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Yamana Gold Inc.YRI.TOCOMMENTSep 03, 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.
Production growth is very good over the next few years. Have a number of issues ramping up with new mines in Brazil, but that should already be priced into the stock. Malartic is a great acquisition for both this company and Agnico Eagle. There will be more value over the next couple of months as they explain how they are going to grow production. This will be a big cash flow generator for them. Not his favourite right now as they are having problems hitting production guidance. The Brazil issue is still an overhang. Also, have assets in Argentina which is still a political issue.