YRI:CC - Yamana Gold gains as Q1 earnings beat estimates costs below plan

Yamana Gold (NYSE:AUY) +4.6% in Thursday's trading after Q1 adjusted earnings exceeded expectations and revenues rose 4.7% Y/Y to 442M, with gold and silver production topping company targets. Q1 gold production gained 4.7% Y/Y to 210,533 oz following standout performances from the Jacobina, El Peñón and Cerro Moro operations, while silver output ose by a similar percentage to 2.2M oz. Q1 free cash flow fell to 34.7M from 76M, but the company expects FCF will increase Q/Q with the strongest generation coming in H2. Yamana (AUY) said Q1 all-in sustaining costs of $1,084 per gold equivalent oz also came in below plan, despite the quarter being the lowest planned production quarter of the year. The company said the Phase 2 expansion of the Jacobina mine in Brazil is progressing ahead of schedule and likely will achieve its throughput objective a year ahead of schedule by mid-2022. Yamana (AUY) said the

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Yamana Gold gains as Q1 earnings beat estimates, costs below plan