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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

Post by bailey2on May 01, 2020 8:14am
538 Views
Post# 30975045

Earnings

EarningsWere very good. Forecasting  1x net debt to ebitda by the end of this year, instead of 2021. Like almost all gold companies q2 will be the weaker quarter of the year as mines reopen. No debt payments due until 2022. They are focused on reducing gross debt, and not concerned about refinancing present debt. It sure appears that even if gold prices stay at this level, Yamana will do well. But if they ever do increase like the Bank of America is predicting amongst others that it could hit 3000 US in a year or two, it certainly could double in price from here, fairly easily. glta
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