Yamana lifts gold guidance on back of RDM acquisition

Bolstered by strong first-quartered output and with the addition of the Riacho dos Machados (RDM) mine, in Brazil, TSX- and NYSE-listed Yamana Gold on Monday said it was increasing its guidance for gold output over the next three years. Toronto-headquartered Yamana said it now expected now expected 2016 output to range between 1.26-million and 1.33-million ounces, up from 1.23-million to 1.31-million previously, and 1.3-million ounces in 2017 and 1.46-million in 2018.