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Yamana Gold Inc. AUY


Primary Symbol: T.YRI

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

Bullboard Posts
Comment by RichyRich$on Nov 02, 2014 8:43pm
348 Views
Post# 23087139

RE:Yamana Debt is not a big problem.

RE:Yamana Debt is not a big problem.HansToronto... Awesome Post. I'm subscribed to a very reputable Gold/Silver Mining Newsletter. I can't say who, but he has 30 years experience analyzing only Gold/Silver and was an Economics professor. He really crunches the fundamentals and price per quality of ounces. Yamana is one of the Top Picks. But they crunched out the numbers showing the whole gold mining index is trading at a 55% discount similar to Spot Gold being $500! I totally agree with you, any bad news is overexaggerated. It's the prime time to load up on more shares. It could be a quick bounce up. Look at GG on Friday quickly bounced $17 to $19.  GG almost bounced to positve on Friday. GG might give a hint with the quick shoot up on Friday, that it wants to go up from here. All technical analysis with piercing Lower Bollinger Bands of All Time Frames is wild. It's like an elastic band ready to shoot up. I'm looking at adding more Monday morning. Historically, if you look back to the 70's, Gold Mining hits bottom a few months before Spot Gold. It starts to rebound a few months before Spot Gold does. Even if Spot Gold dropped to $1,000 from here, it would be a minimal drop for Yamana. It's already one of the lowest Price to Book ratio of only .48 for a quality company with low cost AISC reserves! For comparison the Price to Book for GG is .77 and ABX is 1.08 and NGD is .70 and IAG which is high AISC is .26. The higher AISC producers are taking a beating, but if you look at Yamana's drop, it dropped 55% since summer peak similar to IamGold! There's no way a lower cost producer like Yamana should have dropped the same amount as IamGold a high cost higher Africa geopolitical risk mines. The GAP shall be filled. I'm hanging onto Yamana for a long time. I think 2015 will be a big crash in the markets and some more Global War and the American Dollar looks to be at longterm decade resistance ready to pull back. Nows the prime time to buy more. Nothing wrong with Yamana, like you said, it's the whole sector. The whole sectore can't stay down. If some go bankrupt, Low Cost AISC will be a survivor. Many believe Gold will be range bound $1,150 to $1,350. It doesn't have to drop to $1,000 just because it sounds cool. This newsletter I'm subscribed to also shows the COT (Commitment of Traders) and it shows record Short Positions since September and every rally, summer 2013, January 2014, June 2014, happened exactly when the Short Position accumulated high. Now it's even higher. We should be set for a huge Spot Gold Short Covering in a few weeks, and the gold miners at minimum 50% spike. Hans... you have it figured out. Don't worry about the Spot Gold price. The miners don't move in exact synch with them. The Gold Miners hit bottom a few months before Spot Gold does. All the best Buddy.
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