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Yamana Gold Inc - Toronto, Canada-based mining company - Says revenue falls to $422.4 million for the three months ended September 30 from $452.2 million a year ago, as total cost of sales increase to $317.3 million from $298.2 million. Mine operating earnings amounts to $103.4 million, down from $154.0 million a year ago.
Production totals 241,302 gold equivalent ounces during the quarter. Expects to achieve its annual production guidance of 1 million gold equivalent ounces. Says gold production of 216,673 ounces has exceeded plan, following standout performances from Canadian Malartic with 75,262 ounces and Jacobina with 50,113 ounces. Says silver production of 2,212,765 ounces was in line with plan.
Yamana Gold says the quarterly average realised silver price falls to $19.31 per ounce from $24.23 a year ago, and the quarterly average realised gold price falls to $1,728 per ounce from $1,789.
Current stock price: 405.00 pence, up 1.3% on Friday
12-month change: up 30%
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