Yamana Gold posts big loss on impairment, tax charges

Wed Oct 29, 2014 4:40pm EDT
 
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(Figures in U.S. dollars unless specified)

TORONTO Oct 29 (Reuters) - Yamana Gold Inc reported a big third-quarter net loss on Wednesday, reflecting impairment charges for Brazilian mines and charges related to newly enacted Chilean tax changes.

The Canadian-based gold miner reported a net loss of $1.0 billion, or $1.17 a share, in the quarter ended Sept. 30, compared with net earnings of $43.4 million, or 6 cents a share, in the year-ago period.

The adjusted net loss was $12.5 million, or 1 cent a share, compared with adjusted earnings of $69.5 million, or 5 cents a share, in the year-ago quarter. (Reporting by Susan Taylor; Editing by Richard Chang)