Yamana Gold Inc. announced earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue was $428.1 million against $438 million a year ago. Mine operating earnings were $55.2 million against $54.3 million a year ago. Net loss from continuing operations was $36.8 million against net earnings from continuing operations of $30.3 million a year ago. Net loss attributable to company equity holders was $34.7 million against net earnings attributable to company equity holders of $34.8 million a year ago. Net loss from continuing operations per share - basic and diluted was $0.04 against net earnings from continuing operations per share - basic and diluted of $0.03 a year ago.

For the period, the company reported revenue was $831.6 million against $838.9 million a year ago. Mine operating earnings were $114.8 million against $133.3 million a year ago. Net loss from continuing operations was $42.8 million against net earnings from continuing operations of $66.5 million a year ago. Net loss attributable to company equity holders was $40.9 million against net earnings attributable to company equity holders of $71.3 million a year ago. Net loss from continuing operations per share - basic and diluted was $0.05 against net earnings from continuing operations per share - basic and diluted of $0.07 a year ago.

Total production was 244,607 ounces of gold from Yamana's six producing mines (275,437 ounces of gold including attributable production from Brio Gold Inc.). The Company also produced 1.32 million ounces of silver, representing an increase of 22% compared to the first quarter of 2017, and 29.1 million pounds of copper, representing an increase of 10% compared to the first quarter of 2017.

The company reaffirms production guidance for the full year of 2017. The company's outlook for full year production expectations and guidance relating to the Company's six producing mines is 940,000 ounces of gold. The Company had anticipated that 46% of gold production would be delivered in the first half of the year, with the balance delivered in the second half of the year. As at midyear, the Company has tracked 6% or approximately 30,000 ounces above the anticipated first-half weighting of production, and as such, the Company remains well positioned to achieve its stated production guidance for the year. The Company reiterates production and cost guidance across all metals for the year.

The company announced the appointment of Andrea Bertone to its Board of Directors ("the Board"), effective immediately. Ms. Bertone has nearly 20 years of senior management experience in the energy industry in the Americas and most recently held the position of President of Duke Energy International LLC ("Duke Energy"), where she reported directly to the Chief Executive Officer of the largest utility in the United States. In this role, and based in the United States, she was responsible for operations across South and Central America. Prior to her role as President of Duke Energy, Ms. Bertone spent nearly 10 years in increasingly senior management roles with Duke Energy and its subsidiary companies.