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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 Armcorpon Mar 09, 2018 4:21pm
121 Views
Post# 27694386

RE:Change of harte

RE:Change of harteGood luck fly!  Hope you made the wrong decision, but I totally understand why you did it.   It has been a tremendously frustrating company to own, and the level of executive compensation is far too high for the performance of the shares.   I think that Cerro Morro is being pumped as a game changer, but like all mines it should be located in Missouri - the Show Me state. We won't know a thing for many years about how good it really is, and the place to look is not the self-serving company words, but the cold hard numbers. Yamana seems to operate by pumping millions through the mines and into the pockets of insiders, and then writing off the bloated valuations to create losses on the books and avoid transferring $ to shareholders.  I guess it is the nature of the mining business that we are at the end of the line, but this one seems worse than most.  I hope to get out this summer and move into a bigger better operation, like Newmont or Kinross, in the early winter. One aspect of this company that really sticks in my craw is that to double the dividend would only cost 20 million. This is pocket change with all the other money flying around. It would only cost $20 per ounce of gold produced!  Clearly shareholders are not respected, and so ultimately, no matter how well this stock does or does not do, fly you made the right decision. 
Bullboard Posts