argentina. It also holds interests in five properties that are still under development.
In the three months ended September 30, 2009, Yamana posted revenue of $333.2 million. That’s up 50.3% from $221.6 million a year earlier. (All figures except share price and market cap in U.S. dollars.) Earnings per share (excluding one-time items) tripled, to $0.12 from $0.04. Cash flow per share rose 64.2%, to $0.23 from $0.14.
Record high production and gold prices were the main reasons for the gains. The company produced 314,707 ounces of gold in the latest quarter, up 33.7% from 235,406 a year earlier. The rise is partly because it started production at the Gualcamayo mine in Argentina.
In June, Yamana sold its San Andres mine in Honduras, as well as the Sao Francisco and Sao Vicente…
Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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