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Yamana hits debt target, revisits dividend

Yamana Gold expects to hit its debt-to-EBITDA [earnings before interest, tax, depreciation and amortisation] target about two years ahead of schedule due to increased cash flows and the sale of its share holding in Equinox Gold, executive chairman Peter Marrone has told Mining Journal.

Paul Harris
Cerro Morro in Argentina

Cerro Morro in Argentina

"We have always been comfortable with our debt level but after the sale of Chapada last year brought our debt level below 1.5-times EBITDA and our target for 2021 was to be below 1-times. We are now at...

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