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Yamana Gold Inc.YRI.TOCOMMENTJul 29, 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.
They still seem to have the cash flow to cover their dividend. People are questioning what is going to happen to the reserves at Cerro Morro. The Malartic mines seem to be doing well. This is not really a low cost producer. If he were to see gold go under $1000 an ounce, a lot of these companies would be beat up even more, and we are not that far away from there.