Gold miner Yamana Gold has had one of its “more important and exciting” quarters in the three months ended June, which president and CEO Daniel Racine said on Thursday should allow it to pursue growth opportunities at its mines in Brazil and Argentina.
The gold miner significantly bolstered its net free cash flow to $122.9-million in the June quarter, from $48-million a year earlier. It also improved its balance sheet by using the proceeds from the sale of the Chapada mine, in Brazil, to retire outstanding debt.