Here’s an investment opportunity for you to consider. Toronto, Canada-headquartered Yamana Gold Inc. produces gold and other precious metals through mining and related activities, including exploration, extraction, processing and reclamation.
Lead by Chairman and CEO Peter Marrone, Yamana has properties involved in the production, development, and exploration of gold and other precious metals throughout the Americas, including Brazil, Argentina, Chile, Mexico and Colombia. Yamana Gold Inc. operates in five segments: Brazil, which includes Chapada, Jacobina, Fazenda Brasileiro, development projects in the segment; Chile, which includes El Penon, Minera Florida, development projects in the segment; Argentina, which includes Gualcamayo, development projects in the segment; Mexico and other, which consists of Mercedes and other development projects, and Canada.
Mr. Marrone founded Yamana Gold Inc. as President and Chief Executive Officer in 2003, and was appointed Chairman of it in 2007. Mr. Marrone served as a Strategic Advisor of Vaaldiam Resources Ltd. Prior to Yamana, he served as an Executive Vice President and Managing Director of Investment Banking at Canaccord Capital Corporation from 2001 to 2003, and was a Partner at the law firm of Cassels Brock & Blackwell LLP, where he practiced in the area of securities law with a strong focus on mining and international transactions. He served as Corporate Secretary at Centrinity Inc. Peter Marrone has more than 25 years of business and capital markets experience and has been on the boards of a number of public companies and advised companies with a strong South American presence. Mr. Marrone holds a Bachelor of Laws degree and was a Partner at the law firm of Cassels Brock & Blackwell LLP, where he practiced in the area of securities law with a strong focus on mining and international transactions.
The company acquired Extorre Gold Mines Ltd. in 2012 and it now plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas.
Yamana Gold (NYSE: AUY) last issued its quarterly earnings data on February 20, 2013, when it reported $0.26 EPS for the quarter, thus beating the Thomson Reuters consensus estimate of $0.25 by $0.01. It had revenue of $629.50 million for the quarter, compared to the consensus estimate of $674.11 million. During the same quarter in the prior year, Yamana posted $0.25 EPS. Its quarterly revenue was up 10.7% on a year-over-year basis. On April 13, Yamana Gold Inc. had a stock (NYSE:AUY) price of $13.27, market cap of $9.98 billion, average volume of 3.56 million, P/E ratio of 22.17, EPS of $0.60, dividend of $0.07, dividend yield of 1.97%, and an ex-dividend date of March 26, 2013. On average, analysts predict that Yamana will post $1.08 EPS for the current fiscal year.
The company specified on April 10 that it will release its 2013 Q1 results after market close on April 30 followed by a conference call and webcast on May 1, 2013 at 8:30 am ET. Yamana will host its annual meeting of shareholders on May 1, 2013 at 11:00 am ET.