Topic: How To Invest

Power Growth Investor Hotline – Friday, August 28, 2020

Article Excerpt

YAMANA GOLD INC., $8.00, is a buy. The miner (symbol YRI on Toronto) owns and operates five gold mines, in Canada, Brazil, Chile and Argentina. This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018. Yamana has announced that it is in the advanced stages of the application process to list its shares for trading on the London exchange’s Main Market. The stock is already listed on the New York exchange, as well as Toronto. Yamana believes that listing on the LSE, too, will improve its trading liquidity, as well as let it tap European investors if it wants to raise funds in a share issue. European investors are a largely untapped market these days for gold mining stocks. London rivals New York as the world’s premier gold bullion trading hub; its financiers have bankrolled the industry since the development of South Africa’s giant gold fields more than 130 years ago. Still, most of the London-listed gold miners have struggled…