Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Yamana Gold Provides Preliminary 2012 Operating Results - Quick Facts

RELATED NEWS
Trade AUY now with 

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.

Register
To receive FREE breaking news email alerts for Yamana Gold Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Chinese authorities on Tuesday eased some rules for mortgages for buying a second home, in a bid to boost the housing market. The People's Bank of China and the China Banking Regulatory Commission said in a joint statement that buyers who already own one apartment, but have paid off the mortgage... The Reserve Bank of India kept its key rates unchanged once again as expected, citing upside risks to medium-term inflation target. The decision announced Tuesday meant that the repo rate was left unchanged at 8.00 percent for the fourth straight policy meeting. The repo rate is the rate at which the central bank lends to commercial banks. The Reserve Bank of India kept its key rates unchanged once again as expected, citing upside risks to medium-term inflation target. The decision announced Tuesday meant that the repo rate was left unchanged at 8.00 percent for the fourth straight policy meeting. The repo rate is the rate at which the central bank lends to commercial banks.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.