In response to the idiot poster who doesn't know how to do anything else except COMPLAIN.
Summary
- Yamana's share price has been underperforming, making it a very compelling investment opportunity at the moment.
- There are some negatives about the company, including the net debt position, the failed projects, and the Alumbrera litigation.
- Yamana's operations are performing very well, and the company is also having exploration success and expanding into new regions.
- The cheap market cap makes Yamana a prime acquisition target; Goldcorp might especially be interested given how it wanted Canadian Malartic.
- The positives far outweigh the negatives; Yamana should be a core holding for anybody that believes a long-term bull market in gold and silver is on the way.
There are a handful of companies in the precious metals sector that I would refer to as core holdings. Yamana Gold (NYSE:AUY) is one of them. If you believe that a new bull market in gold and silver is about to begin, which I do, then Yamana should be one company that investors should own. There aren't too many 1+ million ounce gold producers in the world, and given the company's current share price/market cap, it's a definite buy right now.