Strong Third Quarter 2021 Results TORONTO, Oct. 28, 2021 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or “the Company”) is herein reporting its financial and operational results for the third quarter of 2021. With strong results from operations, the Company remains well positioned to achieve guidance for the year of 1,000,000 gold equivalent ounces ("GEO")(2), underpinned by momentum at Canadian Malartic, Jacobina and El Pen, as well as a strong fourth quarter performance expected at El Pen and Cerro Moro, as previously guided.
THIRD QUARTER HIGHLIGHTS
Financial Results - Strong Cash Flows, Increase to Mine Operating Earnings
- Net earnings(3) were $27.0 million or $0.03 per share basic and diluted. Adjusted net earnings(1, 3) were $69.7 million or $0.07 per share basic and diluted.
- Mine operating earnings were $154.0 million and increased quarter-over-quarter by 8%.
- Cash flows from operating activities were $190.6 million and cash flows from operating activities before net change in working capital(1) were $202.9 million, representing sharp increases from second quarter results of 24% and 21% respectively.
- Free cash flow before dividends and debt repayments(1) was $81.6 million and increased 59% quarter-over-quarter.
- Cash and cash equivalents totalled $460.2 million(8) and the Company has $750.0 million in available credit.
https://www.globenewswire.com/news-release/2021/10/28/2323237/0/en/Yamana-Gold-Reports-Strong-Third-Quarter-2021-Results-With-a-Step-Change-Increase-in-Cash-Flows-Standout-Quarters-From-Canadian-Malartic-Jacobina-El-Pe%C3%B1%C3%B3n-and-an-Exceptional-Quarte.html