Yamana Gold Incorporated Results 04 March 2010

YAMANA GOLD INC. (TSX:YRI; NYSE: AUY; LSE:YAU) today announced its financial and operating results for the fourth quarter and year ended December 31, 2009 and its mineral reserves and mineral resources for the year ended December 31, 2009. All dollar amounts are expressed in United States dollars unless otherwise specified.

2009 FOURTH QUARTER AND FULL YEAR HIGHLIGHTS

Financial and Operating Highlights

Highlights for the three- and twelve-month periods ended December 31, 2009 include:

- Total production from continuing operations of 289,456 gold
equivalent ounces (GEO) and 1,025,677 GEO, respectively;

- Cash costs(1) from continuing operations excluding Alumbrera of $111
per GEO and $170 per GEO, respectively;

- Revenues of $399.8 million and $1.2 billion, respectively;

- Mine operating earnings of $184.3 million and $467.5 million,
respectively;

- Net earnings of $36.2 million and $192.6 million, respectively;

- Adjusted Earnings(1) of $100.9 million or $0.14 per share and $346.1
million or $0.47 per share, respectively

To read the article in full please click here.

Yamana Gold Incorporated trades on the following Stock Exchanges:

AUY on the New York Stock Exchange

YRI on Toronto Stock Exchange

YAU on the London Stock Exchange, giving it global exposure to investors.

Yamana Gold has a market capitalization of $8.17 billion, a P/E ratio of 23.72, with 733.25 shares outstanding, has a 52 week high of $14.37 and 52 week low of $7.27 and closed today at $11.14.







All the best.

Got a comment then please add it to this article, all opinions are welcome and appreciated.

For those interested in getting a bit more bang for your buck and adding a touch more excitement to your portfolio, then check out our Options Trading Service please click here.


To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

Comments

[Gold Prices]

The market is certainly not impressed with this set of results.

[Mark]

Does anybody have confirmation that George Soros recently bought AUY shares along with Gold bullion?
Thanks in advance.