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Topic: Growth Stocks

YAMANA GOLD $5.01 – Toronto symbol YRI

YAMANA GOLD $5.01 (Toronto symbol YRI; TSINetwork Rating: Speculative)(416-815-0220; www.yamana.com; Shares outstanding: 880.8 million; Market cap: $4.6 billion; Dividend yield: 1.5%) has decided to go ahead with building a $398.0-million mine at its Cerro Moro gold and silver property in Argentina. Production could begin as soon as late 2017.

The mine will produce an average of 102,000 ounces of gold and 5.0 million ounces of silver over its eight-year life—and its lifespan could be extended with further exploration drilling.

Yamana Gold is still a buy.

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