Yukon Nevada Gold Corp T.YNG

Yukon-Nevada explores options

[Cipserv]

This folks should get interesting from hereon ... I say Newmont is the likely contender.

Gold miner Yukon-Nevada Corp. said it has initiated a strategic review of its operations that may include a sale of the company. Yukon-Nevada, which has a market value of $258.3 million, may also look into a business combination, joint venture, merger or other alternatives. The Jerrit Canyon property in Nevada, the company's primary asset operated by its subsidiary Queenstake Resources USA, also has two mills - a dry roasting and a wet mill for processing oxide ore. Barrick and Newmont as likely contenders.

Yukon-Nevada holds a portfolio of gold, silver, zinc and copper properties in the Yukon and Nevada.

Read more: https://www.timescolonist.com/business/Yukon+Nevada+explores+options/6483994/story.html#ixzz1sTyTBvs0

[exgoldminer]

Also from Reuters, April 18:   "The company thinks they have solved all the technical problems for Jerrit Canyon, but they haven't actually. This is more like a distress sale," said analyst Christopher Ecclestone of Hallgarten & Company.     Any idea what these technical problems are, beyond finishing relining the tailings pond and the last few adjustments to the

[MrGRP]

A slight typing error here and what a difference adding or missing a word can make. Unless I am missing something too ? YOu quoted or typed "my include a sale of the company" but a direct copy and paste states " which may include a sale", business combination, joint venture, merger, acquisition, strategic investment or other alternatives identified by the Company or the

[goldpet]

Let's ONLY FOR ARGUMENTS SAKE, say they are looking to make some sort of distress sale move. It would still be at a much higher price from the current level with the assets the company holds.  I would expect  nothing less than $1 per share minimum for them right now.  Any other opinions?

[mden2]

I sure hope so, I was told at the PDAC conference in Toronto that they have fixed all the problems they had and are on track to prdouce approx 150,000 onces this year, if that is the case, this should go for a lot higher than that.  Lets see what they say on the confernce call on April 24, I would think it would be positive news.  

[MrGRP]

Yes but how much of these reports can we believe ? how much of any news written by an analyst of reporter on a company they are not connected to can you believe ? On wrong right off the bat " “Yukon-Nevada processes a lot of ore for Newmont. If it doesn’t step up now and make a bid for Yukon-Nevada and if the mill goes to someone else, then that wouldn’t be in Newmont’s favour,” Mr

[goldpet]

You know logically to me a distressed sale if it were to happen, should have already taken place. Theoretically the corner should already be turned here if there's not some big underlying problems still lurking in the background and to this point Baldock has only had positive things to say about where they currently are. If a Newmont or Barrick is looking to take them out to do that sooner

[Combo9]

For arguments sake, we could expect the bidder to pay an amount relative to the potential returns such a takeover could provide.  The orphan ore in the region, which can only be processed by YNG's roaster, is thought to be worth a net $6 billion.  The compliant resources of 6m oz may be worth (conservatively) $50/oz to YNG, but in the hands of a major producer $200-400/oz is not

[goldpet]

Yes, they did a poison pill last year.

[exgoldminer]

Makes me wonder why an international news service like Reuters would choose to quote this analyst and not some other. Why accentyuate the negative when evdrything recently has been positive? Who steered Reuters to Ecclestone and why? To artificially create demand and drive up the price before a takeover?   Or was Reuters simply looking for anybody tagged an analyst who

[goldpet]

The problem is Ecclestone didn't explain what those technical problems were or why he sees this as a potential distress sale. Why didn't he explain his opinion?  Baldock has been saying everything is going well and full speed ahead.  Talk is cheap, but it's even cheaper in Ecclestone's case when you don't explain why you're coming to your conclusion.

[exgoldminer]

The editor had so many column inches to fill: quantity over quality. Hard to say what further elaboration was cut off. Typical of newspapers that use wire services.

[goldpet]

Eccelstone's claim goes against what Baldock is telling us, so my point is someone is either lying or giving an unsubstainiated opinion about the situation. I guess time will tell as to who knows what they're talking about.  My bet is with YNG's situation improving from here and the share price increasing in value. All JMO

[MrGRP]

It is obvious that the article was out of date and I think that explains it all .... as I said earlier YNG has not processed Newmont gold since the end of December 2011 when the contract ran out ! at that time they also still had technical difficulties. Since then they are no longer processing Newmont gold and have basically revamped the mill. My understanding is that they are having minor issues