YRI.TO - Yamana Gold Inc.

Toronto - Toronto Delayed Price. Currency in CAD
4.5100
+0.0800 (+1.81%)
At close: 4:00PM EDT
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Previous Close4.5800
Open4.4700
Bid4.5200 x 0
Ask4.5300 x 0
Day's Range4.4500 - 4.5600
52 Week Range2.4100 - 5.0400
Volume2,833,496
Avg. Volume3,307,364
Market Cap4.286B
Beta (3Y Monthly)0.57
PE Ratio (TTM)N/A
EPS (TTM)-0.1400
Earnings DateOct 23, 2019 - Oct 28, 2019
Forward Dividend & Yield0.04 (0.87%)
Ex-Dividend Date2019-09-27
1y Target Est3.76
  • GlobeNewswire

    Yamana Gold Provides Exploration Update on the Canadian Malartic Mine; Announces Discovery of East Gouldie Zone

    TORONTO, Sept. 09, 2019 -- YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or “the Company”) today provided an update on exploration activities at its 50% owned Canadian.

  • Argentina Miners Hope for Pragmatic Peronism Amid Project Freeze
    Bloomberg

    Argentina Miners Hope for Pragmatic Peronism Amid Project Freeze

    (Bloomberg) -- Whoever wins next month’s presidential election in Argentina will have to rely on commodity exporters to bring in much-needed foreign currency. The mining industry is hoping that will win them some concessions.Since Peronist candidate Alberto Fernandez nailed a landslide win over President Mauricio Macri in an August primary election, Argentina’s foreign currency reserves have fallen 22%, with $14.6 billion draining from the country.The victory has led mining companies that were considering billions of dollars in investment in Argentina to think again. They want clarity on whether Fernandez and his running mate, former President Cristina Fernandez de Kirchner, will resort to the protectionist measures and populist policies of the past.“It is more than natural that anyone mulling an investment in Argentina is taking some time to think,” said Gustavo Koch, executive director at Argentina’s mining chamber Caem. “Decisions will be delayed and I’m not sure they will necessarily happen after the elections.”Foreign companies are monitoring the situation, according to both Daniel Meilan, a former Mining Secretary under Macri, and Rolando Davila, secretary general of the Chile and Argentina chamber of commerce. Both said they’re serving as advisers for the companies, which they declined to name.“It’s a shame, but this looks like another setback for the mining sector in Argentina and the question is how long and how big that setback will be,” said Fiona Mackie, Latin America director at the Economist Intelligence Unit. “Even if Fernandez wants to implement a relatively pragmatic, centric policy, there’s a huge risk we won’t see macroeconomic stabilization for a few more years.”Last Sunday, Macri’s government announced capital controls to halt the slump in foreign currency reserves, including restrictions on distributing benefits abroad and on buying dollars. But there’s already been a backlash in agriculture, Argentina’s top exporting sector. Among other strategies, farmers are planting more soybeans instead of corn because it requires less investment.Meilan says that whoever becomes president will need to support mining growth in Argentina to help rebuild the country’s economy. “Argentina has no alternative,” Meilan said in an interview in Santiago, Chile. “It needs to export and it needs dollars to come back in. That’s true for Macri, and that’s true for Fernandez.”Mining giants Glencore Plc., Newmont Goldcorp Corp. and Yamana Gold Inc. are doing early studies on a plan to jointly develop the Agua Rica gold and copper deposit in the country’s northwest. In March, the government said an investment decision could happen within months. The companies are planning to present a feasibility study within the next year, Yamana said on Tuesday in an emailed answer to questions. Newmont Goldcorp and Glencore declined to comment.Yamana does not expect capital controls to have a significant impact on the business, as the project is years away from entering production, the statement said. The company doesn’t like the imposition of currency controls, but is confident that it’s a short term measure and that it can manage around it.Reviewing RulesBarrick Gold Corp., which operates the Veladero gold mine, said in an email that it is reviewing the new rules and it expects to be able to work within the regulations as required. “Argentina’s political situation right now is dynamic,” the company said. “While we are always supportive of our host countries, we do not involve ourselves in politics.”Fernandez hasn’t made public an economic program for his presidency. While he was seen as more moderate than de Kirchner, his rhetoric has become increasingly combative, saying he is unwilling to support the government’s emergency measures aimed at containing rising volatility.The Peronist candidate told about fifty mining company officials at a private meeting in Buenos Aires last month that Argentina needs to produce and export minerals as a way to get foreign currency flowing into the country, according to a presentation on the meeting by pollster Poliarquia seen by Bloomberg.Fernandez didn’t make promises, but asked miners to see him as an ally, saying he will not be an obstacle for mining activity, according to the document. A spokesperson for Fernandez did not immediately respond to a request for comment. The document, aimed at mining executives who did not attend the meeting, included a word of caution.“There is no certainty that what he said in that meeting is what will actually happen,” the Poliarquia presentation said. “Everything that mining representatives heard was said by a politician, an Argentine and a Peronist who is about to win the next elections.”\--With assistance from Vinicy Chan.To contact the reporter on this story: Laura Millan Lombrana in Santiago at lmillan4@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Reg Gale, Philip SandersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Gold Rally Just Got What Traders Said It Needed: a New Catalyst
    Bloomberg

