Yamana reports Q4 profit, foresees hiatus in capital spending

Canadian miner Yamana Gold on Thursday said it foresees a break in significant expansionary capital spending after completion of the Cerro Moro mine, in Argentina, and the Barnat extension at the Canadian Malartic mine, in Quebec, in 2018. The Toronto-headquartered company said it is targeting significant cash flows starting in 2018, given the expected reduction in capital spending and the increase in production over the guidance period to 2019.