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Yamana Gold Inc.YRI.TODON'T BUYMay 28, 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.
Virtually all the gold stocks are sinking. It looked like gold was going to break out for a while, sort of held its ground, but has now broken down. He has recently sold some of the stock. Doesn’t think the stocks will move until there is some inflation on the horizon, which doesn’t seem to be in the cards. Gold hardly twitched with the Ukraine situation.