Yamana is a gold buy

YAMANA GOLD $3.19 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 948.9 million; Market cap: $2.9 billion; Dividend yield: 0.8%) owns and operates seven gold mines, in Canada, Brazil, Chile and Argentina.This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018.
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New mine spurs outlook

YAMANA GOLD $3.74 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 948.9 million; Market cap: $3.6 billion; Dividend yield: 0.7%) has started up production at its sixth mine—the Cerro Moro gold/silver mine in Argentina. The site uses a combination of open-pit and underground mining.
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Rising output strengthens their appeal

NEW GOLD $3.16 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold.com; Shares outstanding: 575.5 million; Market cap: $1.8 billion; No dividends paid) has four mines: the Mesquite project in the U.S.; Cerro San Pedro in Mexico; Rainy River in Ontario; and the New Afton operation in B.C.
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This deal benefits Yamana

YAMANA GOLD $4.34 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815- 0220; www. yamana.com; Shares outstanding: 1.0 billion; Market cap: $3.9 billion; Dividend yield: 0.6%) operates six gold mines, in Canada, Mexico, Brazil, Chile and Argentina. It also holds 53.6% of Brio Gold, $2.46, (symbol BRIO… Read More