Capital spending should fall as Yamana completes Cerro Moro, boosting free cash flow generation.
Yamana Gold reported decent third-quarter results that had few surprises. Performance was good excluding the results from 55.6%-owned Brio Gold. At the core mines, production rose 3% to 256,359 ounces, and all-in sustaining costs declined 7% to $874 per ounce from the prior-year quarter. Including the attributable ounces from Brio Gold, production rose 1% and AISC fell 6%. For the full year, Yamana maintained its cost guidance and slightly raised its 2017 production guidance. The company continu...
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