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Yamana Gold Inc.YRI.TOCOMMENTJan 04, 2017Stock 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.
They tried to do a Rights Offering to spin out Brio Gold, and only about 25% were taken up. It has left the company with a bit of a debt situation. Going into 2018, they are going to have to raise some money somehow, to pay down some debt. There are other options where you don’t have this overhang.