The company recently raised C$10.9 million for exploration at its Dixie properties.

The company's flagship property is the Windfall gold project 200 km northeast of Val-d’Or, Québec.

If Congress rewrote the laws to force the Fed to operate monetary policy so as to stabilize gold's value in dollar terms, Powell said, unemployment could rise or inflation could swing wildly.

Second quarter production reached 257,556 gold-equivalent ounces, which Yamana says exceeded plan.

Production across the company's operations totaled 214,593 ounces in Q2 2019.

The company's gold production fell to 34,338 ounces in the three months to June 30 from 45,098 ounces in the previous quarter, equivalent to a 43% drop from Q2 2018.

Tourmaline breccia at the Red Springs project contains tourmaline which shows chaotic zonation, typical of mineralized porphyry systems.

Global holdings in gold-backed ETFs and similar products grew by 127 tonnes (equivalent to $5.5 billion in inflows) in June.