TORONTO (AP) _ Yamana Gold Inc. (AUY) on Thursday reported break-even earnings in its second quarter.
The Toronto-based company said it had profit that was less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, came to 7 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The gold mining company posted revenue of $303.4 million in the period.
Yamana Gold shares have increased 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.80, more than doubling in the last 12 months.