Yamana Gold (AUY) Tops Q2 EPS by 5c

Yamana Gold (NYSE: AUY) reported Q2 EPS of $0.07, $0.05 better than the analyst estimate of $0.02.

2020 GUIDANCE:

The Company reiterates its 2020 production guidance of 890,000 GEO, comprised of 786,000 ounces of gold and 10,250,000 ounces of silver. Production is currently tracking above guidance and, as the year progresses, the Company will evaluate further updates to production guidance. The Company has updated AISC guidance for the second half of the year, with AISC expected to be in the range of $1,020 to $1,060 per GEO. Further, the fourth quarter is expected to have the best cost profile, in line with the stronger expected production. At Cerro Moro, the ongoing interprovincial travel restrictions and its impact on a reduced workforce may further impact consolidated costs, although improved travel logistics in the second half of the year and better than planned performance from other mines is expected to offset those possible impacts.

For earnings history and earnings-related data on Yamana Gold (AUY) click here.

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