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Yamana Gold Inc.YRI.TODON'T BUYJul 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.
He has not been a big gold player in the last 6 months. Would rather be involved in equities. However, gold stocks are starting to look interesting because the valuations have been crushed. He would buy them more as a value play, but given the caveat that the value is determined largely by the price of gold. On this one, he would be a little bit concerned because 30% of their assets are in Argentina and that is not a place where he would want to have 30% of his assets.