BRIEF-Yamana says expansionary capital spending for 2014 expected to be about $150 mln

Mon, 10 Feb - 9:38pm

Feb 10 (Reuters) - Yamana Gold Inc YRI.TO :

* Provides preliminary 2013 operating results and future outlook

* Says cash flow expectations for the fourth quarter should be above levels in

the second quarter

* Says Yamana is conducting a review of its assets for possible impairment

charges

* Says has budgeted production of 1.4 million geo

* Rpt - Yamana Gold Inc YRI.TO - silver production is expected to be

approximately 8.8 million ounces in 2014

* Prelim analysis indicates that non-cash impairments may be possible at

alumbrera, ernesto/pau-a-pique, jeronimo & other minor properties

* Budgeted production of 1.4 million geo in 2014 at all-in sustaining cash

costs below $850 per geo on by-product basis

* Says total non-cash impairment is expected to be approximately six percent of

total asset book value

* Says estimated cash costs for 2014 are forecast to be in line with 2013 on

both a co-product and by-product basis

* Says expansionary capital spending for 2014 expected to be about $150

million, "significantly lower" than 2013

* Source text for Eikon News Search ID:nMKWS5d01a

* Further company coverage YRI.TO

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140210:nASA08QYL:13
Topics: 
MNGISS US RES CMPNY CA PREC MINE BLR LEN RTRS BACT MIN GDM RESF BMAT MTAL AMERS MEMI

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