Get Stock Quote Here Yamana Gold Inc. (AUY) is a Canadian-based gold producer that began operations in 2003 with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. Yamana added several mining properties with the purchase of other gold companies in 2005, 2006 and 2007, namely Viceroy, Desert Sun, RNC Gold, Northern Orion and Meridian Gold. The company’s portfolio includes: (i) seven operating gold mines, namely Chapada, El Peñón, Jacobina, Gualcamayo, Minera Florida, Fazenda Brasileiro and a 12.5% indirect interest in the Alumbrera mine, and (ii) various advanced and near development stage projects and exploration properties in Brazil, Chile, Argentina, Mexico and Colombia. The principal corporate members of Yamana Gold are: Chairman and Chief Executive Officer and Founder, Peter Marrone President and Chief Operating Officer, Ludovico Costa Chief Financial Officer and Executive Vice President of Finance, Charles B. Main
Cant say. But we are entering resistance zone. If youre out my advice would be dont enter now, wait a breakout above this area. It will be a safer trade.
Reported after close yesterday (5/4/16) Earnings: EPS $0.04 Revenue $430.3M Estimates: EPS $0.00 Revenue $434.68M Up 4.76% in pre-market
Seems bottoming. Level to watch is 3. If it holds, we may have a rebound from here to higher ground. A close bellow 3 is na exit order.
I see today's closing candle as a power candle in that the bottom wick is twice as long as the body. This type of candle tells me that somewhere during the day the bears pushed the price down to 2.96 and the bulls pushed it back up to 3.29 in what appears to be determined effort. Resistance #1 is at 3.74, room enough for a little run.
It gets kinda difficult to find "undervalued" companies. Yamana however is greatly undervalued imo. I have shares because of the Monarch Gold deal and will add to my longterm position in the coming weeks. Yamana has 87% revenues of Gold, plus 13% Silver. The silver kicker is nice to have in case the price of silver goes up significantly, so you have some leverage. And in addtion Yamana has the following: Lots of Copper!! There are not many advanced copper projects out there...
Added to my position today. Yamana is a true value play right now. Market Cap is way too low imo. Gold, plus silver, plus a giant copper project on the horizon. The first 4 minutes of the below interview are very interesting, they provide the reasons why I invested in Yamana longterm... Mining Journal talks with Peter Marrone: Yamana firing on all cylinders 19.02.2021
Mining companies have great potential with increasing commodity prices due to inflation. I follow Polymetal and Barrick Gold Corporation similar to Yamana. Polymetal has high dividend.
RANKED: Top 10 copper mining projects in the world 7. Agua Rica – Argentina (Yamana's MARA project) 5.6 Mt contained Cu https://www.mining.com/featured-article/ranked-top-10-copper-mining-projects-in-the-world/
New statement at the beginning of the presentation... "Yamana should be trading at a multiple that is top of its peers" https://www.yamana.com/investors/events-and-presentations/default.aspx
Stock price is looking better again. This is my largest position in my portfolio moving forward. Just as a reminder what Yamana has in its portfolio in addition to their Gold and Silver producing mines. Copper is a hot commodity... RANKED: Top 10 copper mining projects in the world 7. Agua Rica – Argentina (Yamana's MARA project) 5.6 Mt contained Cu https://www.mining.com/featured-article/ranked-top-10-copper-mining-projects-in-the-world/