Market Scheming

Wednesday, November 2, 2011

Yamana Gold (TSX: YRI) (NYSE: AUY) - Q3 Results released 11/2/2011

Yamana Gold (TSX: YRI)  (NYSE: AUY) - Q3 Results released 11/2/2011

Highlights: Yamana Gold Announces Third Quarter 2011 Results
  • REVENUE INCREASES 22%
  • OPERATING CASH FLOW INCREASES 57%
  • RECORD ADJUSTED EARNINGS INCREASES 63% 
Yamana Gold CEO Peter Marrone said:
“We continued to focus on delivering growth across all measures, enhancing shareholder value and generating significant cash flow in the third quarter,” 
 Production Highlights:
The miner sold 214,980 ounces of gold, 2.6 million ounces of silver and 38.7 million pounds of copper in the quarter compared with 217,094 ounces of gold from continuing operations, 2.5 million ounces of silver and 43.5 million pounds of copper from continuing operations a year ago.
 Dividend Highlights
The gold miner said it would now pay a quarterly dividend of 5 cents per share, up from 4.5 cents last month and 3 cents in April.



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