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Yamana Gold Inc. (NYSE: AUY) announced a first-quarter dividend of $0.03 per share, amounting to an annual dividend of $0.12 per share. This dividend will be payable on April 14, 2022, to shareholders on record by the end of business on March 31, 2022. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes. Yamana operates in the Americas, focusing on gold and silver production, with plans for further expansion and optimization of its mines.
Yamana Gold Inc. updated its mineral reserve and resource estimates as of December 31, 2021, highlighting a robust growth trajectory. The company achieved a 130% replacement of gold reserves across its operations, with significant contributions from Jacobina, which added 324,000 ounces, marking a 5% increase. The total gold reserves stand at 13.7 million ounces. The upcoming guidance announcement, due on February 17, 2022, is expected to reflect sustainable production growth, underpinning long-term outlooks. Major developments include the Wasamac project advancing towards first production by 2026.
Yamana Gold Inc. (NYSE: AUY) will release its fourth quarter and full year 2021 operational and financial results on February 17, 2022, after market close. A conference call to discuss these results is scheduled for February 18, 2022, at 9:00 am ET. The call will be accessible via toll-free numbers for North America and the UK, with an online webcast available at www.yamana.com.
The company focuses on expanding its gold and silver production across the Americas, primarily in Canada, Brazil, Chile, and Argentina.
Yamana Gold reported robust preliminary results for Q4 2021, producing 281,388 gold equivalent ounces (GEO), surpassing guidance of 270,000 GEO, and achieving full-year production of 1.01 million GEO. All-in sustaining costs (AISC) for Q4 are expected at $970 per GEO, down 8% from previous quarters. The company's cash balance increased by over $65 million to exceed $305 million, reflecting strong cash flow. Strategic initiatives include progress in permitting for the Jacobina Phase 2 expansion and advancements in greenhouse gas abatement targets.
Yamana Gold Inc. announced significant advancements in its Climate Action Strategy, aiming for a 1.5ºC temperature target compared to pre-industrial levels. The foundational work, initiated in early 2021, includes emissions forecasts and GHG abatement pathways for Scope 1 and 2 emissions at its operations in Argentina, Brazil, and Chile. The company plans a 4.2% annual emissions reduction until 2030 and expects 85% of its gold equivalent ounces to be produced utilizing renewable energy by the end of 2022, reinforcing its commitment to sustainable mining.
Yamana Gold (NYSE: AUY) has announced the receipt of a permit for its Jacobina mine, enabling an increase in throughput to 10,000 tonnes per day. The ramp-up to 8,500 tpd is expected by Q2 2022, facilitating annual production of 230,000 ounces by 2023. The company anticipates fourth quarter production exceeding 270,000 gold equivalent ounces (GEO) with all-in sustaining costs projected at approximately $980 per GEO, marking a 7% decrease from previous quarters. The expansion also positions Yamana for future growth in production capacity.
Yamana Gold (NYSE: AUY) announced significant exploration updates, revealing a new shear zone at Wasamac, which could enhance production to 200,000 ounces per year over a projected 15-year mine life. At Odyssey, exploration suggests potential production could exceed an average of 545,000 ounces annually from 2029 onwards. Additionally, Jacobina's Phase 2 expansion is ahead of schedule, targeting 230,000 ounces per year. The company also submitted the Environmental and Social Impact Assessment for Minera Florida, aiming for production to commence at 120,000 ounces by 2025.
Yamana Gold reported strong third-quarter 2021 results, with net earnings of $27 million, or $0.03 per share. Adjusted net earnings reached $69.7 million, a notable increase from the previous quarter. The company produced 256,464 gold equivalent ounces (GEO), including 225,556 ounces of gold, positioning it to meet its full-year guidance of 1,000,000 GEO. Cash flows from operations soared to $190.6 million, with free cash flow before dividends up 59% to $81.6 million. Yamana also reduced its gross debt by $222.1 million, enhancing financial resilience.
Yamana Gold Inc. (NYSE: AUY) has declared a fourth quarter dividend of $0.03 per share, making the annual total $0.12 per share. Shareholders on record by December 31, 2021, will receive payment on January 14, 2022. This dividend is categorized as an eligible dividend for Canadian tax purposes. Yamana continues its focus on expanding its operations across the Americas, including Canada, Brazil, Chile, and Argentina, emphasizing development and optimization at existing mines.
Yamana Gold Inc. will announce its third quarter 2021 operational and financial results on October 28, 2021, post-market close. A conference call is scheduled for October 29, 2021, at 9:00 AM EDT, with replay options available from 12:00 PM EDT on the same day until November 29, 2021. The company, based in Canada, focuses on precious metals production across the Americas, including ongoing expansion and optimization of existing mines and exploration properties.
