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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 Kewl002on Oct 11, 2020 11:45pm
472 Views
Post# 31703441

Seeking Alpha - Yamana Gold: Inspiring Third Quarter

Seeking Alpha - Yamana Gold: Inspiring Third Quarterhttps://seekingalpha.com/article/4378546-yamana-gold-inspiring-third-quarter?utm_medium=email&utm_source=seeking_alpha&mail_subject=fun-trading-yamana-gold-inspiring-third-quarter&utm_campaign=rta-author-article&utm_content=link-1

SAMPLE

Canada-based Yamana Gold (AUYannounced preliminary second-quarter results on October 7, 2020. It was an excellent production quarter at record-high gold and silver prices.

The gold price has reached a multi-year high at $1,924 per ounce during the third quarter (Silver was about $24.35 per ounce).

Cash increased over $145 million in Q3, and the company decided to raise by 50% its yearly dividend to $0.105 per share effective in Q4. We will talk about it in detail later in this article.

The investment thesis has improved quite a lot since last year, and I believe the gold and silver miner is now a solid choice for a long-term investment. The logic of such a recommendation is quite simple.

Yamana Gold has reduced its net debt from $1.71 billion in 4Q'17 to now about $6.2 billion and is currently paying a dividend yield of 1.7% effective in the fourth quarter of 2020.

More at above link...........

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