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Yamana Gold Inc.YRI.TODON'T BUYJul 14, 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.
Gold stocks have a problem because gold is not in an uptrend. Also, their costs don’t change much as the price goes down. Unless they are hedging out their commodity, it can be an uglier story for the producers. Chart shows it has been in a pretty long downtrend from late 2012 and is having trouble finding support. There is nothing below its current price that would act as a support.