- Yamana Gold (NYSE:AUY -0.2%) says it has temporarily suspended ramp-up activities at its C1 Santa Luz project in Brazil and placed the operation on care and maintenance to evaluate alternative metallurgical recovery processes.
- AUY says the rate of recovery from the carbon-in-leach circuit at the project has been lower than designed.
- AUY says the Pilar project remains on track for commercial production before year-end; full-year production from Pilar is expected to total ~58K oz.
- Says it achieved record monthly overall production for August of ~137K gold equiv. oz., favorably positioning the company to meet FY 2014 production expectations of 1.42M gold equiv. oz.