- Yamana Gold (AUY +3.7%) reports FY 2013 production that fell short of its forecasts, blaming the shortfall on problems at new operations that it says had been resolved by year's end.
- AUY says it produced ~1.2M gold equiv. oz. in 2013 after earlier forecasting production of 1.32M-1.37M; for 2014, it expects to produce 1.4M god equiv. oz., at the low end of its previous forecast of 1.4M-1.5M.
- AUY says all mines are now producing, which should raise the reliability of production and cost estimates going forward.
Yamana Gold misses 2013 output target but sees stronger 2014
Feb 10 2014, 09:45 ET