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Yamana Gold Inc.YRI.TOCOMMENTJul 20, 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.
About 20% of their assets are in Argentina and that could grow if they wanted to. Owns a little bit of this but it is not his favourite. Has quite a bit of leverage on the upside. Rates it as a Neutral with a $16.50 target. Good jurisdiction with a lot of their holdings in Canada.