Yamana Gold Swings To Q2 Loss

(RTTNews) - Yamana Gold Inc. (AUY,YAU.L,YRI.TO) Wednesday reported second-quarter net loss of $7.9 million or $0.01 per share, compared to net income of $42.9 million or $0.06 per share last year.

Adjusted earnings for the quarter were $50.2 million or $0.07 per share, compared to $134.9 million or $0.18 per share last year. Analysts polled by Thomson Reuters expected earnings of C$0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter dropped to $430.5 million from $535.7 million last year. Analysts estimated revenues of C$488.01 million for the quarter.