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Yamana Gold Inc.YRI.TOTOP PICKMar 28, 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.
Thinks golds will start to do well, the longer gold does not go up. Has been a good performer because of execution. There will be a desire for investors to get leveraged exposure to gold, such as through this one. Their big cap-X program ends this year and they go into significant free cash flow. Fully expects dividend to increase.