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Yamana Gold Inc.YRI.TOCOMMENTJun 13, 2016Stock 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.
Thinks the future is generally pretty positive for gold. This may be under pressure because of its record of acquisitions and growth through acquisitions, which is less favourable than organic growth. Have also had a couple of years of production misses/cost overages. Doesn’t think there is anything hugely wrong and the sector overall is going to do well. (See Top Picks.)