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Yamana Gold Inc.YRI.TOCOMMENTOct 26, 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.
Based on global inflation expectations, he thinks we have seen a bottom in gold, and it is going to work its way higher over time. However, the shorter-term picture is really dictated by interest rates. If the Fed makes an interest rate hike in December and it seems like things are on hold for a while, gold will probably stabilize and start working its way back up based on inflation. He has taken his gold position down, but is now starting to look at it again.