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Yamana Gold Q4 adjusted profit up on higher metal

February 23, 2012


TORONTO (Reuters) – Yamana Gold reported on Wednesday an 8 percent increase in fourth-quarter adjusted profit on higher precious metal prices and a boost in concentrate sales volume. The Toronto-based gold miner also announced an 11 percent boost in its overall reserves and said it would increase its annual dividend by 10 percent to 22 cents. On an adjusted basis, earnings for the quarter ended December 31, rose to $184.2 million, or 25 cents a share from $170.98 million or 23 cents per share. That was slightly above analyst expectations of 24 cents a share on revenue of $601. …


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