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BRIEF-Yamana Gold Reports Strong Third Quarter 2020 Financial Results

Published 2020-10-29, 05:54 p/m
© Reuters.
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Oct 29 (Reuters) - Yamana Gold Inc YRI.TO :

* YAMANA GOLD REPORTS STRONG THIRD QUARTER 2020 FINANCIAL RESULTS; HIGHEST OPERATING CASH FLOWS SINCE 2015 OF $215.0 MILLION; YEAR-OVER-YEAR FREE CASH FLOW UP MORE THAN 300%; NET DEBT DECLINES A FURTHER $148.9 MILLION

* Q3 ADJUSTED EARNINGS PER SHARE $0.10

* Q3 EARNINGS PER SHARE $0.06

* Q3 EARNINGS PER SHARE ESTIMATE $0.06 -- REFINITIV IBES DATA

* YAMANA GOLD - WITH ITS PRELIMINARY OPERATING RESULTS IN OCT , CO INCREASED ITS 2020 PRODUCTION GUIDANCE TO 915,000 GOLD EQUIVALENT OUNCES

* QTRLY REVENUE $439.4 MILLION VERSUS $357.8 MILLION

* YAMANA GOLD - INCREASED ITS 2020 PRODUCTION GUIDANCE TO 915,000 GOLD EQUIVALENT OUNCES FROM PREVIOUS GUIDANCE OF 890,000 GEO, AN INCREASE OF 3%

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* YAMANA GOLD - GOLD PRODUCTION AND SILVER PRODUCTION GUIDANCE HAVE INCREASED FROM PREVIOUS GUIDANCE BY APPROXIMATELY 1% AND 6%, RESPECTIVELY

* QTRLY AVERAGE REALIZED SILVER PRICE PER OUNCE $24.58 VERSUS $17.10

* YAMANA GOLD - FOR Q4, WHICH IS EXPECTED TO BE THE STRONGEST PRODUCTION QUARTER OF THE YEAR, THE COST PER OUNCE IS EXPECTED TO DECREASE

* QTRLY SILVER OUNCES PRODUCED 3.04 MILLION OUNCES VERSUS 2.48 MILLION OUNCES

* QTRLY TOTAL GOLD PRODUCTION 201,772 MILLION OUNCES VERSUS 208,152 MILLION OUNCES

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