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Thursday, February 13, 2020

=Yamana Gold (AUY) reported earnings on Thur 13 Feb 20 (a/h)

 Yamana Gold reports Q4 (Dec) results, beats on revs; quarterly dividend increased to $0.05/share from $0.02/share
  • Reports Q4 (Dec) earnings of $0.03 per share, may not be comparable to the S&P Capital IQ Consensus of $0.03; revenues fell 20.6% year/year to $383.8 mln vs the $378.36 mln S&P Capital IQ Consensus.
  • Fourth quarter gold and silver production was 221,595 ounces and 2.97 million ounces, respectively, in line with plan. Gold equivalent ounce ("GEO")(1) production comprised 256,288 GEO. Exceeded gold production guidance for the year with annual production of 900,339 ounces.
  • Effective in the first quarter of 2020, the Company will have increased its annual dividend cumulatively by 150% to $0.05 per share from $0.02 per share in the third quarter. The Company has adopted a policy of treating dividends on a per ounce basis and established a program pursuant to which it would create a reserve fund to protect the dividend for a minimum of three years.

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