    Gold Rally Just Got What Traders Said It Needed: a New Catalyst

    (Bloomberg) -- Just when it looked like gold’s rally was starting to founder, the Federal Reserve and an escalation in the U.S.-China trade fracas have given the metal new life.Gold, which had been headed for a weekly loss Friday morning, closed at a fresh six-year high after the U.S.-China trade fight intensified and Federal Reserve Chairman Jerome Powell said the U.S. economy faces significant risks from slowing global growth. Bullion’s rebound comes after mixed economic data and doubts expressed by some U.S. central bank officials on further U.S. interest-rate cuts crimped demand for the metal earlier in the week. With the rebound on Friday, prices have now posted seven straight weekly gains, the longest run since 2011.“With the macro environment deteriorating, i.e. China ratcheted up tariffs today, Brexit, Hong Kong, and the weakness of European bank balance sheets, you can now add a supportive U.S. central bank,” Jim Wyckoff, senior analyst at Kitco Metals, said in an emailed report. “Fed Chairman Powell indicated the Fed would do what was necessary to keep the economy rolling, adding new momentum to gold prices.”Trade-policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the U.S., Powell said in the text of remarks Friday in Jackson Hole, Wyoming. “We will act as appropriate to sustain the expansion,” he said. That bolstered expectations the central bank will cut U.S. interest rates further.“That’s a very accommodating statement,” Bob Haberkorn, senior market strategist at RJO Futures in Chicago, said by phone. “They’re going to keep this thing going for as long as they can.”Traders of fed funds futures jacked up their expectations for the amount of easing they expect from the U.S. central bank this year after Powell’s remarks. The outlook for lower rates may help revive investor demand for gold, which erased a weekly loss. Lower rates are a boon for the metal, which doesn’t pay interest.Gold futures for December delivery rose 1.9% to settle at $1,537.60 an ounce at 1:32 p.m. on the Comex in New York, after falling as much as 0.4% earlier.The new salvos on the trade war added to concerns that demand for copper and other industrial metals will be further hurt. December copper futures fell 1.1% to $2.5375 a pound on the Comex, the lowest since May 2017.A gauge of gold miners climbed to a three-year high on Friday, led by Toronto-based miners Yamana Gold Inc. and Kinross Gold Corp., while an index of global base-metals companies touched an eight-month low.“The headlines coming out of China and Jackson Hole today, combined with a long weekend in U.K., see people taking some risks off” in the base metals market, Thomas Capalbo, vice president, hedge funds and financial institutions, at Societe Generale SA, said by phone.To contact the reporters on this story: Justina Vasquez in New York at jvasquez57@bloomberg.net;Yvonne Yue Li in New York at yli1490@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe Richter, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is $2,000 Gold On The Horizon?
    Oilprice.com

    Is $2,000 Gold On The Horizon?

    With global stock markets descending into chaos, one asset class continues its steady climb, and investors can’t get enough

  • Our Take On Yamana Gold Inc.'s (TSE:YRI) CEO Salary
    Simply Wall St.

    Our Take On Yamana Gold Inc.'s (TSE:YRI) CEO Salary

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Moody's

    Yamana Gold, Inc. -- Moody's revises Yamana's outlook to stable from negative; affirms Baa3

    Moody's Investors Service ("Moody's") revised the rating outlook for Yamana Gold Inc. ("Yamana") to stable from negative. At the same time Moody's affirmed the senior unsecured ratings of Yamana Gold Inc at Baa3. "The rating outlook change to stable reflects the significant debt reduction Yamana has achieved following the sale of its Chapada mine and our expectation the company will be cash flow generative," said Jamie Koutsoukis, Moody's Analyst.

  • 3 Takeaways From Eldorado Gold's Q2 Earnings
    Motley Fool

    3 Takeaways From Eldorado Gold's Q2 Earnings

    Was this gold miner able to regain some of the luster it lost in the first quarter?

  • GlobeNewswire

    Yamana Gold Announces Final Results of Tender Offers

    TORONTO, Aug. 08, 2019 -- YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or “the Company”) today announced the final results of its previously announced cash tender offers.

  • 3 Key Takeaways From Yamana Gold's Q2 Earnings
    Motley Fool

    3 Key Takeaways From Yamana Gold's Q2 Earnings

    An earnings miss belies how brightly this gold miner glimmered in the second quarter.

