YAMANA GOLD INC. $10.28 (Toronto symbol YRI; SI Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 733.4 million; Market cap: $7.5 billion; Dividend yield: 0.4%) reports that its revenue soared 355.2% in the three months ended December 31, 2009, to $399.8 million from $87.8 million a year earlier. (All figures except share price and market cap in U.S. dollars). Earnings (before one-time items) shot up 716.7%, to $100.9 million from $12.4 million. Per-share earnings rose 600.0%, to $0.14 from $0.02, on more shares outstanding. Cash flow per share rose 320.0%, to $0.21 from $0.05.
Record high production and gold prices were the main reasons for the gains. The company produced 325,252 ounces of gold in the latest quarter, up 27.7% from 254,774 a year earlier. The rise is partly because its new Gualcamayo mine in Argentina started producing gold in July 2009.
The company holds cash of $170.1 million. Its $529.5 million of long-term debt is just 7% of its market cap.
Yamana expects to…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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