IN BRIEF: Yamana Gold seeks to redeem all outstanding notes up to 2024

Yamana Gold Inc - Toronto, Ontario, Canada-based precious metals producer - Provides irrevocable ...

Alliance News 6 August, 2021 | 7:26PM
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Yamana Gold Inc - Toronto, Ontario, Canada-based precious metals producer - Provides irrevocable notices for the redemption of all outstanding notes due 2022, 2023 and 2024, which is expected to significantly improve the company's debt.

The offering of USD500 million in 2.630% senior notes due August 15, 2031 has already been completed, the proceeds from which will go towards redeeming the existing notes.

Redeeming the notes will also give Yamana further financial flexibility, and increase the rate of shareholder cash returns in the form of dividends and potential buybacks.

Current stock price: 320.25 pence, down 2.4%

Year-to-date change: down 25%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Yamana Gold Inc 307.50 GBX -3.45 -
Yamana Gold Inc 5.37 CAD 1.51 -

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