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Yamana Gold Inc.YRI.TOTOP PICKJun 17, 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.
Acquired Osisko (along with Agnico Eagle (AEM-T)), which she likes. Also, likes what the arbitrage traders did to the stock. Also, had a disappointment in a couple of their smaller mines which she is not too worried about. The 2nd half of the year is basically the time, seasonally for gold. Once a commodity has stabilized, which this has done since last summer, you get a lot of M&A in the space and you get the stock really moving without having the commodity having to move much.