Yamana Gold
Toronto symbol YRI, owns and operates seven operating mines in five countries in North and South America, along with interests in two others plus five development stage properties. It also holds extensive exploration properties.
YAMANA GOLD $15.71 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 746.2 million; Market cap: $11.7 billion; Dividend yield: 1.2%) raised its production by 5% in 2011, to 1.1 million gold-equivalent ounces (including silver and copper) from 2010.
The company now expects to produce 1.2 million to 1.3 million ounces in 2012, up 13% from 2011. Most of the …read more »
YAMANA GOLD $14.52 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 746.2 million; Market cap: $10.8 billion; Dividend yield: 1.3%) owns seven operating gold mines in Mexico, Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/gold mine in Argentina, and has three other properties in advanced stages of development.
In the three months ended …read more »
YAMANA GOLD $15.95 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 745.4 million; Market cap: $12.2 billion; Dividend yield: 0.7%) owns six operating gold mines in Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/gold mine in Argentina, and has four other properties in advanced stages of development.
In the three months ended June …read more »
YAMANA GOLD $11.68 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 741.9 million; Market cap: $8.8 billion; Dividend yield: 1.5%) has raised its quarterly dividend by 50%, to $0.045 a share from $0.03 a share. This is the second time this year that the company has raised its payout: it increased its quarterly dividend by 50%, to $0.03 …read more »
YAMANA GOLD $11.75 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 741.1 million; Market cap: $8.7 billion; Dividend yield: 1.0%) has signed an agreement with Goldcorp Inc. and Switzerland-based Xstrata plc. that will see Yamana’s 100%-owned Agua Rica copper/gold property in Argentina transferred to mining firm Minera Alumbrera.
Agua Rica is near the producing Alumbrera mine. That mine is …read more »
CAMECO CORP. $31.11 (Toronto symbol CCO; SI Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 392.6 million; Market cap: $12.2 billion) is the world’s largest uranium producer. Its large, high-grade reserves and low-cost operations, significant market share and access to a number of sources of uranium give it a strong competitive position.
Cameco gets most of its uranium from its 70%-owned McArthur …read more »
TD RESOURCE FUND $22.44 (CWA Rating: Aggressive) (TD Asset Management, P.O. Box 7500, Station A, Toronto, Ontario, M5W 1P9. Tel: 1-800-386-3757; Web site:www.tdcanadatrust.ca. No load: deal directly with the bank.) invests in companies which it sees as having strong asset bases, proven management and the ability to internally finance growth.
The $173.1-million TD Resource Fund’s top stock holdings mostly have Successful …read more »
PULSE SEISMIC $1.36 (Toronto symbol PSD; SI Rating: Speculative) (403-237-5559; www.pulsedatainc.com; Shares outstanding: 53.1 million; Market cap: $72.3 million) is Pulse Data’s new name. The stock symbol is unchanged.
Pulse changed its name because it is now focused on buying, marketing and licensing two- and three-dimensional seismic data to companies in the western Canadian energy sector. To this end, Pulse sold …read more »
TD RESOURCE FUND $17.79 (CWA Rating: Aggressive) (TD Asset Management, P.O. Box 7500, Station A, Toronto, Ontario, M5W 1P9. Tel: 1-800-386-3757; Web site:www.tdcanadatrust.ca. No load: deal directly with the bank.) invests in companies with superior asset bases, proven management and the ability to internally finance growth.
The $129.1-million TD Resource Fund’s top stock holdings are mostly of “Average” quality or higher. …read more »
Although resource companies will need an economic recovery to show renewed growth, we think the long-term outlook for global resources demand is still positive. Meanwhile, we think you should cut your risk in this volatile sector by investing mainly in profitable, well-established companies that have an asset base they acquired when asset prices were low, or in mutual funds that …read more »