  • GlobeNewswire

    Yamana Gold Announces Pricing of Tender Offers for Certain Outstanding Notes

    NYSE: AUY) (“Yamana” or “the Company”) today announced the Reference Yields and Consideration payable in connection with its previously announced cash Tender Offer for its 4.78% Senior Notes due 2023 (Series B), 4.95% Senior Notes due 2024 and 4.625% Senior Notes due 2027 (collectively, the “Fixed Spread Notes”). Capitalized terms used but not otherwise defined in this press release have the meanings given to those terms in Yamana’s Offer to Purchase dated July 5, 2019 (the “Offer to Purchase”). The table below sets forth the Reference Yield for each series of Fixed Spread Notes based on the bid-side price of the applicable UST Reference Security as displayed at 2:00 p.m., New York City time, on August 5, 2019 on the relevant Bloomberg reference page specified in the Offer to Purchase and the Consideration payable for each $1,000 in principal amount of Fixed Spread Notes tendered, subject to the terms and conditions of the Offer to Purchase.

  • Where Will Yamana Gold Be in 1 Year?
    Motley Fool

    Where Will Yamana Gold Be in 1 Year?

    Yamana Gold has been making some big moves, but what do they really mean for investors over the next year or so?

  • Yamana Gold Inc (AUY) Q2 2019 Earnings Call Transcript
    Motley Fool

    Yamana Gold Inc (AUY) Q2 2019 Earnings Call Transcript

    AUY earnings call for the period ending June 30, 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of YRI.TO earnings conference call or presentation 26-Jul-19 1:00pm GMT

    Q2 2019 Yamana Gold Inc Earnings Call

  • Yamana Gold Is Predicted to Outperform
    GuruFocus.com

    Yamana Gold Is Predicted to Outperform

    The miner is poised to benefit from lower costs and higher metal prices and production Continue reading...

  • GlobeNewswire

    Yamana Gold Announces Strong Second Quarter 2019 Results

    TORONTO, July 25, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) is herein reporting its financial and operational results for the second quarter.

  • GlobeNewswire

    Yamana Announces a 100% Increase to Its Dividend and Declares Third Quarter Dividend

    TORONTO, July 25, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) announced its previously approved 100% increase in its annual dividend to $0.04 and.

  • 3 Things to Watch When Yamana Gold Reports Q2 Earnings
    Motley Fool

    3 Things to Watch When Yamana Gold Reports Q2 Earnings

    Investors experienced some woe regarding Yamana Gold's cash flow in Q1. Did the company turn things around in the last quarter?

  • GlobeNewswire

    Yamana Gold Announces a Positive Pre-Feasibility Study With an Impressive and Increased NPV of $1.9 Billion and an Increased After-Tax IRR of 19.7% for the Long Life Integrated Agua Rica Copper-Gold Project

    NYSE:AUY) (“Yamana” or “the Company”) is pleased to announce the results of the pre-feasibility study (“PFS”) on the Agua Rica project in the Catamarca Province of Argentina. Refers to a non-GAAP financial measure.

  • GlobeNewswire

    Yamana Gold Announces Early Results of Cash Tender Offers for Certain of Its Outstanding Public Notes

    The tender offer is made pursuant to Yamana’s Offer to Purchase, dated July 5, 2019 (the “Offer to Purchase”), in which Yamana has also offered to purchase several series of its other Senior Notes, which are referred to in the Offer to Purchase as the Private Notes. As set out in the Offer to Purchase, if $415,000,000 aggregate principal amount or more of the Private Notes are tendered in the tender offer, Yamana will not accept any tenders of Public Notes for purchase.

  • Read This Before Selling Yamana Gold Inc. (TSE:YRI) Shares
    Simply Wall St.

    Read This Before Selling Yamana Gold Inc. (TSE:YRI) Shares

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • GlobeNewswire

    Yamana Gold Announces Strong Preliminary Second Quarter 2019 Operational Results and Updates 2019 Production Guidance

    NYSE:AUY) (“Yamana” or “the Company”) announces second quarter 2019 production of 257,556 gold equivalent ounces (“GEO”). The Company continues to anticipate a strong second half and remains on track to meet its full-year 2019 guidance. Consistent with previous guidance, the Company expects to report positive free cash flow in the second quarter.

  • GlobeNewswire

    Yamana Gold Inc. Announces Cash Tender Offers for Certain Outstanding Notes

    TORONTO, July 05, 2019 -- YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or “the Company”) today announced that it has commenced cash tender offers (the “Tender Offers”) for.

  • GlobeNewswire

    Yamana Gold Completes Sale of Chapada, Begins Process of Repayment and Early Retirement of Debt, and Continues With Rationalization Efforts to Reduce Overhead and Improve Effectiveness

    NYSE:AUY) (“Yamana” or the “Company”) today announced it has completed the sale of its wholly-owned Chapada mine to Lundin Mining Corporation (LUN.TO) (“Lundin”) for total consideration of over $1.0 billion. Yamana has received the initial upfront cash consideration of $800 million on closing.

  • Is Yamana Gold a Buy?
    Motley Fool

    Is Yamana Gold a Buy?

    Looking for golden buying opportunities? You may not need to search much further than this Canadian miner.