Yamana Gold (TSX: T.YRI, Stock Forum) late Wednesday said 2013 production is expected to be in the range of 1.44 to 1.60 million gold equivalent ounces with a target of more than 1.48 million gold equivalent ounces, an increase of at least 20% versus 2012 levels, this according to a company news release.
The gold miner also announced record total production of 1.2 million gold equivalent ounces for 2012, a 9% increase from 2011.
Yamana forecasts production for 2014 to be in the range of 1.60 million to 1.77 million gold equivalent ounces, while 2015 production is targeted at 1.75 million gold equivalent ounces.
"In 2012, we also further enhanced our growth profile with the addition of Cerro Moro to our project portfolio and increased the value returned to shareholders as dividends. We expect production growth throughout 2013 and 2014 with a goal to reach approximately 1.75 million gold equivalent ounces of sustainable production. Cerro Morro should, in time, add to that production level," said Yamana Chairman and CEO Peter Marrone.