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Yamana Gold Inc.YRI.TOCOMMENTAug 24, 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.
He is bullish on gold, but fully expects a pullback in the next little while. This one is similar to a lot of producers and similar to the pattern on bullion. Broke the downtrend earlier this year, began to move up, and has now pulled back to possibly a short-term trend line. As long as you don’t see massive deterioration, it would still be healthy from a technical perspective.