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Yamana Gold Inc.YRI.TOCOMMENTMar 25, 2014Stock 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.
Has a small position. Right now he is focusing more on some of the mid-cap names. Brazilian riel is having a positive impact, but he is a little concerned with companies that have a large base metal by-product credit, just because of some of the things that are going on in China right now. There have been some issues of copper inventories being held for collateral. Copper inventories in Shanghai are starting to get quite high. Not terribly excited about this company.