Top 5 Resource ETFs of 2012
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Articles Tagged "Yamana gold"
Gold Takes a Spill and Picks Itself Up
Gold – Gold took a big hit mid-week when the US Federal Reserve suggested an end to quantitative easing, but the precious metal rallied on Thursday to regain some of the lost ground.
Yamana Gold Reports Record Revenues, Soaring Profit in Q4
Gold – Mining Weekly reported that Yamana Gold recorded a surge of 88.8 percent in fourth quarter profits due to a spike upwards in output.
Mineral Resource at Yamana’s Cerro Morro Project Up by 44 Percent
Gold – Yamana Gold Inc. (TSX:YRI,NYSE:AUY,LSE:YAU) announced an update on its Argentina-based Cerro Moro gold project, commenting that the mineral resource at the project has increased by 44 percent.
Dollar’s Loss is Gold’s Gain
Gold – The gold price was off to the races again this week, climbing on healthier stock markets and good news out of the European Central Bank.
Yamana Gold Third Quarter Profits Fall
Gold – Canadian Business reported that Yamana Gold's profits in Q3 were down year-over-year, due to a substantial charge from an increase in Chilean tax rates.
Yamana Receives Shareholder Approval, Acquires Extorre
Gold – Yamana Gold Inc. (TSX:YRI) announced that it completed its acquisition of Extorre Gold Mines Ltd. (TSX:XG) after Extorre shareholders voted in favor of the sale.
Yamana’s Takeover of Extorre Moves Forward
Silver – Mineweb reported that Extorre Gold Mines (TSX:XG) shareholders voted 99.5 percent in favor of Yamana Gold's (TSX:AUY) $400 million takeover proposal, which will give Yamana control of Extorre's Cerro Moro gold-silver project.
Hope for China Stimulus Raises Gold Price
Gold – Gold was flat this week on thin summer trading volumes, but expectations are still high that another round of quantitative easing will boost the price of the yellow metal.
Significant Drop in Net Earnings for Yamana Gold
Gold – Yamana Gold Inc. (TSX:YRI,NYSE:AUY,LSE:YAU) announced that its second quarter results for 2012 include a year-on-year drop in net earnings from $194.68 million to $42.91 million. However, the company did produce 288,700 gold equivalent ounces.
