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Yamana Gold Inc.YRI.TOCOMMENTJan 22, 2018Stock 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.
Hasn't had any position in natural resources for quite some time, but did recently initiate positions in the commodity resource sector through Franco Nevada (FNV-T) and Kirkland Lake (KL-T). As we get later in the cycle, commodity type stocks tend to do well. Also, inflation is picking up and that is a time when gold is a nice hedge. This might be a decent time to start adding positions to these types of companies. He would prefer being exposed to either a gold ETF or a royalty company like Franco Nevada.