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Yamana reports Q4 profit, foresees hiatus in capital spending

Canadian miner Yamana Gold said Thursday it foresees a break in significant expansionary capital spending after completion of the Cerro Moro mine and the Barnat extension at Canadian Malartic mine in 2018.
The Toronto-headquartered company said it is targeting significant cash flows starting in 2018, given the expected reduction in capital spending and increase in production over the guidance period to 2019.