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Yamana Gold Inc.YRI.TOCOMMENTJun 10, 2015Stock 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.
There is an issue with the CEO’s compensation. This stock is on his radar screen and he has his finger over the Buy button because he likes that it is a low cost operator and shedding off their 3 troubled Brazilian mines in the 3rd quarter. That should help refocus the company on its core assets which are not giving them as many problems. Given the seasonal aspect of July-September, this is not a bad entry point.