Oil prices ushers in low-cost era

摘要

Speaking at an investment conference, chief executive Peter Marrone said costs for inputs such as oil, combined with weaker currencies in countries where Yamana operated, meant the third quarter of 2009 would likely stand as the high point for costs. "My view is that we are back into an environment from a cost perspective - or at least in 2009 we will be - that will be consistent with late 2004 and 2005," he said, pointing to the last time oil prices were at current levels.