Yamana likely to review 2020 targets as mines track above guidance

Canadian precious metals miner Yamana Gold on Monday reported strong second-quarter production results, with its output currently tracking above its revised guidance for the year.

The dual-listed miner produced 164 141 oz of gold and 2.01-million ounces of silver, for total gold equivalent ounce (GEO) output of 183 582 in the June quarter.

“Overall production and production from most mines exceeded plan and the production for the quarter implied in the company’s annual guidance,” Yamana stated in its second-quarter results announcement, noting that it would evaluate further updates to its guidance in the third quarter.