Canadian gold producer Agnico Eagle Mines Ltd reported a second-quarter profit on Wednesday compared with a loss a year earlier, as gold production jumped and costs improved.The miner boosted its gold production forecast for 2014 by 13 percent, to 1.35 million ounces, citing its recent acquisition of part of the Canadian Malartic mine as well as good performance at other operations.Grades improved at the Meadowbank mine in Nunavut, northern Canada. Company-wide, average cash costs per ounce of gold fell to $725 from $907 on a by-product basis, deducting revenue from other metals.In April, Agnico and Yamana Gold Inc agreed to purchase most of Osisko Mining Corp's assets, including Canadian Malartic, located in the province of Quebec, in a deal then valued at C$3.9 billion.
Yamana Gold Inc. (Yamana) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia. Shares of AUY fell by 0.95% or $-0.08/share to $8.33. In the past year, the shares have traded as low as $7.02 and as high as $12.52. On average, 6984330 shares of AUY exchange hands on a given day and today's volume is recorded at 6290601.
Yamana Gold Inc. (Yamana) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia. Shares of YRI fell by 0.66% or $-0.06/share to $9.08. In the past year, the shares have traded as low as $7.62 and as high as $13.16. On average, 3065750 shares of YRI.TO exchange hands on a given day and today's volume is recorded at 7002550.
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