AUY - Yamana Gold sets 2022 production record at Jacobina mine in Brazil
Yamana Gold ( NYSE: AUY ) reported Wednesday its full-year production edged 1.1% higher Y/Y to 894,820 oz, topping guidance of ~870K oz, while falling 2.3% in Q4 to 235,072 oz.
For FY 2022, gold equivalent production totaled 1.01M oz, beating guidance of 1M oz, while all-in sustaining costs are expected at below $1,125/GEO, well above $932/GEO in the previous year but "generally in line with guidance when adjusted for the impact of the higher gold-to-silver ratio."
Yamana ( AUY ) said gold production at the Jacobina mine in Brazil set a full-year record at 195,427 oz, exceeding guidance of 195K oz, while full-year production of 182,069 GEO beat guidance of 169K GEO, with gold output of 108,240 oz and silver production of 6.1M oz outpacing guidance of 95K oz and 5.3M oz, respectively.
Meanwhile, Pan American Silver ( NASDAQ: PAAS ), which is scheduled to acquire Yamana, reported FY 2022 silver production totaled 18.5M oz , within revised guidance of 18M-18.5M oz provided in November.
The miner said full-year gold production of 552.5K oz was within original guidance of 555K-605K oz.
Proxy advisors ISS and Glass Lewis recommended last week that shareholders vote in favor of the proposed Yamana deal .
For further details see:
Yamana Gold sets 2022 production record at Jacobina mine in Brazil