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Yamana Gold Inc.YRI.TODON'T BUYDec 16, 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 had a very strong day today, which is really confusing considering that we have the US$ generally going higher, and that there was a rate rise coming. Typically not a good time for gold. His expectation is that gold will continue to go down, or at least stay flat. This company has disappointed the street in meeting its own forecasts on a couple of occasions. It also has had some controversial executive payments. He would be avoiding the space.