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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
Post by RichyRich$on Feb 04, 2015 1:08pm
242 Views
Post# 23395380

Yamana Outpacing the Index Today ...

Yamana Outpacing the Index Today ...There could be some inside buying based on some news coming out on the Q4 Report next week. The share price is outpacing the index today. They also released the news that the extra share offering of $300 Million will be used to pay down debt. I think Wall Street liked that move to pay down debt and are seeing past the initial panic of the share offering. I always thought it was a good thing. Mr. Market is starting to agree. Another point to make. At the end of last August Gold was at $1,280 and AUY was $8.00. Last week Gold around $1,280 and AUY around $4.00. You have to ask, with gold at the same price, what really changed to make Yamana worth half of what it was end of last August??? 100% this was just manipulation. Not necessarily from shorting, there's not much shares shorted, rather from selling high in herds and buying back low in herds. It'll creep back to where it was last summer. It's a little tricky to compare because the currencies have changed so much. I like to compare the American symbol AUY, because all their accounting is done in U.S. money. Regardless... It will eventually double from todays share price.
Bullboard Posts