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Yamana Gold Inc.YRI.TOHOLDDec 23, 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.
Wouldn’t be his top pick, as he sees them having less cash flow generation, and more political risk with some of the jurisdictions they are in. They have a lot of mines on the go right now and having a hard time managing the growth operationally. He is getting a little more bullish on golds. (See Top Picks.)