Oct 29 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
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
Revenue rose 10 percent to a record $612 million on
quarterly production of 310,490 gold equivalent ounces.