Yamana Gold Reports Strong First Quarter Production and Cash Flows; Increases Earnings and Further Reduces Net Debt; Raises Annual Dividend by a Further 25%
Yamana Gold Inc. Ordinary Shares (Canada) (AUY)
Last yamana gold inc. ordinary shares (canada) earnings: 4/30 07:15 am
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US:NYSE Investor Relations:
yamana.com/english/investors/investor-overview/default.aspx
Company Research
Source: GlobeNewswire
TORONTO, April 30, 2020 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) is herein reporting its financial and operational results for the first quarter of 2020. The Company posted strong quarterly production and free cash flow while further reducing net debt. The Company has updated its 2020 guidance a separate announcement relating to which will follow. FIRST QUARTER HIGHLIGHTS Strong Net Earnings and Cash Flow, Further Reduction in Net Debt Net earnings of $45.0 million or $0.05 per share basic and diluted compared to a net loss of $4.1 million or nil per share basic and diluted a year earlier.(1)Adjusted net earnings(1) of $47.2 million or $0.05 per share basic and diluted compared to adjusted net earnings of $24.0 million or $0.03 per share basic and diluted a year earlier.Strong quarterly cash flows from operating activities of $129.4 million, and cash flow from operating activities before net change in working capital of $164.6 mil
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