Yamana Gold (AUY) schools Renaud Adams of New Gold (NGD) on how to work Gold Equivalent - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Yamana Gold (AUY) schools Renaud Adams of New Gold (NGD) on how to work Gold Equivalent, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Yamana Gold (AUY) schools Renaud Adams of New Gold (NGD) on how to work Gold Equivalent
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Yamana Gold (AUY) schools Renaud Adams of New Gold (NGD) on how to work Gold Equivalent

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04/30/2020

TORONTO, April 30, 2020 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) herein provides its updated 2020 production outlook.

Production Outlook

The 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

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