AUY - Yamana Gold's Q4 gold production hits quarterly record; sees 1M GEO this year

Yamana Gold (AUY +1.6%) is on the rise after reporting better than forecast Q4 earnings and a 9% Y/Y increase in revenues, as gold production from its mines hit a new quarterly record. Q4 net earnings edged higher to $109M from $103M in the prior-year quarter, but full-year earnings fell to $147.5M from $203M. Yamana said it produced 281.4K gold equiv. oz. in the quarter, topping guidance of 270K GEOs, at all-in sustaining cost of $962/GEO, including all-time high quarterly gold production of 240,718 oz. and silver output of 3.14M oz.; full-year output hit an annual record of 1.01M GEOs, in line with its outlook for 1M GEOs, at AISC of $1,030/GEO. The miner said cash flows from operating activities jumped 25% Q/Q to an all-time quarterly record of $238.2M. Yamana also provided gold equivalent production guidance of 1M oz. in 2022, 1.03M oz. in 2023, and 1.06M oz. in

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Yamana Gold's Q4 gold production hits quarterly record; sees 1M GEO this year