Canadian Business reported that Yamana Gold’s profits in Q3 were down year-over-year, due to a substantial charge from an increase in Chilean tax rates.

As quoted in the market report:

The gold miner, which keeps its books in U.S. dollars, said Monday the profit amounted to eight cents per share for the quarter ended Sept. 30, down from $115.8 million or 16 cents per share a year ago.

To view the whole Canadian Business report, click here.