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Yamana Gold Inc.YRI.TOCOMMENTAug 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.
His system is telling him that the balance sheet of this company is not good. There is something on the balance sheet that has to be written off. He wouldn’t buy any more of this unless it went over $3.81. Expects there will be bad news coming in terms of write offs. There has been an 11% correction in the US$, therefore gold should be going up, but it hasn’t done anything.