50% off Premium Yearly
Yamana Gold Inc.YRI.TOCOMMENTAug 17, 2012Stock price when the opinion was issued
As of Apr 03, 2023. Market Open.
They basically broke up the company to have the marginal Brazilian assets in Equinox. They sorted out their balance sheet.
This is been great, especially in the last year. Had a lot of mines on the go that they were having trouble getting started, particularly in South America but they are all starting to come in now. Has outperformed the group pretty dramatically. Trading at a bit of a premium now to its NAV so he has trimmed his holdings.