Yamana Gold: Strongest Operating Cash Flow since 2015!

The precious metal producer focused on the American continent Yamana Gold (WKN 357818) put in a strong performance in the third quarter of 2020. Both gold and silver output were above plan.

As the company announced, gold production for the September quarter was 201,772 ounces. This is mainly due to outstanding production figures from the Jacobina, Canadian Malartic, El Peñón and Minera Florida mines, it said. Yamana reported silver production at 3.04 million ounces of gold, to which the El Peñón mine in particular contributed.

A total of 240,466 ounces of gold equivalent came together with so-called all-in sustaining costs (AISC) of 1,096 per ounce, with which Yamana fulfilled its own forecasts. The corporation reported adjusted net income of $ 92.2 million, or $ 0.10 per share, compared to $ 49.5 million in net income and 5 cents per share for the third quarter of 2019.

Yamana indicated that the strong cash flow from operations of $ 215 million in particular would reflect strong manufacturing, high precious metal prices, and the positive impact of foreign exchange rates on the company’s expense. Net free cash flow was $ 185.5 million, according to the company, and free cash flow before dividends and debt payments reached $ 156.8 million, it said. According to Yama, this resulted in increases of 107 and 316% per year, respectively.

The Canadian corporation also announced that net debt fell $ 148.9 million to $ 619.1 million and announced a dividend of $ 0.026 per share for the fourth quarter. The full year dividend increased 50% to $ 0.105.

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