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An Eye on Financial Results: Yamana Gold Inc. (NYSE: AUY)


On Thursday, Shares of Yamana Gold Inc. (NYSE: AUY) showed the bullish trend with a higher momentum of 0.68% and ended its trading session at $2.93. The company traded total volume of 2,364,381 shares as contrast to its average volume of 10.70M shares. The company has a market value of $2.82B and about 967.56M shares outstanding.

Yamana Gold Inc. incurred net loss of $160.10M or 17 cents per share in first-quarter 2018 contrast to breakeven results recorded a year ago. Barring one-time items, adjusted earnings came in at a penny per share, which was in line with the Zacks Consensus Estimate.

Revenues rose roughly 11.4% year over year to $449.70M in the quarter.

Cost of sales was $259.20M, up 8.9% from $238.0M a year ago.

Q1 Operational Highlights:

Total gold production was 248.088K ounces (counting Brio Gold) in the quarter, down 3.7% from 257.533K ounces a year ago.

Total of cost of sales for gold rose roughly 1.3% to $1.035K per ounce and all-in sustaining costs fell to $703 per ounce from $902 in the year-ago quarter.

Total silver production was 899,261.0M ounces, down roughly 6.4% from 960,820.0M ounces a year ago. Total of cost of sales for silver rose to $15.20 per ounce in the quarter from $15.14.

Financial Position:

Cash flows from operating activities were $122.40M for the quarter, up from $51.30M a year ago.

Long-term debt rose around 2.7% year over year to $1,638.30M at the end of first quarter.

The Company offered net profit margin of -18.80% while its gross profit margin was 42.50%. ROE was recorded as -8.00% while beta factor was 0.93. The stock, as of recent close, has shown the weekly upbeat performance of 3.56% which was maintained at -6.73% in this year.

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