This is the news that keeps me as a investor in Yamana - and there will ...
Suggestion by Jack25bc on 2008-01-15 08:10:37
This is the news that keeps me as a investor in Yamana - and there will be spikes and dips as it rides the price and media buzz of $1000 gold.
Yamana maintained its target of 2.2 million ounces of production by 2012, but Chief Executive Peter Marrone suggested high gold prices could allow the company to hit that level sooner.
In an interview, he said rising bullion prices have been outpacing costs, and that future cash flows could be allocated to speeding up capital projects, along with paying down the company's $330 million net debt, and raising its dividend or buying back shares. "With $900 gold, and silver prices performing even better than gold, what it does is generate more cash flow for the company," he said.
"It allows us to spend more money on accelerating capital programs. That helps us get to that 2.2 million ounces sooner."
from http://www.amprogram.com
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