Market Overview

Yamana Gold Misses Street Estimates (AUY)

Yamana Gold, Inc. (NYSE: AUY) reports Q2 earnings of $0.12 versus estimates of $0.15. Yamana Gold, Inc. reports Q2 revenues of $351.4 million versus estimates of $405.54 million.

The company boosted its dividend by 33% sequentially and 100% year over year.

"We continue to focus on our production goals," said Yamana's chairman and chief executive officer, Peter Marrone. "We remained focused on operations this quarter, although we also focused on our development stage projects which we continued to progress. We have a robust portfolio of development stage projects with considerable value that we are advancing and an exploration program which has already begun to deliver strong results. As a result, 2010 is a year in which we expect to demonstrate growth in production, resources, cash flow and value."

Shares of AUY are lower in the after-hours by 1.75%.

Posted-In: Earnings News After-Hours Center

 

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