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Yamana Gold Inc.YRI.TOTOP PICKMar 05, 2013Stock 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.
(A Top Pick March 7/12. Down 12.09%.) Sold a lot of his stock when it was in the high teens and has just bought it back. Reasonable size company, have control of their costs and it’s a growth company. Thinks it can get to 2 million ounces. The big question is Argentina but right now it is only about 10% of NAV except for this new acquisition, which will bump it up to about 20%. Haven’t had to spend a lot of money on that yet and those are still his question marks. Probably the cleanest company out there.