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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 Jul 17, 2015 8:13pm
113 Views
Post# 23936447

RE:RE:Buying at $3.15

RE:RE:Buying at $3.15Mat... you are wrong with your assumption that gold has to rise. Keep in mind these low mining stock prices are at levels when spot gold was $300. What it simply means is that the miners got inefficient. Now they work on becoming efficient and the key miners like Yamana will increase even if spot gold stayed at $1,000. Others might go under but not low AISC cost Yamana. They also have $500 Million per year cash flow to pay off debt. They already lowered longterm debt from $2.1 Billion down to $1.8 Billion. As they lower debt the cash flow then goes toward EPS and Wall Street has an orgy rallying this price. You're naive to think Yamana AUY will stay this low at $2.40 even if spot gold doesn't increase for 10 years. Its irrational people like you working on Bay Street that cause these irrational drops.
Bullboard Posts