YAMANA GOLD INC. today announced that it has repurchased an initial 1,736,776 common shares outstanding for approximately C$10 million under the Company’s normal course issuer bid as part of its share repurchase program for up to 5% of the outstanding shares. The Company has not established any formulae or price ranges under its normal course issuer bid as it plans to be selective and opportunistic in relation to …
YAMANA GOLD INC. (“Yamana” or “the Company”) (TSX:YRI; NYSE:AUY; LSE: AUY) today announced that it has repurchased an initial 1,736,776 common shares outstanding for approximately C$10 million under the Company’s normal course issuer bid as part of its share repurchase program for up to 5% of the outstanding shares. The Company has not established any formulae or price ranges under its normal course issuer bid as it plans to be selective and opportunistic in relation to share repurchases intending to enter market when permitted and at times when the trading range of its shares do not reflect the underlying value. The Company is committed to further increasing shareholder returns through its capital returns program, and additional share repurchases will be determined based on market conditions, share price, and best use of available cash, in addition to further considerations. Common shares that are purchased under the normal course issuer bid will be cancelled. For further details of the Company’s normal course issuer bid, see the news release dated July 29,...
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