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Yamana Gold Q2 Adj. Net Earnings Rise

Yamana Gold Inc. (AUY,YRI.TO) reported that its second-quarter adjusted net earnings were $63.3 million or $0.07 per share compared to adjusted net earnings of $19.8 million or $0.02 per a year earlier.

Net earnings were nil or nil per share compared to net earnings of $14.1 million or $0.01 per share a year earlier.

The company announced it has increased its annual dividend by a further 12% to $0.07 per share.

Revenue was $303.4 million compared to $463.5 million in the previous year.

The company reiterated its 2020 production guidance of 890,000 gold equivalent ounces, comprised of 786,000 ounces of gold and 10.25 million ounces of silver.

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