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Yamana Gold Inc. AUY


Primary Symbol: T.YRI

Metals & Mining Industrial Metals & Minerals
Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.


TSX:YRI - Post by User

Yamana Gold Inc.
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Post by goldishon Jan 13, 2009 2:37pm
429 Views
Post# 15701659

Gold oversold range

Gold oversold range

Source: TD Newcrest estimates

As well, gold equities remain inexpensive relative to the gold price itself. We estimate that gold equities are

currently pricing in a gold price of approximately US$675/oz, or 21% below the current spot gold price of

US$858/oz. On an historical basis, the ratio of the TSX gold equities (in US$ terms) relative to the US dollar

remains firmly in the oversold range having plunged to historic lows in late October. We believe that the

historic lows were reached during the great deleveraging process that peaked during September and October as

investors sold anything and everything, including gold equities as they de-risked their portfolios. Exhibit 2

illustrates that to get back to “fair value” versus the gold price, gold equities could rally a further 20-25%.

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