Yamana Gold Reports Strong Third Quarter 2020 Financial Results; Highest Operating Cash Flows Since 2015 of $215.0 Million; Year-Over-Year Free Cash Flow Up More Than 300%; Net Debt Declines a Further $148.9 Million

TORONTO, Oct. 29, 2020 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or “the Company”) reports its financial and operational results for the third quarter of 2020. The Company posted strong quarterly production and impressive financial performance with increased earnings, EBITDA, cash flow and free cash flow (3) and continuing increases in cash balances.

THIRD QUARTER HIGHLIGHTS

Strong Adjusted Net Earnings (1) and Cash Flows, Further Reduction in Net Debt (3) Adjusted net earnings (1) of $92.9 million or $0.10 per share basic and diluted compared to adjusted net earnings of $49.5 million or $0.05 per share basic and diluted a year earlier.

Net earnings were $55.6 million or $0.06 per share basic and diluted compared to net earnings of $201.3 million or $0.21 per share basic and diluted a year earlier. (1) Strong cash flows from operating activities of $215.0 million and cash flow […]

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