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Yamana Gold Inc.YRI.TOBUYNov 21, 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.
Gold is one of the toughest calls out there. Got out of it a couple of months ago, but is now getting a little bit nervous about not owning it. Had a nice rally and is at the critical $1200 level, which is the cost of production for a lot of these companies. Even though there is some downside risk to gold in the shorter term, ultimately all this money creation and appreciation of the currencies will ultimately be a positive for gold. He is comfortable owning this one in this range.