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Yamana Gold Inc.YRI.TOCOMMENTAug 27, 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.
Just finished an acquisition in Argentina which looks like a very promising ore body but people are worried about political risks that are starting to surface in some areas of South America. Have a fairly good production profile going forward and $19 would not be out of the question. Trading at 1.7X Price to Book and 17X forward earnings, which looks pretty good within the area.