Yamana Gold reported higher-than-expected second-quarter earnings on Wednesday, helped by higher production and lower costs.Yamana Chief Executive Peter Marrone said in a statement the miner would look at "strategic alternatives" for operations that are underperforming, as well as at assets that could provide more value through a sale.The Canadian-based gold miner said earnings were $5.1 million, or 1 cent a share, in the quarter, compared with a net loss of $7.9 million, or 1 cent a share, in the same quarter a year earlier.Adjusted earnings came in at $43.3 million, or 5 cents a share, down from $50.2 million, or 7 cents a share, in the second quarter of 2013.
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 6291074.
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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