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Yamana Gold Inc. (NYSE: AUY) is set to release its second quarter 2022 operational and financial results on July 28, 2022, after market close. A conference call to discuss these results will take place on July 29, 2022, at 9:00 a.m. EDT. Additionally, the company plans to provide a pre-release of second-quarter production figures and updates on optimizations on July 7, 2022. Yamana Gold operates across the Americas, focusing on gold and silver production, with ongoing expansion and optimization initiatives.
Gold Fields Limited has announced an acquisition of Yamana Gold Inc. in a move to create a top-4 global gold major. Valued at $6.7 billion, the transaction offers a 33.8% premium on Yamana's 10-day VWAP, enhancing financial and operational capacity through complementary cash flows and growth profiles. The combined entity will be headquartered in Johannesburg with diverse operations across multiple countries. Gold Fields shareholders will own approximately 61%, while Yamana shareholders will hold about 39% of the new company, which is expected to deliver significant long-term value through synergies and a stronger asset portfolio.
Gold Fields and Yamana Gold have announced a definitive agreement for Gold Fields to acquire all outstanding shares of Yamana in a deal valued at US$6.7 billion. The transaction, structured as an all-share offer, provides Yamana shareholders with a 33.8% premium over its recent share price. The combined entity, headquartered in Johannesburg, will enhance operational capacity and geographical diversification with assets in South Africa, Ghana, Australia, Canada, and South America. The deal aims to create a top-4 global gold producer, unlocking growth potential and improving shareholder returns.
Yamana Gold reported strong financial results for Q1 2022, producing 238,617 gold equivalent ounces (GEO) with cash costs of $734 and all-in sustaining costs (AISC) of $1,084 per GEO. The company achieved net earnings of $57.8 million ($0.06 per share) and generated $151.7 million in cash flows from operations. Notably, Cerro Moro produced 44,801 GEO, marking a 27% year-over-year increase. The firm anticipates increased free cash flow in the latter half of the year, supported by disciplined capital allocation strategies.
Yamana Gold Inc. (NYSE: AUY) has declared a second quarter dividend of $0.03 per share, totaling $0.12 annually. Shareholders of record by June 30, 2022 will receive payment by July 14, 2022. This dividend qualifies as an eligible dividend for Canadian tax purposes. Yamana is a significant producer of precious metals operating across the Americas, with plans for expansion and optimization of existing mines and potential acquisition opportunities.
Yamana Gold Inc. (NYSE: AUY; TSX: YRI) will announce its first quarter 2022 operational and financial results on April 27, 2022, after market close. This will be followed by a conference call on April 28, 2022, at 8:30 a.m. EDT. Additionally, the company's Annual Meeting of Shareholders is scheduled for the same day at 11:00 a.m. EDT, which will be accessible both in-person and online. Shareholders are encouraged to vote in advance to ensure representation at the meeting.
Yamana Gold Inc. (NYSE: AUY) announced record fourth quarter and full year 2021 results, with GEO production reaching 281,388 and 1,011,180, respectively, both exceeding guidance. The fourth quarter net earnings totaled $109.7 million ($0.11/share). Cash flows from operations were at a record $238.2 million, up 25% from the previous quarter. The company reported AISC of $962 per GEO and aims for sustainable production growth. Additionally, its mineral reserves totaled 13.7 million ounces of gold, supporting long-term outlook. Yamana intends to advance the Wasamac project and continue expansion strategies at its Jacobina and Cerro Moro mines.
Yamana Gold Inc. (NYSE: AUY) has released its production guidance for 2022-2024, maintaining a target of at least 1,000,000 gold equivalent ounces (GEO) for 2022 and increasing expectations to 1,030,000 GEO for 2023 and 1,060,000 GEO for 2024. Cost management remains a focus, with total costs projected to be $1,215 per GEO for 2022. The company anticipates a continuous decline in average production costs driven by efficiencies at its Jacobina operation. Exploration successes bolster the ten-year outlook, indicating potential production growth to 1,500,000 GEO over time.
