AUY - Yamana Gold gets permit to boost Jacobina mine throughput

Yamana Gold (AUY +2.7%) says it received a permit for its Jacobina gold mine in Brazil to increase throughput to 10K metric tons/day, marking a milestone in the mine's Phase 2 ramp-up to 230K oz/year. Yamana says it will immediately begin to ramp up throughput to reach the Phase 2 objective rate of 8.5K mt/day by Q2 2022, about a year earlier than originally planned. The miner also says it expects to exceed guidance for Q4 production of 270K gold equiv. oz. and that it will top its full-year outlook for 1M gold equiv. oz. Yamana expects Q4 all-in sustaining costs will be the lowest of the year, estimated at $980/gold equiv. oz. or lower, which is 7% below AISC reported for the prior three quarters. Yamana is "performing exceptionally well both operationally and financially," and the stock's drop is not justified, SomaBull writes in a bullish analysis published on

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Yamana Gold gets permit to boost Jacobina mine throughput