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Yamana Gold Inc.YRI.TODON'T BUYDec 02, 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.
Like a lot of North American golds, you have “all in sustaining costs”, so not just what you produce, but what you have to spend to keep mines up and running. That is the number you should be looking at. This one is over $1200, so like most of the others you need higher gold prices for it to rebound. This doesn’t excite him in the short term. He would like to see it turn first, even if he misses the first 10%-15%, and then look at it.