Yamana Gold profit falls on metal prices
Oct 29 (Reuters) - Canadian miner Yamana Gold Inc reported a 6 percent fall in third-quarter adjusted profit on Monday as lower metal prices and higher costs outweighed higher gold sales volumes.
The mid-tier gold miner's adjusted earnings were $178 million, 24 cents a share, for the quarter ended Sept 30. That compared with $190 million, or 26 cents a share, in the year-earlier period.
Analysts, on average, had expected earnings of 23 cents a share, according to Thomson Reuters I/B/E/S.
Net earnings, which included charges related to tax changes in Chile, were $60 million, or 8 cents a share. That compared with $116 million, or 16 cents a share, in the year-before period.
Revenue rose 10 percent to a record $612 million on quarterly production of 310,490 gold equivalent ounces.