Yamana Gold Its Buying Time Again!

Yamana Gold declares quarterly dividend

08:30 EST Thursday, March 04, 2010

TORONTO, March 4 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its first quarter 2010 dividend of US$0.01 per share. Shareholders of record at the close of business on Wednesday, March 31, 2010 will be entitled to receive payment of this dividend on Wednesday, April 14, 2010. The dividend is an "eligible dividend" for Canadian tax purposes.

About Yamana

Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. The Company plans to continue to build on this base through existing operating mine expansions and throughput increases, the advancement of its exploration properties and by targeting other gold consolidation opportunities in the Americas.

For further information: Letitia Wong, Director, Investor Relations, (416) 815-0220, Email: investor@yamana.com, www.yamana.com

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Yamana Gold reports 2009 results and mineral reserves and resources

20:45 EST Wednesday, March 03, 2010

- Significant fourth quarter revenue, earnings and cash flow growth -

TORONTO, March 3 /PRNewswire-FirstCall/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its financial and operating results for the fourth quarter and year ended December 31, 2009 and its mineral reserves and mineral resources for the year ended December 31, 2009. All dollar amounts are expressed in United States dollars unless otherwise specified.

2009 FOURTH QUARTER AND FULL YEAR HIGHLIGHTS

Financial and Operating Highlights

Highlights for the three- and twelve-month periods ended December 31, 2009 include:

    -   Total production from continuing operations of 289,456 gold         equivalent ounces (GEO) and 1,025,677 GEO, respectively;     -   Cash costs(1) from continuing operations excluding Alumbrera of $111         per GEO and $170 per GEO, respectively;     -   Revenues of $399.8 million and $1.2 billion, respectively;     -   Mine operating earnings of $184.3 million and $467.5 million,         respectively;     -   Net earnings of $36.2 million and $192.6 million, respectively;     -   Adjusted Earnings(1) of $100.9 million or $0.14 per share and $346.1         million or $0.47 per share, respectively; 

Post says Yamana upgraded on higher bullion prices

2010-01-21 09:28 ET - In the News

The Financial Post reports in its Thursday edition that new and improved forecasts for gold, silver and copper will bolster upside in Yamana Gold shares over the next year, says Dundee Securities analyst Ron Stewart.

The Post's David Pett, writing in Trading Desk, says Mr. Stewart upgraded Yamana to "buy" from "neutral," raising his price target on the miner 50 cents to $14.50. "We recommend investors consider YRI as a relatively stable and liquid precious metal equity based on the current outlook," the analyst said.

The update comes in the wake of Dundee's revised metals forecast that now anticipates gold bullion to average $1,200 per ounce in 2010 versus its previous estimate of $1,065 and $1,325 per ounce in 2011, up from $1,000 (all metal prices in U.S. dollars).

Silver prices are expected to hit $20 this year and $22 in 2011, up from prior forecasts of $17.50 and $16.50, while copper price expectations increased to $3.25 per pound from $3 in 2010 and to $3 from $2.75 in 2011. Mr. Stewart also raised his recommendation on Goldcorp Inc. to "buy" from "neutral."

He said, "Given the increase in our valuation and the recent dip in the share price, we now consider [Goldcorp] to be undervalued."

Globe says Yamana, others top ranking at Sentry Select

2010-01-19 09:32 ET - In the News

See In the News (C-IMG) Iamgold Corp

The Globe and Mail reports in its Tuesday, Jan. 19, edition that Sentry Select Precious Metals Growth manager Kevin MacLean sees opportunity in Iamgold and other gold miners.

The Globe's Shirley Won writes in the Number Cruncher column that Mr. MacLean invests in companies that have what he calls a "high wealth-creation yield."

He says, "These are companies that are adding to their reserves and resources at very meaningful rates relative to the size of the company, and have a high cash-flow yield." He shies away from miners during the construction phase because of concerns about things going wrong. Mr. MacLean sees gold rallying for the next few years.

He says the gold market does not need a weak U.S. dollar to rise because the supply of gold has been declining for a decade now.

"This is a commodity, which has had a persistently declining supply, and now the central banks have backed away from selling it. We are at the lowest level of supply in at least 15 years." Top holdings in Mr. MacLean's Sentry Select Precious Metals Growth fund are Iamgold, Yamana Gold, Jaguar Mining, Allied Nevada Gold, Alamos Gold and Aurizon Mines.

Brian Williams NBC Anchor leaves Canada a Thank You Note...

Leaving behind a thank-you note


Brian Williams, anchor and managing editor

After tonight's broadcast and after looting our hotel mini-bars, we're going to try to brave the blizzard and fly east to home and hearth, and to do laundry well into next week. Before we leave this thoroughly polite country, the polite thing to do is leave behind a thank-you note.

Thank you, Canada:

For being such good hosts.

For your unfailing courtesy.

For your (mostly) beautiful weather.

For scheduling no more than 60 percent of your float plane departures at the exact moment when I was trying to say something on television.

For not seeming to mind the occasional (or constant) good-natured mimicry of your accents.

For your unique TV commercials -- for companies like Tim Hortons -- which made us laugh and cry.

For securing this massive event without choking security, and without publicly displaying a single automatic weapon.

For having the best garment design and logo-wear of the games -- you've made wearing your name a cool thing to do.

For the sportsmanship we saw most of your athletes display.

For not honking your horns. I didn't hear one car horn in 15 days -- which also means none of my fellow New Yorkers rented cars while visiting.

For making us aware of how many of you have been watching NBC all these years.

For having the good taste to have an anchorman named Brian Williams on your CTV network, who turns out to be such a nice guy.

For the body scans at the airport which make pat-downs and cavity searches unnecessary.

For designing those really cool LED Olympic rings in the harbor, which turned to gold when your athletes won one.

For always saying nice things about the United States...when you know we're listening.

For sharing Joannie Rochette with us.

For reminding some of us we used to be a more civil society.
Mostly, for welcoming the world with such ease and making lasting friends with all of us.