November 2, 2011 / 8:55 PM / 6 years ago

UPDATE 1-Yamana operating profit climbs on high gold price

(In U.S. dollars unless noted)

TORONTO, Nov 2 (Reuters) - Yamana Gold (YRI.TO) said on Wednesday its quarterly operating profit rose 34 percent due to increased production and a sharply higher gold price.

    Yamana, which owns mines and projects spread across Chile, Argentina, Brazil and Mexico, said that excluding unrealized foreign exchange losses its earnings in the period were $190.3 million, or 26 cents a share, up from C$117.3 million, or 16 cents a share, a year earlier.

    Net income in the quarter ended Sept. 30 was $115.8 million, or 16 cents a share. That compared with a year-earlier profit of $139.2 million, or 19 cents a share. (Reporting by Euan Rocha; editing by Peter Galloway)

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