04/30/2020TORONTO, April
30, 2020 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY)
(“Yamana” or the “Company”) herein provides its updated 2020 production
outlook.
Production OutlookThe Company has revised total gold, silver and
gold equivalent ounce (“GEO”) production expectations for 2020 as a
result of the impact of COVID-19. Gold has had an exceptionally strong
performance as a hedge against risk and the current negative interest
rate yield environment, in relation to silver price, which has
significantly increased the GEO ratios observed in the market, vis-à-vis
initial guidance. Consequently, this increase in GEO ratio, which
results in silver production being accounted for as less ounces in gold
equivalent terms, has an impact to GEO guidance that is disproportionate
to the impact experienced in gold and silver production because of
COVID-19. The remainder of the change is attributable to the impact of
COVID-19, in relation to the temporary suspension of operations, ramp up
and resulting changes to the mine plans for the remainder of the year.
Learn it, Renaud. Don’t be stupid, Renaud. Stupid is not good when you are a CEO, Renaud. And ewww, just imagine Peter Marrone knowing more than you about anything…ewww