Yamana third-quarter profit drops on lower metal prices

Tue Oct 29, 2013 4:27pm EDT
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Oct 29 (Reuters) - Yamana Gold Inc reported a 28 percent decline in third-quarter profit on Tuesday, due to lower realized commodity prices and lower earnings from the company's stake in the Alumbrera mine in Argentina.

The gold miner reported a net profit of $43.5 million, or 6 cents a share, compared with $60.0 million, or 8 cents a share, in the same year-ago period.