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Yamana Gold Inc.YRI.TODON'T BUYApr 09, 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.
We are in an environment where gold stocks have been underperforming for a couple of years now. They seem to be trying to find lows at these levels, but he is not a “bottom fisher”. Golds are having a bounce today after weeks of abysmal price behaviour. Seasonally this doesn’t tend to be a great time to buy golds. He prefers to see a meaningful change in price trend before stepping in.