Investors Relations
I emailed Yamana's Investors Relationship asking for a rough draft of the first quarter 2009 results. To my suprise, LOL, they said that I would have to wait until the appropriate time. Also asked for more weekly or bi-weekly reports on daily operations at all the plants so that investors could see production and amount of completion of new projects, as to keep us better informed. Again no direct answer. I decided to phone them to see if I could pry a little bit of information and this is basically what I got.
1. New plant commissionings are going well as planned.
2. Production is going as planned.
3. Most of fourth quarter gold, which was held, was sold in the first quarter.
4. Gold prices in the $850 to $880 are not a bad thing as this stimulates retail gold sales in India and Asia.
5. Earnings per share are inline with what is expected.
6. The first quarter results will be exceptional.
7. Outlook for remainder of the year looks very good as long as gold is over the $700 mark.
Not a lot of information, I know, actually all the above information is commonly known, except the fact that gold producing companies don't want the price to get to high, as what happened with the price of oil.
Just purchased 1000 more shares at $9.36 so we'll see what happens as day traders will now want the price to increase $1.00 fairly quickly.
Best of luck and happy investing!