Another day, another gold miner gets hammered: Yamana Gold's (AUY -7.7%) Q1 results disappoint...

|About: Yamana Gold Inc. (AUY)|By:, SA News Editor

Another day, another gold miner gets hammered: Yamana Gold's (AUY -7.7%) Q1 results disappoint despite a pledge to cut costs by $100/oz. by midyear and $150/oz. by year-end. AUY will be tested not just by falling gold prices but also by copper prices, Cowen’s Adam Graf says, noting AUY's Q1 cash costs jumped 31% Y/Y partly on lower copper credits generated from lower copper sales volumes.