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Yamana Gold Inc.YRI.TOCOMMENTMay 06, 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.
A gold producer and generally speaking is a pretty good operator. Gold prices were at around $1900, but have dropped to about $1300 and gold stocks will reflect, in a large part, movement in gold prices. This company does not hedge its production so if gold prices go down they are going to get less money. She does not see this going back to its prior highs in the near-term.