Investors applaud Yamana Gold’s Q4 results

Fazenda Brasileiro, one of the mines operated by Yamana’s subsidiary Brio Gold.

Yamana Gold’s (AUY) stock rebounded 4.65% in after-hours trading on Thursday after the miner announced Q4 and FY 2018 results.  During regular trading hours, Yamana closed down 1.1% in line with the weaker overall market.

Yamana’s gold equivalent ounce production for the fourth quarter was 310,369, including 270,193 ounces of gold and 3.26 million ounces of silver.  Total Yamana gold production was 292,484 ounces, and 39 million pounds of copper.

Full year GEO production from Yamana Mines was 1,041,350, including 940,619 ounces of gold and 8.02 million ounces of silver. 

Full year GEO production was 1,041,350, including 940,619 ounces of gold and 8.02 million ounces of silver.  Full year copper production was 129.2 million pounds.

Full year gold and copper production exceeded the higher guidance levels set in October of last year while full year silver production exceeded the lower guidance provided at that time. Original guidance set in February 2018 was for 900,000 ounces of gold, 120 million pounds of copper and 8.15 million ounces of silver.

Yamana also declared a first quarter 2019 dividend of $0.005 per share. Shareholders of record at the close of business on March 29, 2019 will be entitled to receive payment April 12, 2019.

 

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