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Yamana Gold Inc.YRI.TOSELLJul 06, 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.
This is a case of a company that was well loved and was recommended by a lot of professionals. The chart shows an advance from 2010 up to the end of 2012, followed by a break down. Bullion made a low in mid-2013 and mid-2014, and this company took out the lows of the broader indices and gold, so it is a poor relative performer. He would ignore the story and move on to other gold stocks. If you’re going to go for gold, buy a basket suchs as the iUnits XEG-T, BMO ZJG-T or iUnits XGD-T.