Yamana gold reports second quarter 2020 financial results

Yamana gold reports second quarter 2020 financial results; strong cash flow generation; a further reduction of $101 million in net debt; jacobina phase 1 expansion complete; increasing dividend by a further 12% to $0.07 per share.q2 adjusted earnings per share $0.07.q2 earnings per share estimate $0.03 -- refinitiv ibes data.reiterates its 2020 production guidance of 890,000 geo, comprised of 786,000 ounces of gold and 10,250,000 ounces of silver.qtrly gold production of 164,141 ounces.qtrly silver production of 2,007,809 ounces.qtrly net earnings were nil or nil per share.qtrly revenue $303.4 million versus $463.5 million.2020 production is currently tracking above guidance.q4 is expected to have best cost profile, in line with stronger expected production.all-in sustaining costs for quarter were $1,125 per geo sold, compared to $986 per geo sold.yamana gold - qtrly average realized gold price per ounce $1,713.yamana gold - qtrly average realized silver price per ounce $16.83.updated aisc guidance for second half of year, with aisc expected to be in range of $1,020 to $1,060 per geo.q4 is expected to have best cost profile, in line with stronger expected production.yamana gold - anticipates suspension, standby costs will be minimized prospectively for balance of year as mines return to full production levels.
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