Profiting from higher gold

Article Excerpt

YAMANA GOLD INC. $10.60 (Toronto symbol YRI; SI Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 741.0 million; Market cap: $7.9 billion; Dividend yield: 0.8%) reports that its cash flow per share rose 28.6% in the latest quarter, to $0.18 from $0.14. Yamana’s production rose 5%, to 253,264 ounces of gold. As well, the company sold its gold for an average of $1,201 an ounce in the latest quarter, up 30.3% from $932 an ounce a year ago. Yamana expects its 2010 gold production to rise 12%, to 1.145 million ounces from 1.03 million ounces in 2009. Yamana Gold is still a buy. buy…