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Yamana Gold Inc.YRI.TOCOMMENTJan 23, 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.
It's rare for him to recommend a gold company, but occasionally he does. This company is extremely levered to the price of gold. They've had a bit of issue with their balance sheets and still have a way to go. There are other less levered ways you can go, within the gold sector. However, if you have room for something that is a little higher risk/reward, this is not a bad place to look, but keep it in that context. (See Top Picks.)