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Yamana Gold declares a first quarter dividend of $0.02625 per share, with an annual total of $0.105 per share. Shareholders on record by March 31, 2021 will receive this dividend on April 14, 2021. This dividend is classified as an eligible dividend for Canadian tax purposes. Yamana Gold operates as a significant producer of precious metals across the Americas, focusing on expansion, optimization, and exploration of its existing properties while exploring consolidation opportunities.
Yamana Gold Inc. (NYSE: AUY) issued its production guidance for 2021-2023, forecasting total gold production growth from 862,000 ounces in 2021 to 889,000 ounces by 2023. The company anticipates cash costs per GEO sold ranging from $655 to $695. Despite COVID-19 costs expected to peak at $20 million, the company aims for operational efficiency and expansion projects. The Canadian Malartic mine is expected to contribute significantly, with production rising to 350,000 ounces in 2021. The long-term outlook suggests sustained production of 1 million GEO annually by 2030.
Yamana Gold reported strong preliminary production and financial results for Q4 and full-year 2020, highlighting resilience amidst COVID-19 challenges. Full-year production reached 901,155 gold equivalent ounces (GEO), slightly below revised guidance due to restrictions in Argentina. Cash flow rose sharply in Q4, exceeding prior benchmarks, with cash balances hitting $428 million and net debt reduced by $323 million. The company also showcased successful operational growth at key sites, despite short-term pandemic-related issues at Cerro Moro.
Yamana Gold has successfully completed its acquisition of the Wasamac property and the Camflo property and mill from Monarch Gold Corporation. This strategic move enhances Yamana’s portfolio, adding a top-tier gold project in Quebec's Abitibi region. The Wasamac project boasts proven and probable mineral reserves of 1.8 million ounces of gold with a grade of 2.56 grams per tonne. The acquisition allows Yamana to leverage its operational expertise and aims to optimize the project, which remains open for further exploration.
Yamana Gold Inc. (NYSE: AUY) will announce its Q4 and full year 2020 financial results on February 11, 2021, after market close. A conference call is scheduled for February 12, 2021, at 10:00 am ET, to discuss these results. The call will provide insights into operational performance and strategic initiatives for 2021. Investors can access the conference call via toll-free numbers or through a webcast on the company's website. Yamana is focused on expanding its operations in the Americas and optimizing current mining initiatives.
Yamana Gold Inc. (NYSE: AUY) will release its 2020 fourth quarter and annual production results, along with three-year production guidance and a 10-year outlook, on January 25, 2021. A corporate update will follow on January 26, detailing strategic priorities and operational updates. The event will be accessible through a conference call or webcast, providing stakeholders insights into production forecasts from 2021 onwards. Yamana Gold, based in Canada, focuses on precious metal production and development across the Americas.
Yamana Gold Inc. has appointed Credit Suisse as its joint UK corporate broker, in addition to Peel Hunt and Berenberg, effective immediately. This strategic move aims to enhance the company’s visibility in London, targeting investors interested in a pure play gold mining opportunity. With significant operations in the Americas, Yamana is focused on delivering a strong, sustainable dividend and managing ESG issues effectively. The company plans further expansion and optimization of current assets while exploring consolidation opportunities.
Yamana Gold Inc. (NYSE: AUY) announces the successful integration of the Agua Rica project with the Minera Alumbrera plant, now named the MARA Project. This integration enhances project economics through existing infrastructure, reducing risk and environmental impact. The joint venture includes Yamana (56.25%), Glencore (25%), and Newmont (18.75%), with Yamana as the operator. Development plans will include a Feasibility Study and Environmental Impact Assessment. The project is positioned as one of the lowest capital intensity projects globally in terms of copper production.
Yamana Gold Inc. (NYSE: AUY) announced positive drill results from its generative exploration program, covering Lavra Velha, Monument Bay, Borborema, and new projects in Chile. The program aims to discover a standalone project with at least 1.5 million ounces of inferred gold resources within three years, supporting a new mine producing 150,000 ounces annually. The company’s strategy focuses on expanding its mineral resource base and optimizing existing projects leveraging its expertise in mining-friendly jurisdictions.
Yamana Gold has announced a definitive agreement to acquire Monarch Gold Corporation's Wasamac and Camflo properties for approximately C$152 million. The acquisition encompasses 1.8 million ounces of gold reserves at Wasamac, enabling potential cost-efficient underground mining. The transaction includes cash and stock, with shareholders receiving C$0.63 per share. This strategic move aims to enhance Yamana's presence in the Abitibi region and aligns with its growth strategy focused on properties with significant mineral inventories. The transaction is expected to close by early January 2021.
