Rising output powers these two gold miners

Article Excerpt

Yamana Gold and Lundin Gold offer you great ways to prosper from the prospects for rising precious metal prices amid coronavirus uncertainty and beyond. That economic volatility should significantly boost demand for gold as an investment, especially if huge goverment stimulus spending globally spurs inflation and sends investors looking for the “store of value” of gold. Both stocks are buys. YAMANA GOLD, $6.30, is a buy. The company (Toronto symbol YRI; TSINetwork Rating: Speculative) (www. yamana.com; Shares outstanding: 965.7 million; Market cap: $6.2 billion; Dividend yield: 2.1%) 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. In the three months ended March 31, 2021, the company’s overall gold production rose 4.6%, to 231,988 ounces from 221,746 a year earlier. That increase, plus higher realized gold and silver prices, pushed up cash flow per share by 11.8%, to $0.19 from $0.17. (All figures except share price…