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Yamana Gold Inc.YRI.TOWATCHDec 31, 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 companies are looking for opportunities to lower the costs and stay economic. Lower gold prices have made a difficult for them. This has been hammered during the past year and is finally showing signs of bottoming and starting to form a nice little base pattern. If it moves above its trading range, then it is off to the races. Gold has 2 periods of seasonal strength, July through to October and the middle of December through to the middle of March. Watch for gold and gold stocks to move significantly higher on a seasonal basis.