logo
Share SHARE
FONT-SIZE Plus   Neg

Yamana Gold Provides Preliminary 2012 Operating Results - Quick Facts

Yamana Gold Inc. (AUY: Quote,YAU.L,YRI.TO) provided preliminary operational results for the fourth-quarter and the full year 2012, and updated the company's outlook for 2013 - 2015.

Production during the fourth-quarter 2012 reached a record level of 322,800 GEO, at costs consistent with guidance. For the full year ended December 31, 2012, total production for the Company was also a record of over 1.2 million GEO consisting of 1.02 million ounces of gold and 9 million ounces of silver.

Production in 2013 is expected to be in the range of 1.44 - 1.60 million GEO. This will be an increase of at least 20% over 2012 production, which is expected to be delivered through quarter over quarter growth and similar to 2012, production in the second half of 2013 will exceed production in the first half of the year.

Production in 2014 is expected to increase by at least 33% from 2012 levels to a range of 1.60 - 1.77 million GEO. This increase will be in part due to a full year of production from C1 Santa Luz, Ernesto/Pau-a-Pique and Pilar, the Gualcamayo expansion, and the Suruca oxide and Corpo Sul expansions at Chapada.

Silver production is expected to be consistent at between eight to nine million ounces in each of 2013 and 2014.

Planned production beginning in 2014 and continuing into 2015 is targeted at a sustainable level of 1.75 million GEO per year.

Expansionary capital spending for 2013 is expected to be $470 million.

Expansionary capital spending is expected to decline significantly in 2014 as the projects currently in development will be complete and there are currently no other projects for which positive construction decisions have been made.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
RELATED NEWS
Trade AUY now with 
Follow RTT