Tue May 3, 2011 4:43pm EDT
(In U.S. dollars unless noted)
May 2 (Reuters) - Yamana Gold (YRI.TO) reported an11 percent rise in first-quarter profit on Tuesday, as itboosted production and continued to benefit from higherprecious metal prices.
The miner said earningsincreased to $148 million, or 20 cents a share, in the three monthsended March 31, from $132 million, or 18 cents a share, a year earlier.
Adjusted earnings were $152.2 million, or 21 cents a share,up from $75.9 million, or 10 cents a share.
Revenue was $476.1 million, up 37 percent from $346.3million.
Production for the quarter was up 11 percent at 267,368gold equivalent ounces.
Yamana owns producing mines in Chile, Argentina and Brazil, and has various exploration and development stage projects in Latin America. (Reporting by Julie Gordon; editing by Rob Wilson)