Canadian miner Yamana Gold has increased its 2017 guidance to 940 000 oz o gold, from 920 000 oz of gold previously, after reporting a strong operating and financial start to the year.
The reduction, when compared with the one-million ounces achieved in 2016 is mainly owing to a new production plan developed at El Peñón, in Chile, for the current and following years. The company believes the revised plan is more conducive to sustainable production over a long period, and considers existing mineral reserves, conversion of mineral resources and recent narrow vein discoveries.
