GOLD: Yamana meets production guidance

[caption id="attachment_1003733073" align="aligncenter" width="450"] The company's Cerro Moro gold-silver mine in Argentina. Credit: Yamana Gold[/caption] TORONTO – Miner Yamana Gold has released 2019 production results with 1.02 million of gold-equivalent oz. slightly exceeding the company’s guidance for 1.01 gold-equivalent oz. Three underground mines in South America: Jacobina, El Penon and Minera Florida appear as outperformers last year. The company’s biggest production contribution is from its 50% stake in the Canadian Malarctic open pit in Quebec which produced 334,596 oz. last year, in line with expectations. For Minera Florida in Chile, December in particular was a standout month with over 50% more ounces produced than its monthly average. The mine produced a total of 73,617 oz. in 2019; Yamana believes that the mine may be able to support higher production this year. The company will provide costs with its full financial results and guidance release in mid-February; its latest all-in sustaining costs guidance was for US$920 to US$960 per oz. for the year. For more information, visit www.Yamana.com.