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Yamana Gold: 3Q Earnings Snapshot

·1 min read

TORONTO (AP) _ Yamana Gold Inc. (AUY) on Thursday reported third-quarter net income of $55.6 million.

The Toronto-based company said it had net income of 6 cents per share. Earnings, adjusted for non-recurring costs, were 10 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The gold mining company posted revenue of $439.4 million in the period.

Yamana Gold shares have increased 37% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.42, an increase of 54% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUY at https://www.zacks.com/ap/AUY