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TORONTO (AP) — TORONTO (AP) — Yamana Gold Inc. (AUY) on Wednesday reported a fourth-quarter loss of $1.13 billion, after reporting a profit in the same period a year earlier.
The Toronto-based company said it had a loss of $1.18 per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The gold mining company posted revenue of $457.2 million in the period.
For the year, the company reported a loss of $982.3 million, or $1.02 per share, swinging to a loss in the period. Revenue was reported as $1.81 billion.
Yamana Gold shares have risen 6.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.91, a rise of roughly 7% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AUY">Zacks stock report on AUY at https://www.zacks.com/ap/AUY