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Yamana Gold Inc.YRI.TOCOMMENTJun 07, 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.
This has been doing some interesting things lately. They recently participated in a gold offering and lowered their interest in that from about 80% down to about 55%. That helped address some of their balance sheet issues. They have some growth going forward that looks promising. The real thing is going to be the execution they have at Serra Morro. Depending on how well that execution occurs, will really tell how well the stock performs within the environment.