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Yamana Gold Inc.YRI.TOCOMMENTMay 31, 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.
Likes this but trying to pick a bottom in golds is very, very tough. He thinks it is all a function of that ETF. That gold ETF is under distribution and it could take a decade or more to get to the bottom of where gold is going to be. You can trade on little bounces. This one is probably going to bounce to the $15 level.