Past year: ▲ 11%(5.80 – 8.03 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
28 May 2020asset acquisition disposition▲ Good
Yamana announced it completed the sale of its royalty portfolio for total consideration of $65 million, finishing the deal announced on February 24, 2020. Only the cover page and exhibit index are provided, so details of the buyer and payment form are not shown.
19 May 2020drilling result▲ Good
Yamana reported significant exploration results supporting mine life extensions at Jacobina and El Peñón, including new secondary veins and extensions of primary vein systems at El Peñón. Only the cover page and exhibit index are provided, so the drill numbers are not shown.
5 May 2020dividend declaration▲ GoodMajor
Yamana raised its annual dividend by 25% to $0.0625 per share. The title says this is its third increase in the past year, for a cumulative increase of 213%. This is far above the last confirmed quarterly dividend of US$0.065 in 2013 only if compared by annual rate, which is an inference.
28 Apr 2020joint venture update● Neutral
Yamana announced the grant of an option with joint venture rights over its Suyai property in Chubut Province (Argentina). Only the cover page and exhibit index are provided, so the counterparty, terms and payments are not shown.
15 Apr 2020asset acquisition disposition▲ Good
Yamana announced the closing of the sale of its Equinox Gold shares (title truncated), completing the transaction announced on April 13, 2020. Only the cover page and exhibit index are provided, so the final proceeds are not shown.
13 Apr 2020asset acquisition disposition▲ Good
Yamana announced the sale of its Equinox Gold shares and warrants for up to C$201 (the title is truncated, so the unit is not shown). Only the cover page and exhibit index are provided, so the number of shares, buyer and terms are not shown.
24 Feb 2020asset acquisition disposition▲ Good
Yamana announced the sale of its royalty portfolio for total consideration of $65 million, creating a new royalty company, as part of continuing portfolio optimization. Only the cover page and exhibit index are provided, so the buyer, the royalties included and the payment form are not shown beyond the title.
20 Feb 2020drilling progress report● Neutral
Yamana issued a press release updating its generative exploration program and its plans to unlock value from advanced and advancing exploration projects, to lay the foundation for its next generation of mines (title truncated). Only the cover page and exhibit index are provided, so no projects, results or budgets are shown.
15 Jan 2020production update▲ Good
Yamana announced that it beat its 2019 production guidance for all metals, that Jacobina topped its revised full-year guidance, and that El Peñón had exceptional quarterly production. Only the cover page and exhibit index are provided, so no production figures are shown.
28 Oct 2019resource reserve update● Neutral
Yamana filed an updated technical report by RPA on its Jacobina mine complex in Bahia, Brazil (report dated September 30, 2019, effective June 30, 2019). The excerpt shows only the table of contents and cautionary language, so the resource and reserve figures are not visible; it follows the 2013 Jacobina production figure in the context.
4 Apr 2018resource reserve update● Neutral
Yamana filed an RPA technical report on the Chapada copper-gold mine in Goiás, Brazil (report dated March 21, 2018). Yamana owns 100% through Mineração Maracá, and production began at Corpo Principal in 2007. Measured and indicated resources, exclusive of reserves, at December 31, 2017 are 356.4 million tonnes with 2.8 million ounces of gold and 1,313 million pounds of copper, with a further 74.6 million tonnes inferred. The report also says Yamana's mines produced 977,000 ounces of gold in 2017, and attributable production was 1,096,000 ounces including a 65.5% weighted-average Brio Gold interest.
4 Apr 2018resource reserve update● Neutral
Yamana filed an RPA technical report on the El Peñón mine in Chile (report dated March 2, 2018). At December 31, 2017, reserves are 4.39 million tonnes at 5.41 g/t gold and 166.9 g/t silver, containing 763.8 thousand ounces of gold and 23.6 million ounces of silver (reserves priced at US$1,250 gold, US$18 silver). Measured and indicated resources, exclusive of reserves, are 317.8 thousand ounces of gold, plus 960 thousand ounces of gold inferred. The mine produces about 3,000 tonnes a day. The 2012 context had 3.7 Moz GEO of reserves, but this report uses different units and is not directly comparable.
6 Mar 2017asset acquisition disposition▲ Good
Yamana announced it raised approximately C$20 million through the sale of Brio Gold common shares. Only the cover page and exhibit index are provided, so the number of shares, price and Yamana's remaining stake are not shown. It continues the Brio Gold monetization (the April 2018 technical reports say Yamana held a 65.5% weighted-average interest in Brio Gold in 2017).
15 Feb 2017drilling progress report● Neutral
Yamana filed a 6-K for a press release titled 'Yamana Gold Provides an Exploration Update'. Only the cover page and exhibit index are provided, so no results are shown.
23 Dec 2016capital raising announcement● NeutralMajor
Yamana announced the closing of the Brio Gold purchase rights offering, per the press release title. Only the cover page and exhibit index are provided, so the amount raised, price and Yamana's resulting stake are not shown. It continues the Brio Gold monetization that began in October 2015 and followed the November 2015 proposed private placement.
28 Oct 2016drilling progress report● Neutral
Yamana filed a 6-K with an exploration update dated October 27, 2016, covering its programs at Gualcamayo, El Peñón and other sites (the title text is truncated). The text provided has only the cover page and exhibit index, so no results are shown.
