TORONTO, ONTARIO--(Marketwired - Oct. 29, 2015) - YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") is herein reporting its financial and operating results for the third quarter 2015, with some highlights provided as follows.
- Total gold production of 325,897 ounces representing a 9% increase in gold production from continuing operations compared to the second quarter of 2015, including 281,915 ounces of gold from core assets(1).
- Total gold production of 929,128 ounces in the first nine months of 2015.
- Notable increases in gold production at our core assets compared to the second quarter of 2015 include:
- 32% at Jacobina, 17% at Gualcamayo, 12% at Canadian Malartic, 10% at Minera Florida 6% at Chapada and 4% at Mercedes.
- Cash costs(2) of $594 per ounce of gold including the following notable decreases compared to the second quarter of 2015:
- 27% at Jacobina, 15% at Mercedes and 11% at Canadian Malartic.
- All-in sustaining costs ("AISC")(2,3) of $841 per ounce of gold; and
- $748 per ounce of gold at core assets.
- Production of 2.2 million ounces of silver at AISC(2,3) of $11.32 per ounce.
- Silver production of 7.1 million ounces in the first nine months of 2015.
- 34.0 million pounds of copper production at cash costs(2) of $1.41 per pound.
- Copper production of 94.4 million pounds in the first nine months of 2015.
- Adjusted cash flows from continuing operations before changes in non-cash working capital(2,4) of $133.9 million or $0.14 per share.
- Cash flows from continuing operations after changes in non-cash working capital(4) of $77.6million or $0.08 per share.
- General and administrative expense of $28.5 million, representing an 11% decrease compared to the second quarter of 2015.
- Adjusted loss from continuing operations(2) of $20.2 million or $0.02 per share; and
- Net loss from continuing operations of $115.0 million or $0.12 per basic share.