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

©2010 CTVglobemedia Publishing Inc. All rights reserved.

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.

Bankers Is Rocking Again

Pescos Talks Stock

EAST ASIA MINERALS

Today was recognition that it is a new, new world out

there as India suggests their economy is now chugging

along at 7% GDP growth rate and they feel that within two

years, it will be back up to 9%.

It definitely is a new world out there as China, India and

Asia chug ahead, while the United States looks like it

could be mired in a bit of mess for years to come and

Europe, the old, old world, has too many countries with

too much debt problems.

Of course today making it an almost perfect world was

Greece looking like they are going to do what they have to

do to get their budget in line because after all, wouldn’t it

be embarrassing to have such a historical country declare

bankruptcy down the road.

With all the good news out today, it was a near perfect

day in the markets as oil for a while was above $80.00;

gold was flying and once again, it’s a reminder that as

long as the Indian, Chinese and Asian economies chug

along, our little sector of the world of metals, mining and

oil and gas can still be a profitable niche to be in.

Meanwhile, time to catch up with David Coffin, the Van-

couver-based editor of the Hard Rock Analyst because

East Asia Minerals comes up with another sweet result an-

nouncing 3.2 grams of gold over 61 metres within a much

bigger section of 116 metres of over 2 grams per ton gold.

Coffin suggests that this is just “more of the same in a

market that is still a little bit soggy.” “They keep building

up the resource” he suggests, “slowly and steadily.” We

ask, are they going to be hit like many other stocks with

the curse of PDAC?

Coffin replies that no, he is still more concerned with

tightening financial conditions in China and he doesn’t

think that the debt crisis is over.

Meanwhile, Coffin who had a great seat watching all

the developments on the Olympics, as he could see

Robson Square and the happenings right from his office

window. He takes his hat off to the volunteers of the

Olympic Organizing Committee and suggests that Robson

Square, with the fireworks every so many nights, the free

bands almost every night, all helped it make 17 wonderful

days. He suggested that the weather, which was so un-

usually warm and hurt some of the snow conditions, actu-

ally helped everyone get into the mood and party in down-

town Vancouver.

It truly was folks, an event Canada will be proud of for

some time...

OIL

(V-TAO)

As we mentioned earlier, it’s an almost perfect day world-

wide for the economy and it’s a time that Peter Tertzakian,

Chief Energy Economist at Arc Financial does a look/see at

the oil and gas sector.

He has quite a profile as the author of several books on

energy, but yesterday on a piece he writes, “Back to A Thou-

sand Barrels a Second...After over 18 months of crisis and

recession, world oil consumption has recovered back to

where it was at its pre-crash peak. Numbers published for

December 2009, and January 2010 show that demand for the

wonder-fuel once again touched 86.4 MB/d, or A Thousand

Barrels a Second. It’s a milestone rate-of-consumption that’s

tough to fathom, but can be envisioned by imagining an Olym-

pic sized swimming pool being drained every 15 seconds.

Admittedly, a metaphor from the winter Olympics would be

more appropriate, but frozen liquids don’t flow.”

Tertzakian continues, “A quick conclusion stemming from

this recovery in global oil demand is that one of the primary

pillars supporting positive price momentum is back in place.

That’s true, but consumption is only one pillar. The next indi-

cator that has to start aligning into place is a gradual decline

in OPEC spare capacity. It’s a likely trend; analysis shows

that the current 6.5 MMB/d capacity surplus, twice what it was

18 months ago, should start retreating again by year-end, po-

tentially by up to 8%.”

He continues, “The third pillar of oil price strength, produc-

tion declines among non-OPEC producers, is going to take a

little longer. Nevertheless, two out of three supporting factors

should be enough to gradually reinforce prices by the latter

half of this year.”

He continues, “While the barrels appear to be lining up for

higher prices, it’s too early for Canadian oil producers to pop

open the bubbly. That’s because the character of global oil

consumption, and the dynamics of oil supply, have shifted

over the past year and a half.”

Tertzakian also points to China noting, “China’s year-over-

year oil use continues to lead the emerging world’s uptrend.

Recent numbers continue to validate that world oil consump-

tion is going to grow by another 1.15 MMB/d in 2010. Impor-

tantly, none of the increment will come from North America,

the European Union or Japan.”

Meanwhile, for those looking for ultra-high risk, hopefully

high impact drilling plays, we featured recently, a pick by

Clive Stockdale, the analyst that some time ago got us into

Ultra Petroleum, one of the biggest plays we probably ever

been involved in. He now says Tag Oil is one to watch.