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Yamana Gold Inc.YRI.TOCOMMENTSep 04, 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.
At this price, he would certainly begin to look at this. Have always been a very disciplined company. Very good at controlling costs and costs of production have been coming down. Until recently it has been a bit of a premium to a lot of the other, more senior golds, because you are paying a lot for some prudence. Also, going out over the next couple of years, he doesn’t see the growth in their production profile that he sees in some of the other companies. He prefers companies that have a higher probability of growth and production as well as strong cost control and effect of management.