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
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Canada-based Yamana Gold (AUY) announced 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...........