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BRIEF-Yamana Gold announces third quarter 2015 results

Published 2015-10-29, 05:28 p/m
© Reuters.  BRIEF-Yamana Gold announces third quarter 2015 results
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Oct 29 (Reuters) - Yamana Gold Inc YRI.TO :

* Announces third quarter 2015 results
* Q3 adjusted loss per share $0.02 from continuing operations
* Q3 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S
* Q3 average realized gold price per ounce $ 1,122 versus $1,276 last year
* Q3 average realized silver price per ounce $14.88 versus $19.27 last year
* Q3 average realized copper price per pound $2.85 versus $3.14 last year
* Q3 gold produced 325,897 ounces versus 332,342 ounces last year
* Q3 total copper produced at Chapada 34.0 million pounds versus 38 million
pounds last year
* Qtrly revenue $448.9 million versus $494.4 million
* Q3 silver produced 2.20 million ounces versus 2.9 million ounces last year
* Consolidated fourth quarter production levels are expected to exceed third
quarter production levels
* Says in 2015, the company expects to deliver gold production in line with
previous guidance
* Sees 2015 annual copper production is expected to exceed guidance of 120
million pounds
* Sees 2015 silver production is expected to come in under guidance of 9.6
million ounces
* Company expects higher gold production in the second half of the year
compared to the first half of the year
* Sees consolidated fourth quarter production levels are also expected to
exceed third quarter production levels
* Sees 2015 production increases to come from increases in production
improvements at Mercedes, El Penon, Gualcamayo and Chapada
* Cash costs are expected to be lower in the second half of the year compared
to the first half of the year
* Consistent with expected gold production increases, cash costs expected to be lower in the second half of year compared to first half
* Company continues to pursue its planned monetization of Brio Gold
* Advancing on number of strategic alternatives including IPO,reverse
takeover,JV with private equity firms,mergers,financing options

* Source text for Eikon ID:nCCN3jxCWS

* Further company coverage YRI.TO

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