Yamana Gold Reports Production Results for the Year 2015; Provides Production and Capital Spending Guidance for the Year 2016; Provides Capital Spending Guidance for the Second Half of 2016
For 2016, the company expects to deliver gold production of 1.23 Moz to 1.31 Moz, silver production of 6.92 Moz to 7.17 Moz and copper output of 122 Mlb to 125 Mlb.
The company's capital spending for 2016 is expected to be approximately USD 120 million, while its exploration
budget for the year is seen at USD 82 million, focusing on near mine exploration and ounces that can most quickly be brought into production. Sustaining capital is expected to be USD 275 million.
Total capital spending is expected to be more heavily weighted in the second half of the year 2016.