0.13%SPY 128.17 
0.54%WM 4.65 20.10%
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NEW YORK - Yamana Gold Inc. said Wednesday its first-quarter profit more than doubled on higher production and higher prices.
| AUY | 12.73 |  -1.04 |
For the three months ended March 31, the Toronto-based company's net earnings rose to $63.1 million from $27.4 million in the year-earlier quarter. Yamana did not provide a per-share figure for its net earnings.
The company's adjusted net earnings, which corresponds to analyst consensus estimates, rose to $134.7 million, or 20 cents per share, compared with $47.3 million, or 13 cents per share, in the year-earlier period.
Analysts polled by Thomson Financial expected, on average, earnings per share of 14 cents.
Revenue climbed to $356.1 million from $145.1 million. Analysts expected revenue of $340 million.
Production jumped 97 percent from the previous year's quarter.
The average realized gold price rose to $927 per ounce from $645 per ounce.
Shares rose 44 cents, or 3.2 percent, to $14.19 in aftermarket trading after losing 19 cents to $13.75 during the regular session.
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