Strong production at Yamana Gold 2Q

Yamana Gold is herein reporting its financial and operational results for the second quarter 2019. Second quarter results include strong gold and silver production highlighted by a second straight quarter of record production at Jacobina.

 

According to the report, a 7% year-on-year increase in production to 257,556, including 232,863 ounces of gold and 2.17 million ounces of silver. In-line cost guidance, including all-in sustaining costs of $941 per GEO and cash costs (3) of $670 per GEO.

 

“This was one of the more important and exciting quarters in Yamana’s history,” said Daniel Racine, President and Chief Executive Officer of Yamana. “We have embarked on a new era, significantly improving our balance sheet and financial flexibility, which will allow us to pursue our organic growth opportunities at a time when the metal price cycle appears to be turning.”

 

•