Yamana Gold Inc - Toronto-based miner operating in Canada, Brazil, Chile and Argentina - Exceeds gold production target in the quarter ended March 31. Produces 210,533 ounces of gold, up from 201,117 ounces of gold a year ago. Meanwhile, silver production exceeds plans at 2.2 million ounces from 2.1 million ounces year-on-year. Revenue grows to USD441.9 million from 422.0 million, but remains lower than revenue of 2021's fourth quarter of USD503.8 million.
Free cash flow shrinks to USD34.7 million from USD76.0 million. "The company expects free cash flow to increase quarter-over-quarter with the strongest free cash flow generation anticipated in the second half of the year," the firm adds.
Current stock price: 432.64 pence
12-month change: up 26%
By Tom Budszus; tombudszus@alliancenews.com
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