Yamana Gold begins trading on London Stock Exchange

Americas-focused Yamana Gold has commenced trading on the Main Board of the London Stock Exchange (LSE), adding to its primary listing in Toronto and a secondary listing in New York.

The company’s shares ended a first day of trading in London at £467.50, under the ticker AUY.

“We offer gold exposure via a high-quality, long-life asset portfolio in the Americas, organic production growth, a commitment to providing and increasing cash returns to shareholders, and a commitment to adhering to high ESG standards,” said Yamana’s executive chairman Peter Marrone.

Canada-based Yamana recently increased its full-year production guidance to 915,000 ounces of gold equivalent, after exceptional operational performances in the June quarter at its Jacobina mine in Brazil, El Peñón and Minera Florida in Chile and the Canadian Malartic operations.

The miner produced 201,772 ounces of gold and 3.04 million ounces of silver in the three months to September-end. Total gold equivalent production was 240,466 ounces.

Yamana will also hike its dividend by a further 50% to $0.105 per share for the fourth quarter of the year. At the new rate, the dividend will be 425% higher than it was 18 months ago.

@RGNonline