4 Oct 2016asset acquisition disposition▲ GoodMajor
Yamana announced it raised total consideration of approximately $178 million through completing the sale of its Mercedes mine and monetizing its Sandstorm warrant holdings. This completes the Mercedes sale announced July 2016. The split between the two components and the buyer are not shown in the text provided, and the currency is given only as '$'.
6 Sept 2016drilling progress report● Neutral
Yamana filed a 6-K for a press release titled 'Yamana Gold Provides Exploration Update'. Only the cover page and exhibit index are provided, so no results or sites are shown. It continues routine exploration reporting.
29 July 2016asset acquisition disposition● NeutralMajor
Yamana announced the sale of its Mercedes mine in Mexico, described in the subtitle as a strategic transaction to reduce its net debt position. Only the cover page and exhibit index are provided, so the buyer, price and terms are not shown. Mercedes was a 100%-owned operating mine in the context (reserves about 1.0 Moz GEO at end-2012).
23 Nov 2015capital raising announcement● NeutralMajor
Yamana announced a proposed private placement of shares of Brio Gold, with a subtitle saying the intention to monetize a non-core asset is advancing according to plan. Only the cover page and exhibit index are provided, so size, price and Brio Gold's assets are not shown. It continues the Brio Gold monetization initiative from October 2015.
27 Oct 2015debt financing● NeutralMajor
Yamana announced metal purchase agreements with Sandstorm and an update on its Brio Gold monetization initiative, with a subtitle saying proceeds will be applied to the balance outstanding on its revolving credit facility. Only the cover page and exhibit index are provided, so the amounts, mines and metal volumes are not shown. It signals paying down the revolving credit facility (US$680M facility in the context) and begins a Brio Gold monetization thread.
31 July 2015drilling progress report● Neutral
Yamana filed a 6-K for a press release titled 'Yamana Gold Provides Brazilian Exploration Update'. Only the cover page and exhibit index are provided, so no drilling results or locations are shown. It continues the company's exploration reporting in Brazil, where it operates Chapada, Jacobina and others.
18 Feb 2015dividend declaration● Neutral
Yamana announced a dividend reinvestment plan, per the press release title. Only the cover page and exhibit index are provided, so the plan's terms, any share discount and the dividend amount are not shown. It relates to the existing quarterly dividend (US$0.065 per share as last seen in the context), but no change to that rate is stated.
3 Feb 2015capital raising announcement● NeutralMajor
Yamana announced the closing of a C$299.3 million equity financing, including full exercise of the over-allotment option, per the press release title. Only the cover page and exhibit index are provided, so the share price, number of shares issued and use of proceeds are not shown. New shares were issued, so existing holders' stakes are diluted (inference from the title).
6 Oct 2014material agreement● Neutral
Yamana filed a 6-K whose press release title says it signed a memorandum of understanding with the Government of Catamarca (a province of Argentina). Only the cover page and exhibit index are provided, so the terms, project and any commitments are not shown. Which Yamana asset it relates to is not stated.
19 Aug 2014resource reserve update● Neutral
Yamana filed an NI 43-101 technical report on the Canadian Malartic property in Quebec, effective June 16, 2014 and signed August 13, 2014. The report's contents include resource and reserve estimates, but the excerpt shows only the table of contents, so no tonnage, grade, cost or ownership figures are available. It supports disclosure on the Canadian Malartic interest gained in the June 2014 Osisko acquisition with Agnico Eagle.
25 June 2014debt financing● NeutralMajor
Yamana announced the pricing of US$500 million of 10-year unsecured senior notes, per the press release title. Only the cover page and exhibit index are provided, so the coupon and use of proceeds are not shown. It comes days after the Osisko/Canadian Malartic acquisition closed; whether the two are linked is not stated (an inference only).
17 June 2014business combination● NeutralMajor
Yamana filed a 6-K for a press release titled 'Yamana Gold and Agnico Eagle Complete Acquisition of Osisko Mining Corporation and the Canadian Malartic Mine', dated June 16, 2014. The text provided contains only the cover page and exhibit index, so the price, Yamana's share and any financing are not shown. The title indicates a new acquisition for Yamana, done jointly with Agnico Eagle, now completed.
30 Apr 2014resource reserve update▲ GoodMajor
Yamana filed a 6-K for a press release announcing results of the Cerro Moro feasibility study, with the subtitle 'Reduced initial capital expenditure providing significant returns'. Only the cover page and exhibit index are provided, so no capital cost, production or return figures are available. Cerro Moro is the Argentine project acquired with Extorre in August 2012, so this follows up the plan to define a development path.
28 Mar 2014resource reserve update● Neutral
Yamana filed three independent technical reports (dated February 2014, prepared by RPA) on Jacobina, Mercedes and Chapada. The text shown covers only Jacobina: Yamana owns 100%, it produced 73,695 ounces of gold in 2013 from 1.58 million tonnes of ore, and the mill has nominal capacity of 195,000 tonnes a month. These reports support the company's reserve and resource disclosure; the Mercedes and Chapada contents are not shown.
