Q4 and 2010 financial results
posted on
Feb 23, 2011 06:58PM
Brazil, Argentina, Chile, Mexico - Yamana is targeting sustainable gold production of 2.2 M oz of gold by 2012.
I could only copy the first part of the release but the figures look pretty good:
YAMANA GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2010 RESULTS
TORONTO, Feb. 23, 2011 (Canada NewsWire via COMTEX News Network) --
RECORD REVENUE, RECORD EARNINGS, RECORD CASH FLOW & RECORD PRODUCTION
YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its financial and operating results for the fourth quarter and year ended December 31, 2010. All dollar amounts are expressed in United States dollars unless otherwise specified.
HIGHLIGHTS FOR THE FOURTH QUARTER 2010
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- Record revenues of $535 million, more than 34% higher than the same
quarter in 2009
- Net earnings of $160 million or $0.22 per share, more than 340%
higher than the same quarter in 2009
- Record Adjusted Earnings of $173 million or $0.23 per share(1), an
increase of more than 70% from the same quarter in 2009
- Record fourth quarter operating cash flow of $265 million, $0.36 per
share,(1) an increase of 71%
- Production of 286,682 gold equivalent ounces (GEO)(1)(2) in the
fourth quarter at cash costs of negative $34 per GEO, which included
record production at El Penon of 113,800 GEO
>>
HIGHLIGHTS FOR THE FULL YEAR 2010
<<
- Record full year revenues of $1.7 billion, an increase of 43% over
2009
- Record net earnings of $451 million or $0.61 per share, an increase
of more than 130% from 2009
- Record Adjusted Earnings of $451 million or $0.61 per share, 30%
higher than 2009
- Record full year operating cash flow of $747 million, or $1.01 per
share, representing an increase of 51%
- Record production from continuing operations for the year of
1,047,191 GEO at cash costs of $50 per GEO
- Positive construction decisions made on three projects during 2010;
Ernesto/Pau-a-Pique, QDD Lower West at Gualcamayo and Pilar. These
projects are on track for production start-up in 2012/2013
- Cash and cash equivalents of $330 million at December 31, 2010, an
increase of $160 million from 2009
- Debt decreased in 2010 by $45 million